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Will Musk's Cuts Spark a Government Shutdown? Tensions Rise Ahead of March 14 Deadline
Saturday, March 1, 2025 - 12:30pm | 505Senior Republicans are reportedly exploring the idea of including cuts made by Elon Musk’s Department of Government Efficiency (DOGE) in an upcoming government funding bill, dramatically increasing the potential for a government shutdown. This strategy, which is still under discussion, could...
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Johnson Averts Shutdown But Faces Growing Pressure From Right
Saturday, December 21, 2024 - 4:45pm | 483House conservatives are pressuring Speaker Mike Johnson after a rocky week of negotiations and infighting over a government spending bill. Johnson, who narrowly avoided a government shutdown, now faces intense scrutiny from his party with a speakership vote looming in two weeks, reports Politico....
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Why Trump Wants Debt Ceiling Killed Before He Takes Office
Saturday, December 21, 2024 - 12:30pm | 481The debt ceiling has become a central point of contention in Washington this week, disrupting year-end government funding talks that were resolved early Saturday. What Happened: President-elect Donald Trump has called for either raising or completely eliminating the borrowing limit, a move that...
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Senate Avoids Shutdown With Last-Minute Deal Amid Trump's Debt Ceiling Demands
Saturday, December 21, 2024 - 10:00am | 516Facing a looming government shutdown, the Senate moved swiftly on Saturday to pass a bipartisan bill that temporarily funds federal operations and provides disaster aid. What Happened: The House, led by Speaker Mike Johnson, overwhelmingly approved the legislation, 366-34, before the Senate passed...
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McCarthy's Ouster Amplifies Congressional Tensions, Goldman Sachs Anticipates Q4 Shutdown
Wednesday, October 4, 2023 - 9:49am | 660The House of Representatives voted to remove Kevin McCarthy from his role as speaker Tuesday, marking a historic moment in U.S. politics. This move came after eight Republicans crossed party lines to join Democrats in the ousting, following an initiative led by Rep. Matt Gaetz (R-Fla.). Rep....
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McCarthy Unfazed By Attempts By Hardline Republicans To Oust Him: 'I'll Survive'
Sunday, October 1, 2023 - 9:05pm | 483The role of U.S. House Speaker Kevin McCarthy (R-Calif.) is in jeopardy, as a member of his own party calls for his ouster following his endorsement of a temporary government funding bill. What Happened: As reported by Reuters, Republican heavyweight McCarthy voiced his confidence on Sunday that he...
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Ex-Trump Adviser Stephen Miller Expresses Discontent Over Government Funding Extension: 'Disable This Corrupt Government'
Sunday, October 1, 2023 - 8:44pm | 601The recent governmental funding extension has stirred a wave of criticism, including from former Trump adviser, Stephen Miller. He expressed his discontent regarding the extension on Sunday. What Happened: Miller voiced his dissatisfaction with Congress’ decision to avert a shutdown and...
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Trump Demands Legal Action Against Rep. Bowman For Fire Alarm Incident: 'Horrible Display Of Nerve And Criminality'
Sunday, October 1, 2023 - 8:21pm | 633Following the incident of Rep. Jamaal Bowman (D-N.Y.) triggering a fire alarm, former President Donald Trump has called for legal action. The ex-president deemed Bowman’s actions as ‘egregious’ and deserving of imprisonment. What Happened: As reported by The Hill, Trump aired his...
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What A Government Shutdown Could Mean For You
Saturday, September 30, 2023 - 4:54pm | 710In a nail-biting development amid fears of a government shutdown, the House has passed a bipartisan bill, narrowly averting the blackout as the midnight deadline looms. The latest move paves the way for a Senate vote to fund the U.S. federal government for an additional 45 days. House Speaker...
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Stocks, Bonds Shaken By September Turbulence Ahead Of Government Shutdown Deadline: The Week In The Markets
Friday, September 29, 2023 - 4:13pm | 1012The U.S. stock market has weathered its toughest month of the year, with September adhering to its typical negative seasonality in terms of risk sentiment. Both the SPDR S&P 500 ETF Trust (NYSE:SPY) and the Nasdaq-related Invesco QQQ Trust (NASDAQ:QQQ) closed 5% lower this month. Bonds Sell...
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IRS Faces Massive Furloughs, Threatening Crucial Tax Services Amid Possible Government Shutdown
Thursday, September 28, 2023 - 9:16pm | 651The Internal Revenue Service (IRS) is girding up for massive furloughs that could hamper important taxpayer services, as the threat of a government shutdown looms large. What Happened: The IRS plans to furlough a sweeping majority of its workforce, around 60,000 employees, if the government shuts...
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Government Shutdown Fallout: FEMA's $8B Funding Freeze To Hamper Disaster Recovery
Thursday, September 28, 2023 - 8:13pm | 616In response to the impending government shutdown, the Federal Emergency Management Agency (FEMA) has announced plans to withhold $8 billion in disaster recovery funds, impacting 27 states and territories. What Happened: FEMA will withhold disaster aid until Congress replenishes its funds. This move...
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US State Department Preps For Possible Government Shutdown
Thursday, September 28, 2023 - 4:39pm | 460The U.S. State Department has been actively planning for a possible government shutdown, said spokesperson Matthew Miller on Thursday. According to Reuters, the State Department has been engaging in contingency planning for several days. The focus of these plans is to identify the...
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Lockheed Martin Faces Steepest Monthly Drop In 3 Years As Government Shutdown Looms
Tuesday, September 26, 2023 - 5:01pm | 715Lockheed Martin Corp. (NYSE:LMT) shares are enduring their most challenging month since January 2021, witnessing a decline of approximately 9% month-to-date as of Sept. 26. The security and aerospace company faces mounting pressure due to the looming risk of a U.S. government shutdown that could...
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McCarthy Under Pressure As Clock Ticks To Avert Shutdown: Treasury Yields Mirror Market Jitters
Tuesday, September 26, 2023 - 3:23pm | 653As the clock ticks toward an Oct. 1 deadline to avoid a shutdown, the U.S. government is grappling with political brinkmanship that threatens to disrupt federal funding. Senate negotiators from both sides of the aisle are inching closer to a short-term spending agreement aimed at averting a...