House passes funding bill, Senate takes it up next

WASHINGTON — The House of Representatives approved a bipartisan federal spending bill Friday and sent it to the Senate, just hours before a midnight deadline to fund the government. It was unclear Friday whether the Senate could pass the bill before 12:00 a.m. ET, when funding technically lapses.

The bill continues funding the federal government at current levels for three months, and provides disaster relief and farm aid.

The bill passed with significant Democratic support and votes from two-thirds of the members present, a high bar that reflected the desire in both parties to avoid a costly shutdown that could jeopardize paychecks for hundreds of thousands of federal employees a few days before Christmas.

The bill has a realistic path to passing the Democratic-controlled Senate. But parliamentary procedure in the chamber gives more power to individual senators to jam up legislation.

If the bill passes the Senate in its current form, outgoing President Joe Biden is expected to quickly sign it into law.

“While it does not include everything we sought … President Biden supports moving this legislation forward,” White House press secretary Karine Jean-Pierre said in a statement Friday.

The House vote capped off several days of chaos on Capitol Hill, during which Johnson tried, and failed, to meet the demands of President-elect Donald Trump.

Trump and his billionaire campaign donor Elon Musk, the Tesla CEO, doomed an initial, negotiated funding plan Wednesday by harshly criticizing its provisions, sending Republicans scrambling most of Thursday to find a replacement plan.

Read more CNBC politics coverage

Specifically, Trump insisted that any deal to keep the government open must include a two-year suspension of the U.S. debt limit. The limit is the maximum the federal government can borrow to pay for its spending.

The debt ceiling is a recurring, bitter debate in Washington every few years, and one where the political party in the minority typically has a lot of leverage. Trump appears eager to avoid this fight during the start of his second term in office.

But authorizing the U.S. to borrow more money is a bridge too far for many hardline conservative Republicans.

This was evident when Thursday’s bill, which contained bare bones government funding and a debt limit hike, was resoundingly defeated. Joining nearly every Democrat were 38 rank-and-file Republicans who voted against it, after their party’s leader had publicly endorsed the deal.

Like Thursday’s failed vote, Friday’s passage — without Trump’s debt limit hike — served as a reminder to the incoming president of just how difficult it is to control the notoriously fractious House Republican caucus.

This is a developing story. Please check back for updates.

Don’t miss these insights from CNBC PRO

Source link

Latest

From Hipgnosis’ return to Suno’s new Chief Music Officer… it’s MBW’s Weekly Round-Up

Welcome to Music Business Worldwide’s weekly round-up – where we...

MG M9 review: Luxury electric MPV to sit back and relax in – Introduction

The MG M9 electric MPV is all about pampering...

Golf Can Prove Habit Forming And Possibly Addictive

Note: This article does not suggest that golf is...

Newsletter

spot_img

Don't miss

From Hipgnosis’ return to Suno’s new Chief Music Officer… it’s MBW’s Weekly Round-Up

Welcome to Music Business Worldwide’s weekly round-up – where we...

MG M9 review: Luxury electric MPV to sit back and relax in – Introduction

The MG M9 electric MPV is all about pampering...

Golf Can Prove Habit Forming And Possibly Addictive

Note: This article does not suggest that golf is...

In seconds, AI builds proteins to battle cancer and antibiotic resistance

In the last year, there has been a surge...
spot_imgspot_img

Apparently, Most Americans Think Fries Are a Main Course—We’re Not Arguing

There are two kinds of people in this world: those...

From Hipgnosis’ return to Suno’s new Chief Music Officer… it’s MBW’s Weekly Round-Up

Welcome to Music Business Worldwide’s weekly round-up – where we make sure you caught the five biggest stories to hit our headlines over the past seven...

MG M9 review: Luxury electric MPV to sit back and relax in – Introduction

The MG M9 electric MPV is all about pampering the boss sat at the back.SUVs big and small are all the rage, but there's another...