GOP breaks debt ceiling deal to cut billions of dollars in spending and sets up a possibility of government shutdown in fall.
GOP breaks debt ceiling deal to cut billions of dollars in spending and sets up a possibility of government shutdown in fall.
House Republicans are plowing forward with plans to mark up their funding bills at lower levels than the limits agreed upon with Democrats just weeks ago, teeing up what could be a nasty spending b…
House Republicans are plowing forward with plans to mark up their funding bills at lower levels than the limits agreed upon with Democrats just weeks ago, teeing up what could be a nasty spending b…
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I guess I'm pretty ignorant in that I thought the bill passed last week kicked this can down the road for two years. How are we talking shutdown again already? What's the difference?
I'm oversimplifying here, but the news media generally uses terms like "government shutdown" or just "shutdown" to describe battles over proposed appropriations in the annual budget for the coming year and terms like "default" while talking about debt ceiling crises, which have to do with money that has already been appropriated/spent in previous budgets. The two year suspension is supposed to apply to the debt ceiling, which means that it should, in theory, stop potential default crises during that time, but that debt ceiling suspension is separate from negotiations over future appropriations, so it won't necessarily stop a shutdown.
The bill we passed was for the debt ceiling, and among other provisions, it contained an agreement on the spending bill, the one currently in dispute. The dispute here is that they're throwing out that agreement, immediately.
No faith but bad faith.