The Financial Horizons
No Result
View All Result
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
  • Latest News
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
  • Latest News
No Result
View All Result
The Financial Horizons
No Result
View All Result
Home Latest News

Speaker Johnson rolls out plan to avoid government shutdown, prevent ‘spending monstrosity’

by
November 12, 2023
in Latest News
0
Speaker Johnson rolls out plan to avoid government shutdown, prevent ‘spending monstrosity’
0
SHARES
7
VIEWS
Share on FacebookShare on Twitter

Speaker Mike Johnson, R-La., unveiled a short-term spending plan on Saturday aimed at averting a government shutdown when federal funding runs out on Nov. 17.

The two-step proposal would fund part of the government until Jan. 19, and the rest until Feb. 2. A senior GOP aide told Fox News Digital on Friday that they are aiming for a Tuesday House-wide vote.

Supporters of a staggered short-term bill, known as a continuing resolution (CR), argue it puts targeted pressure on lawmakers to achieve their goals at an incremental rate. 

Johnson’s CR includes no additional funding for Ukraine or Israel, but it does extend key programs under the Farm Bill, another must-pass piece of legislation that expires this year. 

The speaker said his plan would avoid forcing lawmakers to make rushed decisions up against the holiday season by extending funding through the new year. He also championed its exclusion of President Biden’s $106 billion supplemental aid request for Ukraine, Israel, Taiwan and the southern border. 

In a one-page summary of the plan, Johnson’s office said the approach would ‘prevent another irresponsible ‘Christmas omnibus’ spending monstrosity.’

‘This two-step continuing resolution is a necessary bill to place House Republicans in the best position to fight for conservative victories,’ Johnson said in a statement after it was unveiled.

‘The bill will stop the absurd holiday-season omnibus tradition of massive, loaded up spending bills introduced right before the Christmas recess. Separating out the CR from the supplemental funding debates places our conference in the best position to fight for fiscal responsibility, oversight over Ukraine aid, and meaningful policy changes at our Southern border.’

The plan first forces lawmakers to reckon with some of the traditionally less controversial appropriations bills — those concerning military construction and Veterans Affairs; Agriculture; Energy and Water; Transportation and Housing and Urban Development. The remaining eight appropriations bills must be worked out by Feb. 2.

House Republicans have pledged to pass 12 individual spending bills for the next fiscal year as opposed to a mammoth ‘omnibus’ funding bill, which the previous Democratically-controlled Congress passed last year. 

A majority of Republican lawmakers, including Johnson allies, have signaled they understand a CR is needed to give themselves more time to cobble together a deal and avoid a shutdown. 

But some GOP hardliners are already coming out against it for extending the ‘omnibus’ priorities they opposed.

‘My opposition to the clean CR just announced by the Speaker to the [House GOP] cannot be overstated. Funding [former Speaker Nancy Pelosi, D-Calif.] level spending & policies for 75 days – for future ‘promises,’’ House Freedom Caucus Policy Chair Chip Roy, R-Texas, wrote on X after a House GOP members-only conference call.

Fox News’ Chad Pergram contributed to this report

This post appeared first on FOX NEWS
Previous Post

Why buying a house is still financially beneficial even with sky-high prices and interest rates

Next Post

Decisions in 14th Amendment cases could impact pending Colorado, Michigan efforts to remove Trump from ballot

Next Post
Decisions in 14th Amendment cases could impact pending Colorado, Michigan efforts to remove Trump from ballot

Decisions in 14th Amendment cases could impact pending Colorado, Michigan efforts to remove Trump from ballot

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent News

    Speaker Johnson reaches tentative deal with blue state Republicans to boost cap on ‘SALT’ deduction

    Speaker Johnson reaches tentative deal with blue state Republicans to boost cap on ‘SALT’ deduction

    May 21, 2025
    Senate unanimously approves $25,000 tax break for tipped workers

    Senate unanimously approves $25,000 tax break for tipped workers

    May 21, 2025
    Trump, Hegseth announce ‘Golden Dome,’ a ‘game changer’ to protect American homeland

    Trump, Hegseth announce ‘Golden Dome,’ a ‘game changer’ to protect American homeland

    May 20, 2025
    Hegseth orders Pentagon to launch comprehensive review into ‘catastrophic’ 2021 Afghanistan withdrawal

    Hegseth orders Pentagon to launch comprehensive review into ‘catastrophic’ 2021 Afghanistan withdrawal

    May 20, 2025
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: Thefinancialhorizons.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 thefinancialhorizons.com | All Rights Reserved

    No Result
    View All Result
    • Investing
    • Stock
    • Economy
    • Editor’s Pick
    • Latest News

    Disclaimer: Thefinancialhorizons.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 thefinancialhorizons.com | All Rights Reserved