House approves funding bill, breaking promises on spending splits and debt ceiling demands.

Sharing is Caring!

Just before the midnight deadline, the House passed a funding bill to keep the government running until March 14. After a week of tense negotiations, Speaker Mike Johnson pushed the bill through, avoiding a shutdown that would have left federal workers furloughed and disrupted critical services like TSA during the holiday season.

The bill, which passed 366-34, included disaster aid and a farm bill extension but notably excluded the debt ceiling increase demanded by President-elect Trump and his ally, Elon Musk. Their late intervention derailed an earlier bipartisan deal, forcing Johnson to start over, facing resistance from both parties.

See also  On Joe Rogan : “The House released a 500 page report on the ‘Pandemic’. They basically said all of the conspiracy theorists were correct. Every single one of them. No repercussions…no apologies. None of it…”

This move exposed deep fractures within the GOP, as all opposition votes came from Republican members. Johnson’s decision to leave out the debt ceiling increase was a strategic but controversial concession, setting up a showdown in the months ahead as Trump and his supporters continue pressing the issue.

The urgency to pass the bill was clear, given the economic fallout of past shutdowns. The 35-day shutdown in 2018-2019 cost the U.S. economy $11 billion. While this short-term fix avoids immediate chaos, it’s a temporary Band-Aid over a growing wound of political division.

See also  Bulls are misled by GDP, BLS models, and volatile assets like Bitcoin. The real unemployment rate is 7.2%.

As the new administration steps in, the battle over the debt ceiling looms large. Conservatives must stay vigilant in these fights, ensuring fiscal responsibility while navigating intense pressure from all sides.

Sources:

https://www.msn.com/en-us/news/politics/house-passes-last-minute-funding-bill-to-avert-government-shutdown/ar-AA1wfKWc

https://www.nbcnews.com/politics/congress/uncertainty-reigns-capitol-hill-government-shutdown-deadline-trump-rcna185006

https://www.govexec.com/management/2024/12/house-passes-3-month-spending-bill-setting-congress-avert-shutdown/401842/

https://www.politico.com/live-updates/2024/12/20/congress/third-spending-plan-attempt-00195611

https://www.newsweek.com/miek-johnson-spending-bill-save-act-1957780