Connect with us

Hi, what are you looking for?

Daily Planning Capabilities – Investing and Stock NewsDaily Planning Capabilities – Investing and Stock News

Latest News

Senators continue to wait for House lawmakers to ‘sort it themselves’ on spending

A week into the House’s chaotic attempt to pass a government funding deal, senators are signaling they’re open to near anything — except moving on their own government-funding deal first.

Sen. Jon Tester (D-Mont.), a member of the Senate Appropriations Committee, said “the House needs to do its job” when asked whether the Senate needs to get moving on its own bill. Asked what happens if the House is unable to pass something before a government shutdown deadline in less than 12 hours, Tester replied: “It’s what the people elected.”

Sen. Brian Schatz (D-Hawaii), another Senate appropriator, said House members have to “sort it themselves.” Rep. Rosa DeLauro, leading Democrat for the House Appropriations Committee, also said: “We’re going to move in the House. We have to move in the House.”

There is some movement in the House as of Friday morning — the latest plan is to break up the deal into three different pieces, including government funding, disaster relief and farm aid. If the bills come as three individual pieces to the Senate, it could be a difficult lift to get individual time agreements on all three bills, since any one senator could object. If the House wraps up the bills into one package before sending it over, it would only require one-time agreement.

Without a time agreement, Majority Leader Chuck Schumer would have to wait days before he could get a passage vote. And if the bill is wrapped together in the Senate and not in the House, it would have to go back to the House and be approved before heading to the president’s desk. There’s no guarantee House lawmakers will stick around if they manage to clear something through their chamber.

But senators aren’t placing much stake in the newest House plan until they see actual action. Soon-to-be Senate GOP Leader John Thune said he’s continuing to wait on the House to pass something, stating: “If they can kick a bill out this morning that funds the government for the foreseeable — needed — future, then we’ll take it up as it comes to us.”

There’s no appetite for a shutdown among senators. Sen. Shelley Moore Capito (R-W.Va.), a member of current Senate GOP leadership, said Friday that “shutting down the government is a useless exercise” and “continuing government is, I think, crucial.”

But as for whether the plan has legs?

“Will it work? I’m not going to Vegas to put bets on anything,” she said. “We’re sort of in that ‘don’t react to anything’ space, because nobody knows what’s going on.”

Nicholas Wu contributed to this report.

Enter Your Information Below To Receive Latest News, And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Investing

    Introduction To The Long Put Strategy Options are used by investors to take advantage of a wide range of projections on the state of the...

    Investing

    Introduction Options can provide investors with an extremely versatile tool that can be used to bet on market direction or changes in volatility levels....

    Investing

    In both cases a (usually near the money) option is sold and used to partially fund the purchase of two (or more) out of...

    Investing

    What’s the Difference Between SPX and SPY Options? Dividends Dividends are not normally paid to options holders. However, SPY pays a dividend every quarter. This is...

    Disclaimer: Dailyplanningcapabilities.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 © 2023 Dailyplanningcapabilities.com