US politics - House Republicans are now expecting a government shut down
Axios with the report, in brief:House Republicans have shifted from optimistically cautious to expecting a government shutdownHouse Speaker Mike Johnson will have to choose in coming weeks between a fight with Democrats that threatens a shutdown, or a deal with Democrats that threatens his job.The government will start a partial shutdown unless a budget or spending stopgap is passed by March 1. It will go into a full shutdown if there's not a budget or stopgap by March 8. The key date is April 30. If there's not a new budget by then, it will trigger a 1% across-the-board spending cut. Democrats won't back a stopgap bill beyond this.As the old saying goes, never stand between a man and his paycheck. Johnson wants his, and is prepared to sacrifice government workers for it. Priorities. This article was written by Eamonn Sheridan at www.forexlive.com.
Axios with the report, in brief:
- House Republicans have shifted from optimistically cautious to expecting a government shutdown
- House Speaker Mike Johnson will have to choose in coming weeks between a fight with Democrats that threatens a shutdown, or a deal with Democrats that threatens his job.
- The government will start a partial shutdown unless a budget or spending stopgap is passed by March 1.
- It will go into a full shutdown if there's not a budget or stopgap by March 8.
- The key date is April 30. If there's not a new budget by then, it will trigger a 1% across-the-board spending cut. Democrats won't back a stopgap bill beyond this.
As the old saying goes, never stand between a man and his paycheck. Johnson wants his, and is prepared to sacrifice government workers for it. Priorities. This article was written by Eamonn Sheridan at www.forexlive.com.
