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Free AccessFox Primer On Today's House 'Rule Vote'
Chad Pergram at Fox News tweets a lengthy but useful thread on the Democrat efforts to win a rule vote in the House later today: :
- "House Democrats appear to have forged a temporary compromise which they believe will enable them to adopt a budget measure for the $3.5 trillion social spending bill. The House Rules Committee has now tucked into the "rule" to handle the budget measure a non-binding promise that the House will vote on the bipartisan, Senate infrastructure bill by September 27th."
- "A coalition of ten House Democratic moderates had balked and threatened to vote against the "rule" which would bring the budget measure to the floor – unless the House voted on the infrastructure bill first. Democrats can only lose three votes on their side & still pass things. "(The moderates) were looking for a way out of this," said one senior House leadership aide. "And we were trying to help them do it."
- "In the next couple of hours, the House will debate the "rule" for the budget plan. A "rule" is necessary before bringing legislation to the floor in the House. It establishes the parameters of debate. However, in an effort to help convince moderate Democrats to vote yes, the Democratic leadership is deploying a parliamentary gambit known as "deem and pass."
- "As the House votes on the "rule" to set up debate on the John Lewis voting rights bill, the House will simultaneously "deem" the budget as "passed." There is no separate vote on the budget measure itself. Everything is taken care of in one fell swoop. This is a rare, but sometimes used parliamentary artifice to get the House to approve controversial measures. To be clear, the House is NOT approving the $3.5 trillion social spending plan today. Today's plan simply sets that process in motion. The actual bill probably won't be ready until September."
- "Secondly, the only reason the House needs to adopt a budget is so that the Senate may avoid a filibuster and approve the social spending package via a special process known as budget reconciliation. The Senate can't use that parliamentary tool to avoid a filibuster if no budget is in place. Thus, the reason the House needs to approve a budget framework. When asked by Fox if this would be wrapped up today, House Majority Leader Steny Hoyer (D-MD) said there were "a lot of moving parts." Hoyer added that he told members "I want them out of here today."
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.