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US Senate Faces New Test on Ukraine Aid Bill
  + stars: | 2024-02-11 | by ( Feb. | At A.M. | ) www.usnews.com   time to read: +3 min
The legislation needs 60 votes to overcome a procedural hurdle and continue toward Senate passage in the coming days. The Latest Photos From Ukraine View All 91 ImagesVoting is expected to begin around 1 p.m. EST (1800 GMT). Senate Republicans believe bipartisan passage would help stir support among Republicans in the House. The bill includes $61 billion for Ukraine, $14 billion for Israel in its war against Hamas, and $4.83 billion to support partners in the Indo-Pacific, including Taiwan, and deter aggression by China. "Nevertheless, the Senate will keep working on this bill until the job is done."
Persons: David Morgan WASHINGTON, Joe Biden, Mike Johnson, Johnson, Todd Young, Young, Chuck Schumer, Mitch McConnell, Schumer, David Morgan, Scott Malone, Daniel Wallis Organizations: Senate, Republicans, Republican, Representatives, Democratic, Friday, Indiana Republican, Israel, Hamas, West Bank Locations: U.S, Ukraine, Israel, Taiwan, Gaza, Kyiv, China, Mexico
Ukraine Aid Bill Inches Forward in US Senate
  + stars: | 2024-02-09 | by ( Feb. | At P.M. | ) www.usnews.com   time to read: +2 min
By David MorganWASHINGTON (Reuters) - The U.S. Senate on Friday edged closer to passing a bill that includes $95.34 billion in aid for Ukraine, Israel and Taiwan, but faces an uncertain path to becoming law due to Republican opposition in both chambers of Congress. War in Israel and Gaza View All 206 ImagesIn Friday's vote, the bill cleared a simple majority threshold with 14 Republicans supporting the measure. The Latest Photos From Ukraine View All 91 ImagesMany Republicans want to make a deal with Senate Majority Leader Chuck Schumer, a Democrat, to allow amendments to the legislation in exchange for quicker action. Republicans had insisted that Ukraine aid be accompanied by provisions to secure the U.S.-Mexico border, only to reject a bipartisan border agreement once former President Donald Trump, the party's presidential frontrunner, came out against the deal. Johnson spoke a day after the House rejected a stand-alone aid bill for Israel.
Persons: David Morgan WASHINGTON, Chuck Schumer, Donald Trump, Mike Johnson, Johnson, I've, David Morgan, Richard Cowan, Jonathan Oatis Organizations: U.S, Senate, Republicans, Democrat, Republican, Representatives Locations: Ukraine, Israel, Taiwan, Gaza, Mexico, United States
But the legislation already faces substantial opposition from Republicans in the Senate and the House of Representatives who are aligned with Donald Trump, the frontrunner for the Republican presidential nomination. "We cannot simply shirk from our responsibilities just because the task is difficult," Schumer said on the Senate floor. "These challenges at the border and Ukraine and the Middle East are just too great." The U.S. Border Patrol arrested about 2 million migrants at the border in fiscal-year 2023, similar to record-breaking totals during Biden's first two years in office. "From what we've heard, this so-called deal does not include transformational policy changes that are needed to actually stop the border catastrophe," Johnson said.
Persons: David Morgan, Makini Brice WASHINGTON, Donald Trump, Kyrsten Sinema, Trump, Chuck Schumer, shirk, Schumer, Joe Biden, Biden, Biden's, Mike Johnson, we've, Johnson, Dan Crenshaw, that's, Crenshaw, Makini Brice, Katharine Jackson, Scott Malone, Matthew Lewis Organizations: Senate, Republicans, Republican, White House, Hamas, Democrat, U.S . Border Patrol, Immigration, Reuters Locations: U.S, Mexico, Ukraine, Israel, Arizona, Gaza, United, Texas, WashingtonEditing
"Those individuals have now overplayed their hand," said Republican Representative Greg Murphy, a member of the Republican Study Committee conservative caucus. They now find themselves boxed out on spending, at a time when the nation's debt has surpassed $34 trillion. "At the end of the day, we control one-half of one branch of government, and we're working against Senate Democrats, House Democrats -- to be honest, Senate Republicans -- and the White House," said Representative Kelly Armstrong. And in November, the number of Republican voting against reached 93 on Johnson's initial stopgap spending bill. "I have no doubt that our wonderful Speaker of the House, Mike Johnson, will only make a deal that is PERFECT ON THE BORDER."
Persons: David Morgan WASHINGTON, Chuck Schumer, Mike Johnson, Johnson, Greg Murphy, Joe Biden, Kevin McCarthy, McCarthy, Bob Good, Dan Bishop, Kelly Armstrong, Schumer, Bishop, Andy Biggs, McCarthy's, Jared Moskowitz, Biggs, Donald Trump, Trump, David Morgan, Makini Brice, Scott Malone, Daniel Wallis Organizations: Republicans, U.S . House, Democratic, Republican, Caucus, North Carolina Republican, Senate, White, Senate Democrats, House Democrats, New York Democrat, Republican Party, Freedom Caucus Locations: Mexico, U.S, Ukraine, Israel, Gaza
WASHINGTON, Nov 29 (Reuters) - The U.S. House of Representatives is expected to vote on Friday on whether to expel scandal-plagued Republican George Santos, who faces criminal corruption charges and new accusations that he misspent campaign money, according to Republican aides. The motion requires a two-thirds majority in the House, which Republicans control by a narrow 222-213 majority. Santos' district, which includes a small slice of New York City and some of its eastern suburbs, is seen as competitive. The bipartisan Ethics Committee on Nov. 16 released a report on allegations that Santos committed campaign finance fraud. A vote on Nov. 1 to expel Santos failed because Republicans need Santos' seat to protect their narrow House majority, which empowers them to block much of Democratic President Joe Biden's legislative agenda.
Persons: Republican George Santos, Santos, Mike Johnson, Johnson, George Santos, Elizabeth Frantz, Hermes, Joe, Goldman Sachs, Katharine Jackson, Makini Brice, Scott Malone, Andy Sullivan, Grant McCool, Jonathan Oatis, Daniel Wallis Organizations: U.S . House, Republican, U.S . Rep, U.S, Capitol, Democratic, Representatives, REUTERS, Justice Department, Citibank, New York University, Thomson Locations: New York City, New York, Washington , U.S, OnlyFans
[1/2] Former U.S. President Donald Trump shakes hands with Texas Governor Greg Abbott at a briefing on security at the U.S. southern border with Mexico in Weslaco, Texas, U.S. June 30, 2021. We need a president who's going to secure the border," Abbott said. "You're not going to have to worry about the border anymore, governor ... you're not going to have to worry about the border in Texas or Arizona or anywhere else." Since Biden took office in 2021, U.S. border agents have made more than 5 million arrests of migrants making irregular crossings - not through a controlled border station - over the U.S.-Mexico border. But he has struggled with record levels of migrants caught crossing the U.S.-Mexico border illegally.
Persons: Donald Trump, Greg Abbott, Brandon Bell, Republican Donald Trump, Trump, Joe Biden, Abbott, who's, Biden, David Morgan, Jasper Ward, Scott Malone, Bill Berkrot, Chris Reese Organizations: U.S, Texas, Republican, Democratic, Texas National Guard, Texas Department of Public Safety, Trump, Lone Star, Thomson Locations: U.S, Mexico, Weslaco , Texas, Edinburg , Texas, Biden's, United States, America, Texas, Arizona, Cuba, Haiti, Nicaragua, Venezuela, Mexican, Washington
WASHINGTON, Nov 19 (Reuters) - A deal to secure the release of some of the hostages held in Gaza by Hamas militants is closer than ever in the Islamist group's war with Israel, a White House official said on Sunday. "What I can say at this point is that some of the outstanding areas of disagreement, in a very complicated, very sensitive negotiation, have been narrowed," Finer told NBC's "Meet the Press" program. "I believe we are closer than we have been in quite some time, maybe closer than we have been since the beginning of this process, to getting this deal done," he added. "We're talking about considerably more than 12 (hostages)," Finer told NBC. On Saturday, Israel warned civilians in parts of southern Gaza to relocate as it girds for an offensive from the north.
Persons: Jon, United States Michael Herzog, Israel, David Morgan, Jasper Ward, Leah Douglas, Scott Malone, Bill Berkrot Organizations: White, White House, Washington Post, Press, NBC, Hamas, CBS, Gaza's Health, Thomson Locations: Gaza, Israel, United States, That's
Gaza Hostage Deal Closer Than Ever, US Official Says
  + stars: | 2023-11-19 | by ( Nov. | At A.M. | ) www.usnews.com   time to read: +3 min
By David Morgan and Jasper WardWASHINGTON (Reuters) -A deal to secure the release of some of the hostages held in Gaza by Hamas militants is closer than ever in the Islamist group's war with Israel, a White House official said on Sunday. "What I can say at this point is that some of the outstanding areas of disagreement, in a very complicated, very sensitive negotiation, have been narrowed," Finer told NBC's "Meet the Press" program. "I believe we are closer than we have been in quite some time, maybe closer than we have been since the beginning of this process, to getting this deal done," he added. "We're talking about considerably more than 12 (hostages)," Finer told NBC. On Saturday, Israel warned civilians in parts of southern Gaza to relocate as it girds for an offensive from the north.
Persons: David Morgan, Jasper Ward, Jon, United States Michael Herzog, Israel, Leah Douglas, Scott Malone, Bill Berkrot Organizations: Jasper Ward WASHINGTON, White, White House, Washington Post, Press, NBC, Hamas, CBS, Gaza's Health Locations: Gaza, Israel, United States, That's
REUTERS/Julia Nikhinson/File Photo Acquire Licensing RightsWASHINGTON, Nov 17 (Reuters) - Embattled U.S. Representative George Santos faced a fresh effort to expel him from Congress on Friday, the day after fellow lawmakers released a report that suggested federal prosecutors should bring additional criminal charges against him. The House, which Republicans control by a narrow 221-213 majority, is expected to vote on the expulsion effort when it returns from a two-week recess. Santos' district, which includes a small slice of New York City and some of its eastern suburbs, is seen as competitive. Last time, 182 Republicans voted against expulsion as they need Santos' seat to protect their narrow House majority. "George has betrayed the trust of his constituents who deserve honesty and transparency from their elected official."
Persons: George Santos, Julia Nikhinson, Representative George Santos, Michael Guest, Santos, Guest, Hermes, Joe, Stephanie Bice, George, Moira Warburton, David Morgan, Andy Sullivan, Scott Malone, Daniel Walls, Jonathan Oatis Organizations: Rep, Capitol, REUTERS, Rights, Representative, Republican, Justice Department, Democratic, Thomson Locations: Washington , U.S, New York City, OnlyFans
The last near-miss with shutdown led to the Oct. 3 ouster of Republican U.S. House of Representatives Speaker Kevin McCarthy that left the chamber leaderless for three weeks. "No drama, no delay, no government shutdown," Democratic Senate Majority Leader Chuck Schumer said prior to the vote. McCarthy's successor, Speaker Mike Johnson, produced a stopgap funding bill that drew broad bipartisan support, a rarity in modern U.S. politics. But hardline members of Johnson's 221-213 Republican majority voiced anger at the compromise, saying they would try to rein in federal spending again when current funding expires. Funding for all other federal operations - including defense - would expire on Feb. 2.
Persons: Joe Biden, Kevin McCarthy, Chuck Schumer, Mike Johnson, Biden, Chip Roy, Andy Sullivan, Scott Malone, Lisa Shumaker, Jonathan Oatis Organizations: U.S, Senate, Republican U.S . House, Democratic, Republican, Representatives, Republicans, Food and Drug Administration, Thomson Locations: Washington, Iowa, U.S, Israel, Ukraine
U.S. House Speaker Mike Johnson (R-LA) speaks during a press conference on Capitol Hill in Washington, U.S., November 14, 2023. REUTERS/Elizabeth Frantz/File Photo Acquire Licensing RightsWASHINGTON, Nov 16 (Reuters) - A group of hardline Republicans has put new U.S. House Speaker Mike Johnson on notice that he can no longer count on their support for legislation, signaling a possible early end to his "honeymoon" period. "We want the message to be clear," said Representative Scott Perry, chairman of the hardline conservative House Freedom Caucus. The bill passed the House with support from 209 Democrats but only 127 Republicans - a troubling sign for the new speaker. He had also angered hardliners by suspending House rules to circumvent their hopes of blocking debate on the measure.
Persons: Mike Johnson, Elizabeth Frantz, Scott Perry, We're, Nick LaLota, Johnson, Joe Biden, Kevin McCarthy, McCarthy, Anna Paulina Luna, David Morgan, Scott Malone, Deepa Babington Organizations: Capitol, REUTERS, Rights, Republicans, ., Louisiana lawmaker, Caucus, Freedom Caucus, Republican, Democratic, Thomson Locations: Washington , U.S, Louisiana, America, Mexico, New York
That's our goal and we hope to have an agreement very soon," Senate Majority Leader Chuck Schumer, a Democrat, said on the Senate floor. Leaders from both parties have said they support a stopgap spending bill that passed the Republican-controlled House of Representatives by a wide bipartisan margin on Tuesday. 2 Republican, said a vote on the House bill later in the day was possible. More significantly, it would avoid a partial shutdown that would disrupt a wide array of government services and furlough hundreds of thousands of federal workers. Writing by Andy Sullivan; Editing by Scott Malone, Lisa Shumaker and Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.
Persons: Kevin Wurm, Chuck Schumer, Joe Biden, John Thune, Rand Paul, Mike Johnson, Johnson, Andy Sullivan, Scott Malone, Lisa Shumaker, Jonathan Oatis Organizations: U.S, Capitol, REUTERS, Rights, Democratic, Republican, U.S . Senate, Food and Drug Administration, Thomson Locations: Washington , U.S, U.S, Louisiana
REUTERS/Kevin Wurm/File Photo/File Photo Acquire Licensing RightsWASHINGTON, Nov 15 (Reuters) - U.S. Senate Democratic Leader Chuck Schumer said on Wednesday he would try to quickly pass legislation to keep the government funded, preventing a partial shutdown that would otherwise begin this weekend. That's our goal and we hope to have an agreement very soon," Schumer said on the Senate floor. Both chambers of Congress need to pass spending legislation and send it to Democratic President Joe Biden to sign into law before then in order to avoid disruption. Schumer said he will have to work out an agreement with the chamber's top Republican, Mitch McConnell, for a quick vote. Tuesday's House vote was a victory for House Speaker Mike Johnson, who faced down opposition from some of his fellow Republicans who had pushed for deep spending cuts.
Persons: Kevin Wurm, Chuck Schumer, Schumer, Joe Biden, Mitch McConnell, McConnell, Tuesday's, Mike Johnson, Johnson, Andy Sullivan, Scott Malone, Lisa Shumaker, Jonathan Oatis Organizations: U.S, Capitol, REUTERS, Rights, U.S . Senate Democratic, Democratic, Republican, Food and Drug Administration, Thomson Locations: Washington , U.S, Louisiana
REUTERS/Kevin Wurm/File Photo/File Photo Acquire Licensing RightsWASHINGTON, Nov 15 (Reuters) - The U.S. Senate on Wednesday prepared to take up a stopgap spending bill that would avert a partial government shutdown, with little time remaining before funding runs out on Friday. Both chambers of Congress need to pass spending legislation and send it to President Joe Biden to sign into law before then in order to avoid disruption. More significantly, it would avoid a partial shutdown that would disrupt a wide array of government services and furlough hundreds of thousands of federal workers. Tuesday's House vote was a victory for House Speaker Mike Johnson, who faced down opposition from some of his fellow Republicans who had pushed for deep spending cuts. Senate Democratic Leader Chuck Schumer on Tuesday said he supported the bill and vowed to bring it up for a vote as quickly as possible.
Persons: Kevin Wurm, Joe Biden, Tuesday's, Mike Johnson, Johnson, Chuck Schumer, Mitch McConnell, Andy Sullivan, Scott Malone, Lisa Shumaker Organizations: U.S, Capitol, REUTERS, Rights, Senate, Democratic, Republican, Food and Drug Administration, Thomson Locations: Washington , U.S, Louisiana
REUTERS/Nathan Howard/File Photo Acquire Licensing RightsWASHINGTON, Nov 14 (Reuters) - U.S. House Speaker Mike Johnson's plan to avert a government shutdown faces a key test on Tuesday, as he tries to overcome hardline opposition from his own Republican conference, even as some Democrats signal tentative support for the measure. Senate Majority Leader Chuck Schumer, Congress' top Democrat, gave a tentative welcome to the proposal on Monday. But House Republican hardliners are threatening to use procedural roadblocks to stop the bill from advancing. With a slim 221-213 majority, the Republican speaker can afford to lose no more than three party votes on legislation that Democrats oppose. They claim the bill also leaves in place policies favored by prominent Democrats including Senate Majority Leader Chuck Schumer and Representative Nancy Pelosi, the former House speaker.
Persons: Mike Johnson, Nathan Howard, Mike Johnson's, Johnson, Joe Biden, Chuck Schumer, Schumer, Chip Roy, Roy, bipartisanship, Nancy Pelosi, Nancy Pelosi's, Andrew Clyde, Biden, McCarthy, David Morgan, Moira Warburton, Scott Malone, Richard Chang Organizations: U.S, Capitol, REUTERS, Rights, ., Republican, Democratic, Republicans, Food and Drug Administration, House, Social Security, Total U.S, Thomson Locations: Washington , U.S, Mexico
WASHINGTON, Nov 13 (Reuters) - U.S. House of Representatives Speaker Mike Johnson's plan to avoid a partial government shutdown secured tentative support from top Senate Democrat Chuck Schumer on Monday, even as some of Johnson's hardline Republican colleagues pushed back against it. Without changes, the Texas Republican said he would oppose efforts to bring the bill to the floor. The bill is intended to pressure the House and Senate to agree on spending bills for fiscal 2024 by the assigned dates. Johnson warned Democrats that House Republicans would impose a full-year CR for 2024 "with appropriate adjustments to meet our national security priorities" if Congress fails to reach agreement on full-year spending. Failure to hit that benchmark led to McCarthy's ouster, but some House Republicans suggested Johnson deserved more time.
Persons: Mike Johnson's, Chuck Schumer, Schumer, Chip Roy, Roy, Hakeem Jeffries, Kevin McCarthy, Joe Biden, Johnson's, centrists, Mike Johnson, Elizabeth Frantz, Johnson, Good, Marjorie Taylor Greene, Warren Davidson, Scott Perry, Andrew Clyde, Republican George Santos, Perry, Karine Jean, Pierre, Biden, McCarthy, David Morgan, Moira Warburton, Steve Holland, Scott Malone, Andrea Ricci, Richard Chang Organizations: . House, Senate, Texas Republican, Republican, Democratic, U.S . House, U.S, Capitol, REUTERS, Food and Drug Administration, House, White, Caucus, White House, Republicans, Social Security, Total U.S, Thomson Locations: Washington , U.S
The bill is intended to pressure the House and Senate to agree on spending bills for fiscal 2024 by the assigned dates. Johnson warned Democrats that House Republicans would impose a full-year CR for 2024 "with appropriate adjustments to meet our national security priorities" if Congress fails to reach agreement on full-year spending. Democrats had worried that Republicans would put defense and other party priorities in the first tranche and then let the remaining programs shut down. Failure to hit that benchmark led to McCarthy's ouster, but some House Republicans suggested Johnson deserved more time. The brutal infighting among Republicans this year, including the party's own rejection of three seasoned nominees for House speaker, coincides with falling federal revenues and mounting costs for interest, health and pension outlays.
Persons: Mike Johnson, Elizabeth Frantz, Johnson, Bob Good, Kevin McCarthy, Joe Biden, Johnson's, centrists, Good, Marjorie Taylor Greene, Warren Davidson, Scott Perry, Andrew Clyde, Chip Roy, Republican George Santos, Perry, Chris Murphy, Biden, McCarthy, David Morgan, Scott Malone, Andrea Ricci, Richard Chang Organizations: U.S . House, U.S, Capitol, REUTERS, Rights, . House, Republican, Democratic, Senate, Food and Drug Administration, House, White, Caucus, White House, NBC, Republicans, Social Security, Total U.S, Thomson Locations: Washington , U.S, Washington, Louisiana
[1/2] Newly elected Speaker of the House Mike Johnson (R-LA) addresses the U.S. House of Representatives after he was elected to be the new Speaker at the U.S. Capitol in Washington, U.S., October 25, 2023. Johnson also warned Democrats that House Republicans would impose a full-year CR for 2024 "with appropriate adjustments to meet our national security priorities" if Congress fails to reach agreement. House Republicans are aiming for a Tuesday vote. Failure to hit that benchmark led to McCarthy's ouster, but some House Republicans suggested Johnson deserved more time. The brutal infighting that has characterized Republicans this year, including the party's own rejection of three seasoned nominees for House speaker, coincides with falling federal revenues and mounting costs for interest, health and pension outlays.
Persons: Mike Johnson, Elizabeth Frantz, Johnson's, Kevin McCarthy, Joe Biden, Johnson, centrists, Marjorie Taylor Greene, Warren Davidson, Chris Murphy, Murphy, Tom Cole, Biden, McCarthy, Ken Buck, David Morgan, Scott Malone, Andrea Ricci Organizations: U.S . House, U.S, Capitol, REUTERS, Rights, . House, Republican, Democratic, Senate, Food and Drug Administration, House, White, Firebrand, NBC, Republicans, Social Security, Total U.S, Thomson Locations: Washington , U.S, Washington, Louisiana
"This two-step continuing resolution is a necessary bill to place House Republicans in the best position to fight for conservative victories," Johnson said in a statement after announcing the plan to House Republicans in a conference call. The House Republican stopgap contained no supplemental funding such as aid for Israel or Ukraine. She said "House Republicans are wasting precious time with an unserious proposal that has been panned by members of both parties." A stopgap measure would give lawmakers more time to implement full-scale appropriations bills to fund the government through Sept. 30. McCarthy opted for the bipartisan route after hardliners blocked a Republican stopgap measure with features intended to appease them.
Persons: Mike Johnson, Johnson, Republican stopgap, Joe Biden, Karine Jean, Pierre, centrists, Sarah Silbiger, Chip Roy, Roy, Brian Schatz, Schatz, Biden, Johnson's, Kevin McCarthy, McCarthy, David Morgan, Timothy Gardner, Scott Malone, Daniel Wallis, David Gregorio Our Organizations: . House, Republican, Republicans, Democratic, White, AAA, ., Louisiana Republican, Food and Drug Administration, U.S, Capitol, REUTERS, Caucus, Social Security, Thomson Locations: Israel, Ukraine, Louisiana, Washington , U.S
The White House sought to pin blame for the outlook change, which cited the high deficit and rising interest rates, on Republicans. "Moody's decision to change the U.S. outlook is yet another consequence of congressional Republican extremism and dysfunction," White House spokesperson Karine Jean-Pierre said. House Republicans hope to vote on Tuesday on a stopgap measure, which could extend discretionary funding for federal agencies into mid-January. Representative Chip Roy, a prominent member of the hardline House Freedom Caucus, said he could accept a stopgap measure that also contains aid to Israel in its war with Hamas. McCarthy opted for the bipartisan route after hardliners blocked a Republican stopgap measure with features intended to appease the party's far right.
Persons: Mike Johnson, Sarah Silbiger, Moody's, Andy Harris, Karine Jean, Pierre, Joe Biden, Tom Cole, Cole, Johnson, Chip Roy, Roy, Biden, Johnson's, Kevin McCarthy, McCarthy, David Morgan, Scott Malone, Daniel Wallis Organizations: U.S, Capitol, REUTERS, Rights, . House, Republicans, AAA, Republican, White, Democratic, Caucus, Texas Republican, Social Security, Thomson Locations: Washington , U.S, U.S, Mexico, Washington, Israel, Ukraine
"This two-step continuing resolution is a necessary bill to place House Republicans in the best position to fight for conservative victories," Johnson said in a statement after announcing the plan to House Republicans in a conference call. The House Republican stopgap contained no supplemental funding such as aid for Israel or Ukraine. She said "House Republicans are wasting precious time with an unserious proposal that has been panned by members of both parties." A stopgap measure would give lawmakers more time to implement full-scale appropriations bills to fund the government through Sept. 30. McCarthy opted for the bipartisan route after hardliners blocked a Republican stopgap measure with features intended to appease them.
Persons: David Morgan WASHINGTON, Mike Johnson, Johnson, Republican stopgap, Joe Biden, Karine Jean, Pierre, centrists, Chip Roy, Roy, Brian Schatz, Schatz, Biden, Johnson's, Kevin McCarthy, McCarthy, David Morgan, Timothy Gardner, Scott Malone, Daniel Wallis, David Gregorio Organizations: . House, Republican, Republicans, Democratic, White, AAA, ., Louisiana Republican, Food and Drug Administration, Caucus, Social Security Locations: Israel, Ukraine, Louisiana
Moody's is the last of the three major rating agencies to maintain a top rating for the U.S. government. Fitch changed its rating from triple-A to AA+ in August, joining S&P which has had an AA+ rating since 2011. “While the statement by Moody’s maintains the United States’ AAA rating, we disagree with the shift to a negative outlook. The sharp rise in Treasury yields "has increased pre-existing pressure on US debt affordability," Moody's said. “Moody’s just downgraded our credit rating outlook to negative because of our out-of-control government spending and deficits," hardline Republican Representative Andy Harris said on X, formerly known as Twitter.
Persons: Shannon Stapleton, Joe Biden's, Fitch, Moody's, Karine Jean, Pierre, Moody’s, Wally Adeyemo, Adeyemo, Biden, Quincy Krosby, Donald Trump, Mike Johnson, “ Moody’s, Andy Harris, , Richard Rohan Francis, Davide Barbuscia, Andrea Shalal, David Morgan, Caroline Valetkevitch, Ira Iosebashvili, Megan Davies, Shilpi Majumdar, Shounak Dasgupta, David Gregorio, Chris Reese Organizations: REUTERS, . House, U.S ., Aaa, White, Republican, States ’ AAA, Treasury, Reserve, LPL, New York Times, Republicans, Democratic, Thomson Locations: New York City, U.S, WASHINGTON, American, Siena, Nevada , Georgia, Arizona , Michigan, Pennsylvania, Trump, Wisconsin
A knowledgeable source, who spoke on condition of anonymity, said plans for the release of the continuing resolution, or "CR," were still in flux. U.S. House Speaker Mike Johnson has spent days in talks with members of his slim 221-212 Republican majority about several CR options. The Republican-controlled House and Democratic-led Senate must agree on a vehicle that President Joe Biden can sign into law before current funding expires on Nov. 17. Many lawmakers warn that a prolonged partisan fight over a stopgap measure could prevent Congress from averting a shutdown. As House Republicans debated their options this week, Senate Majority Leader Chuck Schumer took an initial procedural step toward moving his own stopgap measure.
Persons: Mike Johnson, Sarah Silbiger, Joe Biden, Moody's, Chuck Schumer, David Morgan, Daniel Wallis, Grant McCool Organizations: U.S, Capitol, REUTERS, Rights, . House, Republican, Democratic, Republicans, Thomson Locations: Washington , U.S, Washington, U.S, Mexico
A knowledgeable source, who spoke on condition of anonymity, said plans for the release of the continuing resolution, or "CR," were still in flux. U.S. House Speaker Mike Johnson has spent days in talks with members of his slim 221-212 Republican majority about several CR options. The Republican-controlled House and Democratic-led Senate must agree on a vehicle that President Joe Biden can sign into law before current funding expires on Nov. 17. Many lawmakers warn that a prolonged partisan fight over a stopgap measure could prevent Congress from averting a shutdown. As House Republicans debated their options this week, Senate Majority Leader Chuck Schumer took an initial procedural step toward moving his own stopgap measure.
Persons: Mike Johnson, Sarah Silbiger, Joe Biden, Chuck Schumer, David Morgan, Daniel Wallis Organizations: U.S, Capitol, REUTERS, Rights, . House, Republican, Democratic, Republicans, Thomson Locations: Washington , U.S, U.S, Mexico
Senator Joe Manchin, a maverick who has often bucked party leadership in the past two years, said on Thursday that he will not seek re-election, hurting Democrats' chance of defending their thin Senate majority in the 2024 election. The move by the 76-year-old lawmaker will make it very difficult for Democrats to defend his West Virginia seat. "We like our odds in West Virginia," Senator Steve Daines, the head of Republican senators' campaign arm, said in a statement. David Bergstein, a spokesperson for the Senate Democrats' campaign arm, said the party was confident in its chances of strengthening its majority. Manchin has insisted that his only motivation is the coal-producing state of West Virginia and an eye on fiscal responsibility.
Persons: Joe Manchin, Manchin, Republican Donald Trump, Democrat Joe Biden, Steve Daines, Biden, Trump, David Bergstein, Matt Bennett, he's, Bennett, Julia Nikhinson, Jim Justice, Justice, Biden's, Kyrsten Sinema, Roe, Wade, Mitt Romney, Moira Warburton, Jasper Ward, Makini Brice, Richard Cowan, Jason Lange, David Morgan, Scott Malone, Alistair Bell, Daniel Wallis Organizations: Democratic U.S, United States Senate, Republican, Democrat, Democratic Party, White, Reuters, Biden, Democrats, Trump, Senate Democrats, U.S, Congress, REUTERS, SEAT West Virginia's Republican, Democratic, Charleston Gazette, Thomson Locations: West Virginia, Montana and Ohio, Pennsylvania, Arizona, Democratic, Washington , U.S, Washington, America, Jasper
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