Washington —House Speaker Kevin McCarthy on Saturdayreached a last-minute compromiseto keep the federal government running and avoid a costly shutdown. A 45-day stopgap spending bill with wide bipartisan support in both chambers passed both the House and Senate with hours to spare, and went to...
On Monday, Democratic leaders announced they are includingthe debt ceiling in the stopgap spending billto keep the government running into December. The move would suspend the debt limit through December 2022, meaning lawmakers would not need to address it until after the midterm election. But atte...
1. A GOVERNMENT FUNDING FIASCO With just over three weeksuntil Uncle Sam runs out of money, Johnsonhas laid out a planto pass another stopgap funding bill to keep the government running through either mid-January or mid-April. As you’ll recall,KEVIN McCARTHY’sembrace of a “continuing re...
A co-mortgagor also partakes in the loan to help an otherwise imperfectly qualified applicant obtain a mortgage. Instead of serving as a stopgap againstdefault, the co-mortgagor fully participates in the application process and may contribute to regular monthly payments. As equal participants in the...
However, most of these same economies have necessary stopgap measures in place to prevent a mass exodus of capital outflows during a time of crisis or a massive speculative assault on the currency. Factors such asglobalizationand the integration offinancial marketshave contributed to an overall easi...
Hope was in short supply for English university leaders following Rachel Reeves’ first budget, announced in the House of Commons last week. As the chancellor finished speaking – and it became clear that institutions werebeing hit with a huge national insurance billwith no movement on fundin...
ING's Brzeski meanwhile noted that a minority government could also continue until the scheduled election date later in 2025 and pointed out that, even if the FDP left the coalition, this would not necessarily force a snap election. This is due to the German constitution, which dictat...
What's also unclear is whether Johnson is prepared to get his wily conference in order to move a stopgap measure through the House, where it'll be a harder-fought battle. Johnson previously said he would not approve any additional short-term funding bills, but Johnson also...
GOVERNMENT FUNDING Averting a government shutdown at midnight on Sept. 30 — the end of the fiscal year — has become an anxiety-inducing ritual in Washington. This year is no different. The House last week passed a measue to keep the government open and suspend the debt limit by a party...
“Trump-Vance statement trashes the bipartisan stopgap funding bill and now calls for adding a DEBT CEILING INCREASE, which is nowhere in the mix. Two days till government shuts down,”notedNBC News’ Sahil Kapur. Trump and his Vice President-elect, JD...