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U.S. President Joe Biden delivers remarks during the Indo-Pacific Economic Framework (IPEF) Leaders event at the Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco, California, U.S. November 16, 2023. REUTERS/Brittany Hosea-Small Acquire Licensing RightsSAN FRANCISCO, Nov 16 (Reuters) - U.S. President Joe Biden signed on Thursday a stopgap spending bill to avert a government shutdown, a day after the Senate passed it, the White House said. Biden signed the document on the sidelines of a dinner at the Legion of Honor museum in San Francisco, where leaders are attending the Asia Pacific Economic Cooperation (APEC) summit. U.S. House of Representatives Speaker Mike Johnson had produced the stopgap funding bill that drew broad bipartisan support, a rarity in modern U.S. politics. Reporting by Trevor Hunnicutt and Gokul Pisharody ; Editing by Clarence Fernandez and Kim CoghillOur Standards: The Thomson Reuters Trust Principles.
Persons: Joe Biden, Brittany Hosea, Biden, Mike Johnson, Trevor Hunnicutt, Clarence Fernandez, Kim Coghill Organizations: Economic, Economic Cooperation, REUTERS, FRANCISCO, Legion, Asia Pacific Economic Cooperation, . House, Thomson Locations: Asia, San Francisco , California, U.S, San Francisco, Washington
President Joe Biden signed a temporary spending bill a day before a potential government shutdown, pushing a fight with congressional Republicans over the federal budget into the new year, as wartime aid for Ukraine and Israel remains stalled. Biden signed the bill Thursday in San Francisco, where he was hosting the Asia-Pacific Economic Cooperation summit. The president signed the bill at the Legion of Honor Museum, where he held a dinner for APEC members. He portrayed the temporary funding bill as setting the ground for a spending "fight" with the Senate next year. The spending bill does not include the White House's nearly $106 billion request for wartime aid for Israel and Ukraine.
Persons: Joe Biden, Biden, Mike Johnson, Johnson Organizations: Republicans, Economic Cooperation, Legion, Honor, APEC, Republican Locations: Ukraine, Israel, San Francisco, Asia
U.S. President Joe Biden delivers remarks during the Indo-Pacific Economic Framework (IPEF) Leaders event at the Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco, California, U.S. November 16, 2023. REUTERS/Brittany Hosea-Small Acquire Licensing RightsSAN FRANCISCO, Nov 16 (Reuters) - U.S. President Joe Biden signed on Thursday a stopgap spending bill to avert a government shutdown, a day after the Senate passed it, the White House said. Biden signed the document on the sidelines of a dinner at the Legion of Honor museum in San Francisco, where leaders are attending the Asia Pacific Economic Cooperation (APEC) summit. U.S. House of Representatives Speaker Mike Johnson had produced the stopgap funding bill that drew broad bipartisan support, a rarity in modern U.S. politics. Reporting by Trevor Hunnicutt and Gokul Pisharody ; Editing by Clarence Fernandez and Kim CoghillOur Standards: The Thomson Reuters Trust Principles.
Persons: Joe Biden, Brittany Hosea, Biden, Mike Johnson, Trevor Hunnicutt, Clarence Fernandez, Kim Coghill Organizations: Economic, Economic Cooperation, REUTERS, FRANCISCO, Legion, Asia Pacific Economic Cooperation, . House, Thomson Locations: Asia, San Francisco , California, U.S, San Francisco, Washington
SAN FRANCISCO (AP) — President Joe Biden on Thursday signed a temporary spending bill a day before a potential government shutdown, pushing a fight with congressional Republicans over the federal budget into the new year, as wartime aid for Ukraine and Israel remains stalled. Biden signed the bill in San Francisco, where he is hosting the summit of Asia-Pacific Economic Cooperation economies. The president signed the bill at the Legion of Honor Museum, where he held a dinner for APEC members. He portrayed the temporary funding bill as setting the ground for a spending “fight” with the Senate next year. The spending bill does not include the White House’s nearly $106 billion request for wartime aid for Israel and Ukraine.
Persons: Joe Biden, Biden, Mike Johnson, Johnson, Stephen Groves, Zeke Miller Organizations: FRANCISCO, Republicans, Economic Cooperation, Legion, Honor, APEC, Republican Locations: Ukraine, Israel, San Francisco, Asia, Washington
CNN —President Joe Biden on Thursday signed the stopgap spending bill into law, averting a shutdown for now and setting up a contentious fight over funding in the new year. The plan is not a full-year spending bill and only extends funding until January 19 for priorities including military construction, veterans’ affairs, transportation, housing and the Energy Department. Democrats have once again conceded aid for Ukraine after additional military assistance wasn’t included in the stopgap bill that passed in September. The measure passed with a vote of 336 to 95 in the House on Tuesday with more Democrats than Republicans voting in support. His predecessor, Rep. Kevin McCarthy, was ousted after putting the previous stopgap bill on the House floor at the end of September, though the move averted a shutdown.
Persons: Joe Biden, Mike Johnson, wasn’t, Johnson, Kevin McCarthy, McCarthy Organizations: CNN, Energy Department, Israel, Republicans Locations: Ukraine
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
The Senate on Wednesday night passed a stopgap funding bill, punting the GOP's spending fight and the threat of a government shutdown until after the holidays. The funding bill next heads to President Joe Biden's desk for his expected signature. The CR is designed to buy more time for House Republicans to pass appropriations bills and for House and Senate negotiators to reach a deal on funding. The House has passed seven of the twelve annual appropriations bills that fund the government for a full fiscal year, while the Senate has passed three. Johnson and his leadership team sent House lawmakers home for the Thanksgiving holiday early on Wednesday after two appropriations bills ran into trouble.
Persons: Chuck Schumer, Jack Reed, Joe Biden's, Schumer, Mike Johnson's, Johnson, Scott Perry, we're, I've, we've, Hakeem Jeffries, Jeffries, — Frank Thorp V, Garrett Haake Organizations: U.S, Capitol, Republicans, New, Agriculture, Transportation, Housing, Urban Development, Veterans Affairs, Defense Department, House Republicans, House, Caucus, Democrats, Congressional Black Caucus Locations: Washington, Israel, Ukraine, D
Opponents of the aid say U.S. taxpayer money should be spent at home, but majority of Republicans and Democrats in Congress still support aid to President Volodymyr Zelenskiy's government. Assistance for Israel, which already receives $3.8 billion per year in U.S. security assistance, typically passes Congress with strong bipartisan support. "I know both sides genuinely care about approving aid to Israel and Ukraine and helping innocent civilians in Gaza. 'DANGEROUSLY BROKEN'Republicans said a security bill without border money was a non-starter. Congress has approved $113 billion for Ukraine since the invasion began in February 2022.
Persons: Joe Biden, Volodymyr Zelenskiy's, Chuck Schumer, Lindsey Graham, Biden, Hakeem Jeffries, Patricia Zengerle, Richard Cowan, Doina Chiacu, Simon Lewis, Don Durfee, David Gregorio Our Organizations: U.S, Congress, Russia, Republican, Democratic, Democrats, Reuters, Hamas, Assistance, Israel, Republicans, Senate, MSNBC, Biden, State Department, Thomson Locations: Israel, Ukraine, Kyiv, Congress, Mexico, Gaza, United States
Members of the house depart after the first session of the 117th Congress in the House Chamber at the U.S. Capitol in Washington, DC, U.S., January 3, 2021. Tasos Katopodis/Pool via REUTERS/File Photo Acquire Licensing Rights
Persons: Tasos Organizations: Chamber, U.S, Capitol Locations: Washington , DC
The last speaker who prevented a shutdown, Kevin McCarthy, was booted from his position by Republican extremists for working with Democrats to pass a stopgap bill. Mr. Johnson might have tried to appease the howling kennel on the far right by throwing it a treat in exchange for support, as he did with the I.R.S. There were no policy riders or crazy demands for cuts, and as a result, all but two House Democrats voted for it. The far right never trusted Mr. McCarthy, but feels a kinship with Mr. Johnson’s fringe cultural positions. The stopgap bill is weird because it punts that fight to two dates.
Persons: Kevin McCarthy, Johnson, Johnson’s, that’s, McCarthy Organizations: Republican, Pentagon
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
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 26, 2023. Shares of Cisco Systems (CSCO.O) shed 11.5% as the communications and networking firm cut its full-year revenue and profit forecasts on slowing demand for its networking equipment. However, regional (Fed) authorities have very diverse opinions and (it) confuses investors," said Peter Andersen, founder of Andersen Capital Management in Boston. However, Andersen said he is still optimistic about the possibility of a soft landing for the economy and a year-end rally. Declining issues outnumbered advancers for a 1.02-to-1 ratio on the NYSE and for a 1.45-to-1 ratio on the Nasdaq.
Persons: Brendan McDermid, Peter Andersen, Andersen, Michael Barr, Li Auto, Joe Biden, Xi Jinping, advancers, Shristi Achar, Maju Samuel Organizations: New York Stock Exchange, REUTERS, Cisco, Dow, Nasdaq, Walmart, Cisco Systems, Target, U.S . Federal, Andersen Capital Management, Treasury, Labor, Dow Jones, Palo Alto Networks, Baidu, U.S, NYSE, Thomson Locations: New York City, U.S, Boston, billings, Bengaluru
Meet the New Speaker, Same as the Old Speaker
  + stars: | 2023-11-15 | by ( The Editorial Board | ) www.wsj.com   time to read: 1 min
Wonder Land: If control of both the House and Senate returns to the Democratic left in 2024, Matt Gaetz and his seven Republican sidekicks will be remembered for a historic sellout of conservatism. Images: Zuma Press/Getty Images/Reuters/Shutterstock Composite: Mark KellyPop quiz: What’s the difference between the bipartisan stopgap funding bill that passed the House Tuesday under new Speaker Mike Johnson , and the September equivalent passed under former leader Kevin McCarthy ? Mr. Johnson took a big step toward avoiding a government shutdown when the House passed a continuing resolution that extends current spending levels into early next year. The House Freedom Caucus opposed the bill for lack of spending reductions and money for the border. But the bill passed 336-95 with the help of Democrats.
Persons: Matt Gaetz, Mark Kelly Pop, Mike Johnson, Kevin McCarthy, Johnson Organizations: Democratic, Republican, Zuma, Getty, Caucus
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) - 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
US House passes stopgap to avoid shutdown
  + stars: | 2023-11-15 | by ( Reuters Editorial | ) www.reuters.com   time to read: 1 min
PoliticsUS House passes stopgap to avoid shutdownPostedThe U.S. House of Representatives has passed a stopgap measure to avert a partial federal government shutdown, with wide swaths of lawmakers from both parties approving the bill. But it still needs approval by the Senate and President Biden, and it sets up yet another budget battle in the New Year. Ryan Brooks reports.
Persons: stopgap, Biden, Ryan Brooks Organizations: US House, . House, Senate
Senate passes stopgap bill to avert government shutdown
  + stars: | 2023-11-15 | by ( Clare Foran | Ted | ) edition.cnn.com   time to read: +2 min
The Senate on Wednesday passed a stopgap bill to keep the government open, averting a shutdown for now while setting up a contentious fight over funding in the new year. The bill was approved by the House on Tuesday and will now be sent to President Joe Biden to be signed into law. The Senate passed the bill by a vote of 87 to 11. Newly elected House Speaker Mike Johnson will face another major leadership test as lawmakers navigate that challenge. Former Speaker Kevin McCarthy was ousted after putting a stopgap bill on the House floor at the end of September.
Persons: Joe Biden, Mike Johnson, Johnson, Kevin McCarthy, McCarthy Organizations: Energy Department, Democrats, Republicans Locations: Israel, Ukraine
The day Congress went back to fourth grade
  + stars: | 2023-11-15 | by ( Stephen Collinson | ) edition.cnn.com   time to read: +12 min
The 118th Congress, which took an initial step to punt funding deadlines to the winter, looked more like a fourth grade class on a day that will further erode trust in government ahead of next year’s elections. Across Capitol Hill in the world’s so-called greatest deliberative body, Oklahoma Republican Sen. Markwayne Mullin was spoiling for a prize fight. Senate Republican leader Mitch McConnell, however, suggested that policing the Capitol was beyond even his wily capacity to enforce discipline within his conference. And only in the malfunctioning Congress would a speaker try to prevent one government shutdown by laying the possible path for two others. Israel and Ukraine have nothing to thank Congress forThe most glaring example of Congress’ failure to fulfill its duty on Tuesday came at a pro-Israel demonstration on the National Mall.
Persons: Joe Biden’s, Xi Jinping, Kevin McCarthy –, , Tim Burchett, CNN’s Manu Raju, McCarthy, Oklahoma Republican Sen, Markwayne Mullin, Sean O’Brien, Mullin, O’Brien, ” Mullin, , ” O’Brien, Vermont Sen, Bernie Sanders, let’s, ” Sanders, , Jared Moskowitz, James Comer, Comer, leafing, Moskowitz couldn’t, Gargamel, Marjorie Taylor Greene, Georgia –, Darrell Issa, Alejandro Mayorkas, Greene, Donald Trump, ” McCarthy, Dakota Sen, John Thune –, Mitch McConnell, who’s, Mike Johnson’s, Johnson, ” Rep, Patrick McHenry, Tom Cole, Trump, Joe Biden, Chuck Schumer, Hakeem Jeffries, Iowa GOP Sen, Joni Ernst, Biden, Vladimir Putin, hasn’t, he’d, ” Connecticut Democratic Sen, Chris Murphy Organizations: CNN, 118th, Republican, GOP, Tennessean, Oklahoma Republican, International Brotherhood of Teamsters, Health, Education, Labor, Pensions, Sooner, Martial Arts, Democratic, Biden, Florida Democrat, Capitol, Georgia Republican, Homeland, Capitol ., Congressional, Senate Republican, Capitol Police, Kentucky Republican, Republicans, , CNBC, , Congress, House Democratic, Iowa GOP, Internal Revenue Service, Senate, White, ” Connecticut Democratic Locations: Israel, Ukraine, Washington, China, Oklahoma, Vermont, Florida, Kentucky, Georgia, California, Capitol . Congress, Dakota, Gaza, Iowa, “ Ukraine, ” Connecticut
Senators were trying to speed forward on the funding package one day after it passed the House in an overwhelming bipartisan vote. In the meantime, both top Republicans and Democrats in the Senate appeared ready to avert a shutdown and pass the temporary funding patch well before government funding expires Saturday. Political Cartoons View All 1250 ImagesThe spending package would keep government funding at current levels for roughly two more months while a long-term package is negotiated. He portrayed the temporary funding bill as setting the ground for a spending “fight” with the Senate next year. He wanted to avoid lawmakers being forced to consider a massive government funding package before the December holidays — a tactic that incenses conservatives in particular.
Persons: , , Chuck Schumer, John Thune, Schumer, Mike Johnson, Johnson, ” Johnson, Biden, Mitch McConnell, Washington Democrats ’, ” Schumer, , Mary Claire Jalonick Organizations: WASHINGTON, , Democrats, Senate, GOP, Republican, Republicans, Washington Democrats, Associated Press Locations: Israel, Ukraine, Washington, Louisiana, U.S, Mexico
If the House passes the bill, the Senate will next need to approve the measure. Government funding is currently set to expire at the end of the week on Friday, November 17. In the first major test of his leadership, newly elected House Speaker Mike Johnson is pursuing an unusual two-step plan that would set up two new shutdown deadlines in January and February. The conservative House Freedom Caucus, a group of roughly 30 hardliners, has taken an official position against Johnson’s two-part government funding plan. A number of conservatives oppose the stopgap bill because it would not implement the deep spending cuts they have demanded.
Persons: Mike Johnson, Johnson, CNN’s Kristin Wilson, Annie Grayer, Lauren Fox Organizations: Energy Department, Caucus, Republican, GOP, Freedom Caucus, Johnson’s Locations: Israel, Ukraine
MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was 0.23% higher, on course for its second straight day of gains. The Japanese yen was at 151.71 per dollar in Asian hours, having touched a one-year low of 151.92 on Monday. Investors are waiting for the U.S. inflation report, due later in the day, after Federal Reserve Chair Jerome Powell and other policymakers said they are still not sure that interest rates are high enough to tame inflation. Japan last intervened in the currency market - selling dollars and buying yen - in October last year. The dollar index , which measures the U.S. currency against six rivals, was up 0.057% at 105.69.
Persons: Shunichi Suzuki, DAX, Jerome Powell, Anderson Alves, Moody's, Fitch, Gary Dugan, YEN, Nicholas Chia, Brent, Ankur Banerjee, Shri Navaratnam Organizations: Japanese Finance, Federal, Reuters, U.S, AAA, Dalma Capital, Standard Chartered, Thomson Locations: SINGAPORE, Asia, Pacific, Japan, China, U.S, New York
MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was 0.49% higher, while Tokyo's Nikkei (.N225) gained 0.36%. The Japanese yen was at 151.71 per dollar in Asian hours, having touched a one-year low of 151.92 on Monday. The U.S. inflation report, due later in the day, has investors' attention on Tuesday, especially after Federal Reserve Chair Jerome Powell and policymakers have said they are still not sure that interest rates are high enough to tame inflation. YEN WATCH RESUMESThe yen's broad decline has traders back to keeping an eye on whether the Japanese authorities will intervene. The dollar index , which measures the U.S. currency against six rivals, was up 0.057% at 105.69.
Persons: Australia's, Shunichi Suzuki, Jerome Powell, Anderson Alves, HSI, Fitch, Gary Dugan, Dugan, YEN, Nicholas Chia, Brent, Ankur Banerjee, Shri Navaratnam Organizations: Tokyo's Nikkei, Japanese Finance, Federal, Reuters, U.S, AAA, Dalma, Standard Chartered, Thomson Locations: SINGAPORE, Asia, Pacific, Japan, U.S, China, New York
Just weeks into his new job, Speaker Mike Johnson has already learned a valuable, if painful, lesson: Being an uncompromising conservative hard-liner is much easier from the backbenches of the House than it is from the leadership suites. The stopgap spending bill he pushed through the House on Tuesday with overwhelming support from Democrats over the objections of a solid bloc of Republicans was a near-exact replica of the funding package he had opposed six weeks ago, when he was still an obscure lawmaker from Louisiana. But as speaker, Mr. Johnson was forced to bow to the political reality that spending proposals designed to appease the far right cannot become law in a divided government. In doing so, he exhibited a pragmatic side that surprised Democrats and frustrated allies on the right who just days ago were exultant at his sudden rise. Mr. Johnson made the calculation that House Republicans, divided and known more for acrimony than accomplishment these days, could not afford to be held responsible for a crippling pre-Thanksgiving government shutdown.
Persons: Mike Johnson, Johnson Organizations: Republicans Locations: Louisiana
How Each Member Voted on the House Stopgap Spending MeasureWith the help of House Democrats, Speaker Mike Johnson successfully pushed forward a stopgap measure that would keep the government funded into the beginning of next year. See a breakdown of individual member votes below. On Tuesday, House Democratic leaders endorsed the measure, which needed bipartisan support to pass. The first, passed in late September, caused a furor among hard-right House Republicans that cost Kevin McCarthy the speakership. See how each member of the House voted.
Persons: Mike Johnson, Kevin McCarthy, Johnson Organizations: House Democrats, Dem, House Democratic, House Republicans Locations: Ukraine, Israel
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSen. Bill Cassidy: 'I will' vote for stopgap funding measure to avoid shutdownHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Email Sen, Bill Cassidy, Brian Sullivan, Organizations: Email, CNBC
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