Economy
BREAKING: House fails to pass stopgap funding bill to avoid government shutdown
The House of Representatives failed to pass a continuing resolution negotiated between conservative and moderate House Republicans in an effort to avoid a government shutdown.
The Spending Reduction and Border Security Act was introduced by Republican Rep. Byron Donalds of Florida on Sept. 18, following negotiations between the conservative House Freedom Caucus and centrist Main Street Caucus, as a compromise between divided factions of the House Republican Conference to achieve unanimity while avoiding a government shutdown. The bill failed the House by a vote of 198 yeas to 232 nays, with all Democrats voting against the bill.
The bill would fund the government until Oct. 31 and cut public spending by 8.1285%, according to the bill’s text. This would yield $1.59 trillion for one month until the House and Senate pass 12 appropriations bills to provide permanent funding for the 2024 fiscal year.
The Biden administration issued a statement on Friday staunchly opposing the bill, claiming that its cuts to public spending were too severe. It indicated that President Joe Biden will veto the bill if it is presented to him, which means it is unlikely to be passed by the Democratic-led Senate, either.
The Senate has been working on its own bipartisan continuing resolution to fund the government, which includes funding for Ukraine. House Republicans have criticized the bill, with Donalds saying that it is “dead on arrival” in the House.
Continue reading: Daily Caller
I will not be voting for another continuing resolution. pic.twitter.com/zV5AZDce2Z
— Rep. Matt Gaetz (@RepMattGaetz) September 22, 2023
A recent Gallup poll shows Americans overwhelmingly have faith in Republicans over Democrats when it comes to the economy. In fact, the GOP “holists largest advantage on the economy in over 30 years, with 53% of Americans trusting Republicans more than Democrats on the issue” writes the Daily Caller News Foundation.
The poll holds Republicans at a 14-point lead over Democrats for handling the economy better. “The GOP scored 10 points higher on the economy than last year, marking the largest margin between the two parties since 1991.”
Gallup’s publication of the poll is titled ‘Neither Party Well-Liked, but GOP Holds Advantage on Issues.’ It may not be a shock that “The two major political parties remain unpopular in the U.S., with 56% of Americans viewing the Republican Party unfavorably and 58% saying the same of the Democratic Party” but the GOP holds “historically ample leads.”
Voters Overwhelmingly Side With The GOP On The Economy: POLL https://t.co/ivFbVCEn9s via @dailycaller @willkessler12
— Reagan Reese (@reaganreese_) September 26, 2023
“Fifty-three percent of Americans believe the Republican Party will do a better job of keeping the country prosperous over the next few years, whereas 39% choose the Democratic Party.”
“A slightly larger majority, 57%, have greater faith in the Republican Party to protect the country from international terrorism and military threats, while 35% favor the Democrats.”
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