House Minority Leader Hakeem Jeffries has stated that Democrats will accept only a clean continuing resolution.
House Speaker Mike Johnson is considering a 'ladder' CR or 'two-step' spending bill as one of the options.
Moody's credit agency lowered its outlook on the government's credit ratings to 'negative' due to political polarization in Congress and the U.S.'s $1.7 trillion deficit last year.
There are sharp divisions among House Republicans over spending bills, leading to the pulling of two spending bills.
U.S. House Republicans are working on a stopgap measure to prevent a potential government shutdown.
U.S. House Republicans are working on a stopgap measure to prevent a potential government shutdown, following Moody's credit agency's decision to lower its outlook on the government's credit ratings to 'negative'. The agency cited political polarization in Congress and the U.S.'s $1.7 trillion deficit last year as factors in its decision. The cost of servicing this debt is expected to grow due to rising interest rates.
The release of the continuing resolution is still uncertain, as is its form. House Speaker Mike Johnson has been discussing several options with his Republican majority. One option being considered is a 'ladder' CR or 'two-step' spending bill, which would extend government funding for some government agencies to one date, and separate out others and set a different date for stopgap funding for those.
However, there are sharp divisions among House Republicans over spending bills. Two spending bills, the Transportation and Housing funding bill and the Financial Services and General Government funding measure, were pulled due to opposition from Republicans. The party's right flank has been blocking partisan funding plans, while centrists who previously complied with these demands under former Speaker Kevin McCarthy are now resisting under Johnson.
House Minority Leader Hakeem Jeffries has made clear Democrats will accept only a clean continuing resolution. The fate of the Biden administration's $106 billion supplemental request for aid to Israel, Ukraine, the southern border, and Taiwan is still unclear. House Republican leaders plan to set a vote as early as next Tuesday on their funding bill.
Two spending bills were pulled from the floor due to disagreements on spending and policy items.
The party's right flank has been blocking partisan funding plans, while centrists who previously complied with these demands under McCarthy are now resisting under Johnson.
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The article presents a negative portrayal of the Republican party's internal struggles, potentially indicating a bias against the party.
Moody's lowered its outlook on the nation's credit due to repeated standoffs.
The last major credit ratings agency to maintain a top 'AAA' rating on the U.S. government changed its outlook to 'negative' from 'stable'.
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Johnson cited the outlook change as "the latest example of the failure of President Biden and Democrats' reckless spending agenda."
"Moody's decision to change the U.S. outlook is yet another consequence of congressional Republican extremism and dysfunction," White House spokesperson Karine Jean-Pierre said.
The Transportation and Housing funding bill and the Financial Services and General Government funding measure were pulled due to opposition from Republicans.
One option being considered is a 'ladder' CR or 'two-step' spending bill, which would extend government funding for some government agencies to one date, and separate out others and set a different date for stopgap funding for those.