Posted by on September 18, 2023 7:40 pm
Categories: News The Hill

House GOP fights over shutdown plan


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Business & Economy

Business & Economy


The Big Story 

House conservatives pan GOP deal to prevent shutdown 

Hardline conservatives are tossing cold water on the party’s newly unveiled plan to avert a shutdown, threatening chances of passage in the lower chamber. 

© Greg Nash

The bill features several components designed to lock down support from the party’s various factions.


The measure seeks to cut discretionary spending by roughly 8 percent while also allowing for exemptions for areas like defense, veterans and disaster relief.  


The also includes policies from House Republicans’ signature border bill, which would restart construction of the southern border wall, restrict access to asylum and boost hiring of border agents.


The funding deal was worked out between leaders of the Main Street Caucus and House Freedom Caucus. It is seen as the opening bid by House Republicans as negotiations are expected to pick up. 


But the legislation, which would punt a shutdown and buy time for spending talks, is already facing criticism from conservatives.


“A CR is a continuation of Nancy Pelosi’s budget and Joe Biden’s policies,” Rep. Matt Rosendale (R-Mont.) wrote on X, the platform formerly known as Twitter.  


“We were assured in January that we weren’t going to use the Democrats’ gimmicks to fund government and that we would deliver the 12 appropriations bills,” he continued.


Republican Reps. Andy Biggs (Ariz.), Marjorie Taylor Greene (Ga.), Tim Burchett (Tenn.), Matt Gaetz (Fla.), Ralph Norman (S.C.), Anna Paulina Luna (Fla.), Ken Buck (Colo.), Victoria Spartz (Ind.) and Andy Ogles (Tenn.) have also either said they will vote against the legislation or are leaning against it. 


The Hill’s Emily Brooks and Mychael Schnell have more here.  

Welcome to The Hill’s Business & Economy newsletter, we’re Aris Folley and Taylor Giorno — covering the intersection of Wall Street and Pennsylvania Avenue.

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Essential Reads 

Key business and economic news with implications this week and beyond:

House Republicans are struggling to lock down votes for a proposed stopgap funding measure with less than two weeks left to avoid a government shutdown.

It’s too early to know how the ongoing autoworkers strike will impact the U.S. economy, Treasury Department Secretary Janet Yellen said Monday during an interview with CNBC’s “Squawk on the Street.”

United Auto Workers (UAW) President Shawn Fain said Monday that the White House would not play any role in negotiating a deal to end the union’s strike against the Big Three automakers.

A month after a cyberattack targeted Clorox, the company says its earnings will take some time to rebound from the incident.

The Ticker 

Upcoming news themes and events we’re watching:

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The House Oversight Committee will hold a hearing entitled “Bidenomics: A Perfect Storm of Spending, Debt, and Inflation” on Tuesday at 2 p.m. ET. 

The Federal Open Market Committee (FOMC) will convene Tuesday for its two-day meeting. Federal Reserve Chair Jerome Powell will announce whether the committee votes to pause or hike interest rates on Wednesday at 2 p.m. ET. 

In Other News 

Branch out with more stories from the day:

Norfolk Southern announced new details Monday about its plan to compensate East Palestine residents …

Good to Know 

Business and economic news we’ve flagged from other outlets:

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The Fed Isn’t Getting the Economy It Expected (WSJ

California accuses Big Oil of covering up climate change risks in lawsuit (FT

Billionaire Ken Griffin, former DeSantis donor, on sidelines for GOP presidential primary (CNBC

What Others are Reading 

Top stories on The Hill right now:

House Republicans’ proposed short-term spending bill is facing internal opposition that could sink the measure and complicate the conference’s attempt to show unity in its opening offer to the Senate and White House. Read more

Senate Democrats on Monday moved to suspend the Senate’s rules to advance a stalled government funding bill after Sen. Ron Johnson (R-Wis.) objected to the legislation last week. Read more

What People Think 

Opinions related to business and economic issues submitted to The Hill:

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You’re all caught up. See you tomorrow! 

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