Published: Sat, February 10, 2018
World News | By Laverne Osborne

Congress Working To Avoid Government Shutdown

Congress Working To Avoid Government Shutdown

If it passes, then a partial government shutdown would essentially be avoided before regular business hours resume Friday morning.

And she didn't stop until after 6 p.m.

The Senate on Wednesday reached a bipartisan agreement that would allocate a defense budget of $700 billion in fiscal year 2018 and $716 billion for FY 2019, Defense News reported Wednesday.

"We will bring a solution to the floor - one that the president will sign". But she did not appear to be pushing other Democrats to back her, saying: "Members will do what they'll do".

Defense spending would increase by $80 billion over current law in this fiscal year and $85 billion in the one that begins October 1. As midnight approached, Paul did not relent, bemoaning from the Senate floor what he saw as out-of-control government spending and repeatedly rebuffing attempts by his fellow senators to move ahead with a vote. John Cornyn of Texas, replied "Apparently that has not been closed out".

The agreement provides increases in defense spending sought by Republicans and more money for domestic programs championed by Democrats. He demanded that GOP leaders allow a 15-minute vote on an amendment he crafted to maintain current spending ceilings, but GOP leaders did not seem inclined to give him that vote. "Even though I think there's an intention to take up the issue, I want that intention to be clearly and unequivocally expressed". Instead, Paul said: "I'm also not advocating for keeping the damn thing open and borrowing a million dollars a minute".

Vague Security Linked to Stock Volatility Plunges 80 percent (VIX)
But even as 2018 kicked off with soaring stocks and subdued volatility, signs of complacency in short-vol land had cropped up. It was a theory echoed by Barclays Plc analysts in a research note published after Monday's sharp spike in the VIX.

"I'm just telling people why I'm voting the way I'm voting", she said Thursday. "We had a good conversation".

The call echoes a request from Pelosi on the House floor on Wednesday that Ryan make the same type of commitment his Senate counterpart Mitch McConnell did to hold a neutral immigration debate. We are going to deliver our share of support. "If we have to shut it down because the Democrats don't want safety. let's shut it down". "We'll do a shutdown and it's worth it for our country".

Like the House-passed short-term bill, the Senate measure would fund the government through March 23 while lawmakers fill in the details on longer-term spending. President Donald Trump, who moved to end the Obama-era program past year, has left Congress with a March 5 deadline to come up with a fix.

The measures will not provide a fix for undocumented immigrants brought to the U.S.as children. "They need to do their job now when it comes to national security".

The bottom line: The House, which passed a stopgap spending bill Tuesday, could still reject this deal, unleashing a chaotic scramble to keep the government running, but with midterm elections looming, enough lawmakers from both sides are likely to line up behind the deal and end the prospect of further shutdown drama. The deal raises those caps, which were set by a 2011 law, by about $300 billion through fiscal 2019, which ends September 30, 2019.

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