House of Representatives Republicans aim to release a stopgap measure to avert a partial government shutdown on Saturday, the morning after the Moody's credit agency lowered its outlook on the government's credit ratings to 'negative.'A knowledgeable source, who spoke on...
House of Representatives Republicans aim to release a stopgap measure to avert a partial government shutdown on Saturday, the morning after the Moody's credit agency lowered its outlook on the government's credit ratings to "negative."
U.S. House Speaker Mike Johnson has spent days in talks with members of his slim 221-212 Republican majority about several CR options. The Republican-controlled House and Democrati-led Senate must agree on a vehicle that President Joe Biden can sign into law before current funding expires on Nov. 17.
The U.S. recorded a $1.7 trillion deficit last year - the largest outside of the worst of the COVID-19 pandemic - and rising interest rates mean that the cost of servicing that debt will continue to grow. With a potential shutdown only days away, some Republicans have called for a "clean" CR that would run to mid-January and have no spending cuts or conservative policy riders that Democrats oppose.
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