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Bipartisan Solution

All articles tagged with #bipartisan solution

politics1 year ago•2 min saved

"Congress Nears Spending Deal Amid Shutdown Fears"

Top US lawmakers are optimistic about averting a government shutdown ahead of the Friday deadline, with House Speaker Mike Johnson vowing to get the government funded after a meeting with President Joe Biden. The budget negotiations have been focused on border security and aid to Ukraine, with Republicans controlling the House and Democrats holding the Senate. If a deal is not reached, some government departments will temporarily close, but there is hope for a bipartisan solution as lawmakers work to keep the government open.

via BBC.com|

#bipartisan-solution #budget-negotiations #funding-deal

politics2 years ago•6 min saved

Republicans scramble for a solution to the broken House Republican Conference

House Republicans are struggling to find a solution to their leadership chaos as they continue discussions on how to reopen the chamber. With no clear path forward, some Republicans are considering a temporary compromise with Democrats to break the impasse. However, the idea of empowering a caretaker speaker is met with resistance within the GOP. Rep. Jim Jordan is currently the Republicans' best hope for a speaker, but he still lacks the necessary support. As desperation grows, there are ongoing conversations about empowering Acting Speaker Patrick McHenry, but this idea faces opposition from conservatives. Some centrists are also open to a longer-term deal with Democrats. The situation remains uncertain as the Nov. 17 shutdown deadline approaches.

via POLITICO|

#acting-speaker-patrick-mchenry #bipartisan-solution #gop-leadership

politics2 years ago•7 min saved

"Republican Party Infighting Threatens Government Shutdown: Chaos and Acrimony in House GOP"

Intra-party infighting within the Republican Party is pushing the US towards a government shutdown, as far-right hardliners clash with moderates and House Speaker Kevin McCarthy. The Republican majority's dysfunction and demands for massive spending cuts that are unlikely to pass the Senate or be signed by President Joe Biden could lead to furloughs for federal workers, unpaid troops, and economic damage. The chaos could also impact US readiness and Ukraine's fight for survival. A potential solution lies in a tie-up between moderate Republicans and Democrats, but it remains uncertain if a compromise can be reached before the deadline.

via CNN|

#bipartisan-solution #government-shutdown #house-majority

politics2 years ago•5 min saved

Debt ceiling negotiations at a standstill as Biden attends G-7 summit.

Negotiations between the White House and Republican congressional leaders over the debt ceiling crisis have stalled, with both sides failing to reach an agreement. The White House accused House Speaker Kevin McCarthy's team of submitting a deal that contained extreme partisan demands. The two sides have competing demands and priorities on spending, with Republicans calling for cutting overall spending while still implementing increases to defense spending, a move which White House officials fear could lead to greater cuts to non-defense discretionary spending. President Biden is optimistic a deal can be reached, but Treasury Secretary Janet Yellen has warned the US could default on its debt as soon as June 1.

via CBS News|

#bipartisan-solution #debt-ceiling #negotiations

politics2 years ago•4 min saved

Lawmakers Seek Solutions for Looming Social Security Benefit Cuts.

Republican Senator Bill Cassidy of Louisiana is working on a bipartisan "big idea" to address Social Security's 75-year shortfall by creating an investment fund separate from Social Security and allowing the investment to earn returns over a period of 70 years. Cassidy is working with Sen. Angus King, I-Maine, to craft a bipartisan solution to fix the program. The idea for investing Social Security's funds in the market is inspired by private pension funds, which already buy securities outside of Treasurys. Social Security's combined trust funds will only be able to pay full benefits until 2034, according to recent projections from the Social Security Board of Trustees.

via CNBC|

#benefits-cut #bipartisan-solution #investment-fund