House Republicans proposed a draft agreement including $2.5 trillion in mandatory spending cuts to raise the debt ceiling by $1.5 trillion. This plan, revealed in a closed-door meeting, targets programs like Social Security, Medicare, and Medicaid, despite legal limitations on directly cutting Social Security through the proposed reconciliation process. Critics argue these cuts are intended to fund tax cuts for the wealthy, with the only way to meet the proposed spending reductions being drastic cuts to major social programs. The plan underscores concerns about prioritizing tax cuts for corporations and billionaires over vital social safety nets.
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A near government shutdown was narrowly averted after a House bill, initially including a two-year debt ceiling extension favorable to Trump, was amended to remove that provision. This last-minute scramble, orchestrated by President-elect Trump and influenced by Elon Musk’s social media campaign, ultimately resulted in the loss of funding for crucial initiatives such as pediatric cancer research and prescription drug cost reduction. Republicans, initially blaming Democrats, ultimately failed to secure the necessary support for Trump’s preferred legislation. The episode foreshadows the potential for future political gridlock and highlights Trump’s unpredictable and potentially disruptive governing style.
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Amidst intense negotiations to prevent a government shutdown, Democrats criticized Elon Musk’s apparent influence on Republican strategy, questioning his role in shaping the final spending bill. A bipartisan Senate vote (85-11) and subsequent House approval (366-34) averted the shutdown, temporarily funding the government until March and including $100 billion in disaster aid. However, the bill excluded a long-term debt ceiling increase, while Musk’s involvement fueled concerns about the undue influence of wealthy individuals in political decision-making. President Biden is expected to sign the measure.
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President Biden signed a continuing resolution funding the government until March 14th, averting a shutdown. The bipartisan compromise includes $100 billion in disaster aid and a one-year farm bill, but notably excludes a debt limit extension. While not encompassing all desired provisions, the bill prevents a government shutdown and blocks a proposed tax cut favoring billionaires. The Senate and House passed the measure with substantial bipartisan support, overcoming initial opposition from Donald Trump and subsequent Republican infighting.
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The Senate passed a continuing resolution (CR) to fund the government through March 14th by a vote of 85-11, averting a government shutdown. The bill, also passed by the House 366-34, includes $100 billion in disaster aid and a one-year farm bill. This legislation omits a debt limit extension initially demanded by President-elect Trump, a demand that ultimately led to several failed attempts at compromise. Republicans, in response, agreed to substantial spending cuts and a potential debt limit increase via reconciliation next year.
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House Minority Leader Hakeem Jeffries’s blunt rejection of a debt ceiling demand from Donald Trump – a simple “hard pass” – encapsulates the deep political chasm currently dividing Washington. The statement underscores a stark refusal by Democrats to be complicit in what they perceive as a Republican power grab.
This forceful dismissal highlights a fundamental disagreement over fiscal responsibility and governance. The underlying issue revolves around whether Republicans, now poised to control Congress and potentially the presidency, should be allowed to unilaterally dictate fiscal policy without Democratic input, particularly regarding such a critical issue as the debt ceiling.
Jeffries’s “hard pass” suggests a belief that Republicans should be held accountable for their actions.… Continue reading
The House rejected President-elect Trump’s revised government funding plan, which included disaster relief and a debt ceiling suspension until January 30, 2027, by a vote of 174-235. This new proposal, championed by Trump and Speaker Johnson, significantly reduced the original bill’s size and eliminated provisions such as a congressional pay raise, following pressure from Elon Musk. The rejection constitutes a major setback for Trump and Johnson, who faced intense pressure from Trump to pass a revised bill before the government shutdown deadline of midnight Friday. The failure to pass the bill leaves the government facing a shutdown.
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President-elect Trump unexpectedly opposed the bipartisan government funding bill, urging Republicans to reject it and instead negotiate a slimmer version, excluding many add-ons. He further demanded that Congress raise the debt ceiling immediately, rather than waiting until next year as planned, creating a significant hurdle just days before a potential government shutdown. This action sparked immediate criticism from Democrats and some Republicans who championed disaster relief funds within the original bill. The dispute centers around the size and scope of the spending bill, with Trump and allies advocating for a more austere approach.
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John Q. Hosedrinker 
Matt Underwood