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  • 2 months ago
Congressional lawmakers are sparring over how to prevent a government shutdown at the end of the month, according to CNBC. House Speaker Mike Johnson said Republicans want to keep the government open and blamed Democrats for potentially causing a shutdown by rejecting GOP funding proposals. Government funding expires in less than four weeks, and while a stopgap measure is likely, it faces hurdles in the GOP-led House. The White House supports a “clean CR” to extend current funding levels and give lawmakers time to reach a year-end deal. Trump, who previously threatened shutdowns to avoid concessions, is now more open to a short-term funding measure since his “One, Big, Beautiful Bill Act” has become law. Democrats insist on reversing Medicaid cuts from Trump’s package in exchange for providing the votes needed to prevent a government shutdown.

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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Congressional lawmakers are sparring over how to prevent a government shutdown at the end of the month.
00:07That according to CNBC, House Speaker Mike Johnson said Republicans want to keep the government open
00:11and blame Democrats for potentially causing a shutdown by rejecting GOP funding proposals.
00:17Government funding expires in less than four weeks, and while a stopgap measure is likely,
00:21faces hurdles in the GOP-led House.
00:23White House supports a clean CR to extend current funding levels,
00:27gives lawmakers time to reach a year-end deal.
00:28Trump, who previously threatened shutdowns to avoid concessions,
00:32is now more open to a short-term funding measure since his One Big Beautiful Bill Act has become law.
00:37Democrats insist on reversing Medicaid cuts from Trump's package
00:41in exchange for providing the votes needed to prevent a government shutdown.
00:44For all things money, visit Benzinga.com.
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