In what often appears to be an ongoing saga with US government spending the US House of Representatives has rejected a funding measure endorsed by Donald Trump, heightening the likelihood of a government shutdown this weekend of December 2024. This full article for subscribers is our advice on what to do so it does not adversely impact your portfolio.
The revised spending bill failed to secure the two-thirds majority required in Congress’s lower chamber, with 38 Republicans breaking ranks to vote against it on Thursday night, defying the president-elect.
This setback follows Trump’s rejection of a bipartisan funding deal negotiated between Republican House leadership and Democrats, a decision driven in part by public criticism from tech magnate Elon Musk.
After the bill was defeated 174-235, Republican House Speaker Mike Johnson pledged to present a new solution before the current government funding expires at midnight on Friday.
The Defeated ...
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