Government appropriations ran out at midnight Thursday as Republican Sen. This Bill is a BIG VICTORY for our Military, but much waste in order to get Dem votes.
The unexpected turn of events in the Senate underscored the persistent inability of the Republican-controlled Congress and Republican President Donald Trump to deal effectively with Washington's most basic fiscal obligations.
The bill extends government funding through March 23 to keep agencies open while separately raising military and domestic spending by nearly $300 billion over two years financed through borrowed money. I can't.in good faith, just look the other way because my party is now complicit in the deficits.
The House voted 240-186 to approve the bill just before dawn Eastern time, hours after the Senate approved the measure 71-28, with some of Congress' most conservative and liberal lawmakers voting no. Trump signed it as business hours began, and he couldn't resist a dig.
The nonpartisan Committee for a Responsible Federal Budget, analyzing a report from the Congressional Budget Office, said the deal would add a net $320 billion to deficits over a decade, or $418 billion counting the additional interest costs.
"Now we have Republicans hand in hand with Democrats offering us trillion-dollar deficits". Markets barely flinched at the last shutdown in January, but that was before a sell-off that started on January 30 amid concerns about inflation and higher interest rates.
United States stocks plunged on Thursday on heavy volume, throwing off course a almost nine-year bull run. Really who is to blame?
Beyond $300 billion worth of increases for the military and domestic programs, the agreement adds $89 billion in overdue disaster aid for hurricane-slammed Texas, Florida and Puerto Rico, a politically charged increase in the government's borrowing cap and a grab bag of health and tax provisions.
Representative Luis Gutierrez, an Illinois Democrat, urged his party to kill the spending bill unless it also protected young immigrants who were brought to the USA illegally as children and have been shielded under the soon-to-end Deferred Action for Childhood Arrivals program. "It was very disappointing", she said.
These young adults were brought illegally to the country as children years ago, mostly from Mexico. President Trump tweeted at 7:39am Central time. Senate Republicans have promised to hold a separate debate on immigration this month.
Senate and House leaders waited Paul out, and acted as soon as their rules allowed. Jeff Flake, "The problem is the only time we discover bipartisanship is when we spend more money". Ryan hasn't scheduled House consideration, infuriating Democrats, but he said Friday, "We will focus on bringing that debate to this floor and finding a solution".
But Pelosi said Ryan's words fell short, accusing him of not having "the courage to lift the shadow of fear from the lives of" Dreamers who face the prospect of deportation.