Connect with us

Hi, what are you looking for?

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

Latest News

Johnson and Trump team floating stopgap plan with disaster aid, debt limit, farm bill

Speaker Mike Johnson and Donald Trump’s team are circling a new federal funding stopgap plan that includes disaster aid, pushing off a debt limit fight for two years and a one-year farm bill extension, according to two Republicans familiar with the discussions.

The closed-door talks between the speaker and Trump’s team, including incoming Vice President JD Vance, are still ongoing and the plans could change, according to the two lawmakers. Other options are also being floated. It’s unclear if Democrats would support this plan.

Trump had made an 11th hour public demand that any stopgap bill should deal with the debt limit. Trump’s team is pushing for at least a commitment to lift the debt limit before Jan. 20. Some lawmakers are still airing doubts that raising the debt limit is possible to do before a shutdown deadline Friday.

“I don’t see Chuck Schumer doing that, or Joe Biden signing that into law,” said Rep. Drew Ferguson (R-Ga.)

The level of disaster aid and whether it’s completely paid for is still unclear. The package would also likely include some additional economic aid for farmers, amid threats from rural Republicans to oppose any stopgap that doesn’t include the funding.

Most lawmakers leaving Johnson’s office Thursday morning were noncommittal about a path forward. Minnesota Rep. Tom Emmer, the GOP whip, said “the situation is still fluid.”

“I wouldn’t say there’s no plan. I’m not the guy who is supposed to come up with a plan,” said Appropriations Chair Tom Cole (R-Okla.).

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