House GOP floats new plans to prevent government shutdown with just hours to go WASHINGTON (AP) — Veering toward a midnight government shutdown, House Speaker Mike Johnson is proposing a new plan. It would temporarily fund federal operations and disaster relief for a few months, but punts President-elect Donald Trump demands for a debt limit increase into the new year. House Republicans are meeting Friday behind closed doors on next steps.
Trump doubled-down on his insistence that a debt ceiling increase be included in any deal — and if not, he said in a morning post, let the closures “start now.” Johnson knows there won’t have enough support within the GOP majority to pass any package, since many Republicans prefer to slash federal government. He is talking with Democratic Leader Jeffries, who would be needed for passage.
Trump was poised to inherit a strong economy. Then things got rocky and he added to the uncertainty WEST PALM BEACH, Fla. (AP) — Donald Trump seemed poised to inherit a relatively strong economy when he begins a second term in the White House in January.
Then the Federal Reserve signaled that it would have fewer than expected interest rate cuts next year, sending the stock market tumbling, and Trump added to the uncertainty by blowing up a spending bill that House Speaker Mike Johnson, a Republican, had fashioned. On Thursday, though, Trump was praising a scaled-back version of the bill. In little noticed remarks this week, Federal Reserve Chair.
