Share This Article
30 September Deadline Looms: Kevin McCarthy Suffers High-Profile Defeat as US Government Shutdown Threaten
Deadline for shutdown US Government
As the clock ticks down to the September 30th deadline for the US government to avoid a shutdown, House Speaker Kevin McCarthy has suffered a high-profile defeat in the midst of the chaotic standoff in Congress.
The House of Representatives on Tuesday failed to pass the Republican-proposed stop-gap spending bill, a last-ditch effort to avoid a government shutdown and provide more time for negotiations over a longer-term funding deal.
The bill was soundly defeated in a sound 253-169 vote, with most Democrats opposing it and several Republicans joining them.
McCarthy had called for a vote on the bill in an attempt to buy more time for negotiations over more permanent spending legislation. He had pledged to bring the bill up later this week, but with less than 24 hours before the government could run out of money and risk a shutdown, the failure of the bill signals that a deal is far from close.
McCarthy and House Democrats have been locked in a heated standoff over the bill, with both sides proposing their own deals and trading blame for the delay. At the same time, Senate Majority Leader Mitch McConnell has said that he sees no point in passing any bill until the House Democrats and Republicans can reach an agreement.
The political drama is taking its toll, with Americans growing increasingly frustrated at the lack of progress and the possibility of another government shutdown. President Trump has been vocal in his criticism of Democrats for the delay, and he is likely to continue to put pressure on House Democrats to reach a deal in the coming hours.
With time running out, Congress will have to act fast if it wants to avoid a government shutdown and bring some much-needed stability to the US government.
The deadline for the United States government to avert a shutdown is fast approaching, with less than 24 hours left before the deadline. House Speaker Kevin McCarthy suffered a high profile defeat on Tuesday when a measure he backed to temporarily fund the government failed on the House floor.
As the clock continues to tick, a bipartisan group of lawmakers has been negotiating in search of a solution that would break the impasse. But so far, no deal has been reached.
If Congress fails to pass a funding bill by midnight on Wednesday, parts of the federal government would shut down. This would impact programs like Social Security, the Department of Defense, and the Department of Homeland Security, among many others.
While it is uncertain what will happen in the hours leading up to the deadline, it is clear that the showdown has become a test of willpower between Republican and Democratic lawmakers. As the clock ticks closer to Wednesday’s deadline, it remains to be seen if this latest high profile defeat will motivate congressional leaders to reach an agreement before time runs out.
Democrats vs Republicans
The US government is facing a looming shutdown, with less than 24 hours until the midnight deadline. House Speaker Kevin McCarthy suffered a high-profile defeat on Tuesday when GOP members refused to back his plan to pass a short-term spending bill and avert a partial government shutdown.
Democrats oppose the Republicans’ plan to fund the government through December 20, arguing it does not include enough funding for healthcare, education and other programs. They have proposed their own bill that would provide government funding through November 21.
The fate of the government shutdown is now uncertain, and the Senate will have to find a way to pass a spending bill before midnight tonight. It is unclear if either plan will have enough votes to pass the Senate, or if Congress will be able to find a compromise.
Meanwhile, President Donald Trump has threatened to veto any spending bill that does not include his proposed border wall funding. Without funding for a border wall, it’s unclear how this situation will be resolved.
It’s a tense moment for the US government and the American people. With only hours left until the deadline, it’s unclear if a deal will be reached in time and if the federal government will be forced into a partial shutdown.
The information provided in this article is for informational purposes only and should not be considered as investment advice. The stock market can be volatile, and investing in stocks carries risks. Always do your own research and consider consulting with a financial advisor before making any investment decisions.