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House Passes Temporary Funding To Operate Through January 19

Update: Right before ending the session and heading off for a well-deserved holiday, the House passed an $81 billion disaster-relief package in a 251-169 vote. The bill was surprisingly controversial – in part due to the enormous sum being authorized. According to Politico, the fate of the aid package is far from assured in the […]


Shutdown Averted: House Approes 2-Week Extension Of Goverment Funding

Update (5 pm ET): Despite a laundry list of demands from Democrats and Republicans who appeared ready to cut off government funds, a majority of the House has voted to approve a two-week extension of government spending, a major legislative achievement that will allow Republicans to focus on their top priority: Passing comprehensive tax reform. […]


Shutdown Averted For Now: House Approves 2-Week Extension Of Government Funding

Update (5 pm ET): And so the can has been kicked again, if only for only 2 weeks. Despite a laundry list of demands from Democrats and Republicans who appeared ready to cut off government funds, a majority of the House has voted to approve a two-week extension of government spending, a modest legislative achievement […]


Government On Verge Of Shutdown As Democrats Refuse To Support Stopgap Plan

In an announcement that brings the federal government to the verge of a weekend shutdown, Nancy Pelosi said Democrats won’t support a Republican bill for a two-week funding extension because almost none of their demands have been met. Meanwhile, Speaker Paul Ryan says he feels confident about the vote count for the Republican’s short-term extension […]


House Set To Vote On Stopgap Spending Bill Tomorrow

Update (5:30 pm ET): House Republicans are moving ahead with a plan to avoid a shutdown after the House Rules Committee approved a rule change that will allow Republicans to bring a two-week stopgap plan up for a floor vote Thursday, allowing the senate until end-of-day Friday to avoid a shutdown. The plan helped Speaker […]


Shutdown Imminent? Bitter Divisions Remain As Lawmakers Scramble To Pass Funding Bill

Lawmakers are just two days away from the expiration of the continuing resolution that's been funding the government for the last two months, and yet many battles over a host of intractable issues are still being fought. At this point, passing something by midnight Friday – when the continuing resolution expires -is looking increasingly problematic. […]


Schumer, Pelosi Will Meet With Trump To Negotiate Government Funding One Day Before Shutdown

After last week’s snub, when Nanci Pelosi and Chuck Schumer pulled out of a meeting scheduled with Trump when the president tweeted that he was sitting down with “Chuck and Nancy” but that he didn’t “see a deal”, it appears that there has been no bad blood between the president and the top Democrats, because […]


Republicans Furious As Trump Sides With Democrats On Debt Limit Extension

It appears President Trump has found a new ally in Congress: the Democrats whose plan – derided earlier by Paul Ryan – to keep any 'fix' for the debt-ceiling, short-term; was approved over the Republicans' howls of objection. As The Hill reports, President Trump agreed with top congressional Democrats at a White House meeting to […]


Republicans Furious As Trump Sides With Democrats On Short-Term Debt Limit Extension

It appears President Trump has found a new ally in Congress: the Democrats whose plan – derided earlier by Paul Ryan – to keep any 'fix' for the debt-ceiling, short-term; was approved over the Republicans' howls of objection. As The Hill reports, President Trump agreed with top congressional Democrats at a White House meeting to […]


Trump Asks That $8 Billion Harvey “Down Payment” Be Added To Debt-Ceiling Bill

Shortly after President Trump backed away from his demand that $1.6 billion in funding for his border wall be included in a continuing-resolution bill to avert a government shutdown, the White House late Friday sent a request for $8 billion in emergency funding for the Hurricane Harvey cleanup effort, and asked that the money be […]


Harvey Destruction Prompts Goldman To Cut Government Shutdown Odds

Having in recent weeks boosted his estimate for government shutdown odds to even, or 50%, in a note overnight from Goldman’s Jan Hatzius, the bank’s chief economists writes that due to the human tragedy from Hurricane Harvey, the odds of a shutdown have been again reduced, back to Goldman’s original estimate of 33%. According to […]


A Look At US Government Shutdowns Since 1976

Investors and politicians are getting increasingly worried about a potential US government shutdown. Earlier we showed that following a report by Axios which quoted a republican who put the chance of a shutdown “as high as 75%”, the T-Bill market got spooked, and pushed the Oct.12 Bill – the one considered closest to the Treasury’s […]