Index Option Calls
  • Home
  • Latest News
  • Email Whitelisting
  • Privacy Policy
  • Home
  • Latest News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
Index Option Calls
No Result
View All Result
Home Latest News

Congress strikes deal to avoid government shutdown 1 day before deadline — but roadblocks remain

by
December 2, 2021
in Latest News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

RELATED POSTS

Stocks trim losses, but the S&P 500 is on track for worst first half in decades

The market’s worst first half in 50 years has all come down to one thing

The House reached a deal Thursday on a short-term government funding bill that would prevent a shutdown before a Friday deadline.

The measure would fund the government at current levels through Feb. 18, House Appropriations Committee Chair Rosa DeLauro, D-Conn., said in a statement. The House could vote on the legislation Thursday.

Both chambers of Congress need to pass a spending bill by Friday to prevent a lapse in funding. An extended shutdown can lead to furloughs of federal workers and the suspension of certain government services. The Biden administration’s Office of Management and Budget pushed for “swift passage” of the spending measure on Thursday.

If the House approves the bill Thursday, the Senate could still pose problems as lawmakers rush to avoid a crisis. Any senator has the ability to stop the bill’s quick passage, and a handful of Republicans have threatened to delay it as they try to bar the Biden administration’s vaccine mandate on private employers.

A man walks past the U.S. Capitol building as a government shutdown looms in Washington, September 30, 2021.

Leah Millis | Reuters

Senate Minority Leader Mitch McConnell opposes the push within his caucus to delay the funding bill. On Thursday, he told Fox News he does not think “shutting down the government over this issue is going to get an outcome,” noting the mandate has hit a wall in federal courts.

“We’re not going to shut the government down,” he said. “That makes no sense for anyone. Almost no one on either side thinks that’s a good idea.”

Majority Leader Chuck Schumer on Thursday criticized the GOP holdouts for risking an “unnecessary and dangerous” shutdown. He said “I hope cooler heads will prevail on the other side so we can keep the government funded before tomorrow’s deadline.”

A few Republicans led by Sen. Mike Lee of Utah have led the push around vaccine mandates. The effort could delay approval of the funding bill and cause at least a temporary shutdown.

It is unclear whether Senate leaders can reach an agreement that would allow for a quick vote on the spending bill. The Republicans who could block government funding have pushed for a vote on an amendment to block the vaccine mandate.

“All we want is a vote,” Sen. Tom Cotton, R-Ark., told CNBC on Thursday morning. He said he wants senators to “put their cards on the table” about whether they back the mandate.

The crusade from the GOP holdouts may have little practical effect. A federal appeals court has already blocked the mandate on employers from going into effect temporarily.

In addition, if lawmakers can resolve a potential shutdown this weekend before federal employees go back to work Monday, it would cause only minimal disruption.

Once Congress passes a stopgap bill, lawmakers will try to resolve disagreements over funding priorities to approve full-year appropriations legislation before Feb. 18.

This story is developing. Please check back for updates.

Subscribe to CNBC on YouTube.

ShareTweetPin

Related Posts

Stocks trim losses, but the S&P 500 is on track for worst first half in decades

by
June 30, 2022
0

Stocks fell on Thursday, as the S&P 500 caps off its worst first half in more than 50 years. The...

The market’s worst first half in 50 years has all come down to one thing

by
June 30, 2022
0

Traders on the floor of the NYSE, June 29, 2022. Source: NYSE A multitude of factors conspired to generate the...

‘I wouldn’t be successful at my job without her’: My friend cleans, cooks and cares for my child. I pay her $50 a day. Am I taking advantage of her?

by
June 30, 2022
0

Dear Quentin, I’m a working-from-home mom and my supervisors have no intentions of bringing me back to the office at...

Apple opens up third-party app payments in Korea, will still take 26% cut

by
June 30, 2022
0

Tim Cook at the Apple launch event, March 8, 2022 Apple Apple said on Thursday that developers with iPhone apps...

These are analysts’ favorite Dow stocks for the second half of 2022

by
June 30, 2022
0

One of the worst six-month periods for stocks in decades comes to an end on Thursday. The first half of...

Next Post

Covid hospitalizations from delta variant creep up again across America as omicron lands in U.S.

C3.ai Stock Hits New Lows After Results Disappoint Wall Street

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:

By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

MOST VIEWED

  • A Couple Stored IRA Gold at Home. They Owe the IRS More Than $300,000.

    0 shares
    Share 0 Tweet 0
  • A California Couple Spent Eight Years Building Their Dream Retirement Home in Costa Rica

    0 shares
    Share 0 Tweet 0
  • Goldman Sachs says buy these stocks to play Web 3.0 and the metaverse

    0 shares
    Share 0 Tweet 0
  • Goldman Sachs picks new stocks to buy — and says these 5 have over 100% upside

    0 shares
    Share 0 Tweet 0
  • In his final warning, this stock trading wizard — who made big money in bear markets and crashes — called this market a bubble like no other

    0 shares
    Share 0 Tweet 0
  • Home
  • Latest News
  • Email Whitelisting
  • Privacy Policy
All rights reserved by www.indexoptioncalls.com
No Result
View All Result
  • Home
  • Latest News
  • Email Whitelisting
  • Privacy Policy

All rights reserved by www.indexoptioncalls.com