Premium Invest Hub
  • Investing
  • Stock
  • Latest News
  • Editor’s Pick
  • Economy
Popular Topics
  • Occupied West Bank rocked by day of violence as gunmen kill three Israeli settlers and reprisal attacks reported
  • Azerbaijan’s leader accuses Russia of passenger jet crash ‘cover up’ in blistering new attack on neighbor
  • Spanish woman killed by elephant in Thailand while bathing animal, police say
  • US adds Chinese tech giants to list of companies allegedly working with China’s military
  • Bad news for homebuyers in the Northeast and Midwest

    Sign up for our newsletter to receive the latest insights, updates, and exclusive content straight to your inbox! Whether it's industry news, expert advice, or inspiring stories, we bring you valuable information that you won't find anywhere else. Stay connected with us!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    Premium Invest Hub
    • Investing
    • Stock
    • Latest News
    • Editor’s Pick
    • Economy
    • Latest News

    Conservatives revolt against Johnson-Schumer deal to avoid government shutdown: ‘Worse than we thought’

    • January 9, 2024

    Republican hardliners in the House of Representatives are pushing back against the bipartisan deal struck on Sunday aimed at avoiding a government shutdown.

    The conservative House Freedom Caucus led the revolt against Speaker Mike Johnson, R-La., and Senate Majority Leader Chuck Schumer’s agreement on Sunday evening, recirculating a late December memo that said any funding topline higher than $1.59 trillion would be ‘totally unacceptable.’

    ‘It’s even worse than we thought,’ the group posted on X. ‘Don’t believe the spin. Once you break through typical Washington math, the true total programmatic spending level is $1.658 trillion — not $1.59 trillion.’

    The statement called the deal a ‘total failure.’

    Previous GOP rebellions in the spending fight have seen conservative lawmakers intentionally tank their own party’s procedural votes, effectively delaying government funding bills from getting to the floor.

    But Congress is working on a major time crunch, with federal funding expiring for some agencies on Jan. 19 and all others on Feb. 2. 

    They’re also operating on a two-seat majority for most of this month, after Majority Leader Steve Scalise, R-La., announced Friday that he would be recovering from cancer-related treatment for most of January.

    That means House leadership will likely have to put any spending bills up under suspension, which would bypass the procedural hurdle but raise the threshold for passage to two-thirds of the chamber rather than a simple majority.

    It’s all but assured that any final appropriations bills will need Democratic support to pass the House.

    Both Reps. Marjorie Taylor Greene, R-Ga., and Tim Burchett, R-Tenn., said they were against the agreement.

    ‘I’m currently a no,’ Burchett said on Fox Report. ‘I’d like to see some real cuts…and maybe cut back on all the…spending that we’ve been doing. And until we do that, we are we are falling off a fiscal cliff.’

    Greene wrote on X, ‘I am a NO to the Johnson Schumer budget deal. This $1.6 Trillion dollar budget agreement does nothing to secure the border, stop the invasion, or stop the weaponized government targeting Biden’s political enemies and innocent Americans. So much for the power of the purse!’

    Johnson and Schumer, D-N.Y., both claimed victory when announcing they had agreed on what level to fund the government at for the remainder of fiscal year 2024. Their plan would set a statutory topline of $1.59 trillion, the same level Schumer set with ex-Speaker Kevin McCarthy, R-Calif., as part of negotiations to raise the debt limit last spring. 

    The updated plan would also factor in most of a $69 billion side deal made between McCarthy and President Biden. Johnson said he negotiated an added $16 billion in spending cuts this year to offset that.

    Rep. Chip Roy, R-Texas, on X called the agreed-upon spending level ‘terrible,’ adding that it ‘gives away the leverage accomplished in the (already not great) caps deal’ between McCarthy and Biden, the Fiscal Responsibility Act.

    But a GOP aide pushed back against that notion on Sunday night, telling Fox News Digital, ‘This deal has the same levels of spending as the [Fiscal Responsibility Act] deal except with billions more in cuts. Republicans put the screws to Democrats one more time.’

    The House is formally back from the holidays on Jan. 9.


    This post appeared first on FOX NEWS
    Related Topics
    • Featured

    Previous Article
    • Investing

    South Korean Lawmaker: Top Crypto Exchanges ‘Neglect Responsibilities’

    • January 9, 2024
    View Post
    Next Article
    • Latest News

    House GOP says Hunter Biden ‘violated federal law’ by defying subpoena, prepare contempt resolution

    • January 9, 2024
    View Post

      Sign up for our newsletter to receive the latest insights, updates, and exclusive content straight to your inbox! Whether it's industry news, expert advice, or inspiring stories, we bring you valuable information that you won't find anywhere else. Stay connected with us!


      By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

      Popular Topics
      • Occupied West Bank rocked by day of violence as gunmen kill three Israeli settlers and reprisal attacks reported
      • Azerbaijan’s leader accuses Russia of passenger jet crash ‘cover up’ in blistering new attack on neighbor
      • Spanish woman killed by elephant in Thailand while bathing animal, police say
      • US adds Chinese tech giants to list of companies allegedly working with China’s military
      • Bad news for homebuyers in the Northeast and Midwest
      Copyright © 2025 premiuminvesthub.com | All Rights Reserved
      • About us
      • Contact us
      • Privacy Policy
      • Terms & Conditions

      Input your search keywords and press Enter.