Connect with us

Hi, what are you looking for?

Your Retire Invest

Editor's Pick

Democrats Blaming Republicans? Shutdown Showdown Looms!

As the deadline for Congress to pass a spending bill loomed, Republicans have been doing all they can to avoid the blame for a shutdown. Acknowledging the increase in spending that President Trump asked for, and their limited ability to control the spending, Republicans worked up to the last minute in hopes of a deal that both sides could agree to.

House Speaker Paul Ryan and Senate Majority Leader Mitch McConnell tried to bridge the funding gap between the partisan sides while still appeasing the president’s demands. Conservative House Freedom Caucus members opposed the deal insisting on cuts that Democrats, and especially Senate Democrats, would not accept. In the end, the two sides failed to find an agreement and the government shut down.

The blame game began immediately with House Democrats pressing for a vote on a clean funding bill to reopen the government and Republicans demanding additional funding for increased border security, highlighting that a lot of individuals are still very much preoccupied with matters outside of the budget.

To further complicate matters, there have been reports that President Trump is leaning toward ending the Deferred Action for Childhood Arrivals (DACA) program in March. If that happens, the potential for the collision of a major immigration push by the president and the end of a continuing resolution could make a prolonged, or even more frequent, shutdowns more likely in the future.

The current shutdown has been characterized by the inability to come to a two-party compromise on economic and immigration policies that both sides can agree on. This highlights the worrying gridlock that continues to affect the legislative process in Washington. Despite Republicans’ best efforts to minimize the consequences and take the heat off of them and the president, they have been the ones to get the blame as the clock ran out.

You May Also Like

Editor's Pick

Controversy ensued recently when a vocal group within the Republican party (in the United States) began to make the argument that the Speaker position,...

Stock

In this edition of StockCharts TV‘s The Final Bar, Dave shows how breadth conditions have evolved so far in August, highlights the renewed strength in the...

Top News

Intensified aerial strikes in and around the Hamas-controlled Gaza Strip have been met with retaliatory releases of Israeli hostages by the militant organization. On...

Economy

In an effort to promote stronger loyalty among customers, Delta Air Lines has recently announced changes that will make it more difficult to earn...

Disclaimer: YourRetireInvest.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2024 YourRetireInvest. All Rights Reserved.