Free Trial

US: House Rules Cmtte To Meet Shortly To Consider Govt Funding Measure

US

The House Rules Committee is scheduled to gavel in shortly for a session that includes voting to advance House Speaker Mike Johnson's (R-LA) full-year stopgap funding measure. Hearing live stream. Although House Minority Leader Hakeem Jeffries (D-NY) issued a whip notice on Saturday urging House Democrats to vote down the bill, the baseline expectation is that Johnson will find sufficient support in the House to pass the package along party lines.

  • Johnson’s 99-page bill, which would extend funding through September 30, is less ‘clean’ than many Democrats were expecting. It reauthorises government funding at Biden-era levels, includes roughly USD$6 billion in new spending for border security, and cuts non-defence spending by USD$13 billion.
  • Notus reports: “Overall, the legislation reduces spending by $8 billion, though it doesn’t codify any of the cuts made by Elon Musk’s Department of Government Efficiency.”
  • Should it pass the House, the package will then be passed to the Senate where Majority Leader John Thune (R-SD) will need to find at least eight Democrat Senators willing to back the measure.
  • Punchbowl notes: “It doesn’t feel like a shutdown is going to happen, although there’s still a chance because, well, this is Congress. Every time we think we’ve reached new levels of silliness, lawmakers up the ante.”
207 words

To read the full story

Close

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.

The House Rules Committee is scheduled to gavel in shortly for a session that includes voting to advance House Speaker Mike Johnson's (R-LA) full-year stopgap funding measure. Hearing live stream. Although House Minority Leader Hakeem Jeffries (D-NY) issued a whip notice on Saturday urging House Democrats to vote down the bill, the baseline expectation is that Johnson will find sufficient support in the House to pass the package along party lines.

  • Johnson’s 99-page bill, which would extend funding through September 30, is less ‘clean’ than many Democrats were expecting. It reauthorises government funding at Biden-era levels, includes roughly USD$6 billion in new spending for border security, and cuts non-defence spending by USD$13 billion.
  • Notus reports: “Overall, the legislation reduces spending by $8 billion, though it doesn’t codify any of the cuts made by Elon Musk’s Department of Government Efficiency.”
  • Should it pass the House, the package will then be passed to the Senate where Majority Leader John Thune (R-SD) will need to find at least eight Democrat Senators willing to back the measure.
  • Punchbowl notes: “It doesn’t feel like a shutdown is going to happen, although there’s still a chance because, well, this is Congress. Every time we think we’ve reached new levels of silliness, lawmakers up the ante.”