WASHINGTON: Republican US House Speaker Kevin McCarthy on Wednesday (Sep 27) rejected a stopgap funding bill advancing in the Senate, bringing Washington closer to its fourth partial shutdown of the US government in a decade with just four days to go. That would lead to the furlough of hundreds of thousand
WASHINGTON: Republican US House Speaker Kevin McCarthy on Wednesday rejected a stopgap funding bill advancing in the Senate, bringing Washington closer to its fourth partial shutdown of the US government in a decade with just four days to go.
Top Senate Democrat Chuck Schumer said the Senate would hold the next procedural vote on its bill on Thursday, unless senators can reach an agreement that would allow them to vote sooner. The House was expected to vote late into the night on amendments to specific funding bills, though even if all four of those bills were to be signed into law by Saturday, on their own they would not be enough to prevent a partial government shutdown.
The standoff has begun to attract the attention of ratings agencies, with both Moody's and Fitch warning it could damage the federal government's credit-worthiness. "Speaker McCarthy, the only way - the only way - out of a shutdown is bipartisanship," Schumer said in a speech to the Senate."The Border Patrol and ICE agencies have to continue to work for nothing" during a shutdown, the Republican lawmaker told reporters on Wednesday, referring to US Immigration and Customs Enforcement . McConnell added that a solution is not"more likely to happen in the shutdown than with the government open.
McCarthy said House Republicans would probably bring their own stopgap measure to the floor on Friday.The standoff comes four months after Washington flirted with defaulting on the nation's more than US$31 trillion in debt, a move that would have rocked financial markets worldwide.
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