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Short Term Extension

All articles tagged with #short term extension

politics2 years ago•2 min saved

"Congressional Leaders Navigate Budget Deal Crossroads to Avoid Shutdown"

Congressional leaders have agreed on a short-term spending bill to extend current funding levels through March 1 and March 8, aiming to provide more time for the passage of year-long spending bills and avoid a government shutdown. The bill is the result of bipartisan negotiations and aims to adhere to a $1.6 trillion spending cap deal reached last week. While the Senate is expected to pass the stop-gap with significant bipartisan support, the process in the House is less clear, with Speaker Mike Johnson facing opposition from far-right members and the need for significant Democratic support to pass the bill.

via NPR|

#bipartisan-cooperation #congressional-leaders #government-funding

politics2 years ago•3 min saved

Congress Grapples with Short-Term Funding Amid Looming Government Shutdown

House Republicans are divided over whether to support a short-term government funding extension as Congress approaches a shutdown deadline. Some members advocate for an extension until March, while others see a shutdown as leverage for GOP policy goals. Tensions within the House GOP have led to a protest vote, raising concerns about reaching a deal by the deadline. Senate leaders acknowledge the likely need for a short-term extension, while the possibility of a government shutdown looms amid negotiations and differing viewpoints within the party.

via Fox News|

#congress #government-funding #house-gop

politics2 years ago•3 min saved

The White House's Concerns Over the Debt Ceiling Crisis.

The White House is considering brokering a short-term extension of the debt ceiling to allow more time to pass a larger increase, as the current deadline in June approaches. While the Biden administration prefers a long-term deal, aides are discussing fallback options, including invoking the 14th Amendment, to avert an economic catastrophe if a resolution remains out of reach. A short-term extension could provide several months for the parties to negotiate a more fulsome spending deal and coincide with the September 30 deadline to agree on the following year’s government funding. The White House remains committed publicly to its position pushing for a long-term solution and remains open to a two-track process to negotiate spending separately from the debt ceiling.

via NBC News|

#debt-ceiling #economic-impact #negotiations