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☆ Sen. Bill Cassidy: 'I will' vote for stopgap funding measure to avoid shutdown
▼ + stars: | 2023-11-14 | by ( ) www.cnbc.com time to read: 1 min

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

The House on Tuesday voted in favor of a stopgap measure to keep the government funded, with Democrats propelling it to passage after conservative opposition put its approval in jeopardy. House Democrats throughout the day Tuesday were largely mum on whether they would support the resolution, as its fate hung in the balance. They added that House Republicans should work with Democrats on the full-year spending bills going forward. Political Cartoons on Congress View All 272 ImagesFor Democrats, the measure fostered some initial skepticism, with an unusual two-step timeline put forward by the House Freedom Caucus. But ultimately, it aligned with their priorities in a surprise to many as the new, more conservative House speaker took the reins of the chamber.

Persons: Rosa DeLauro, Mike, ”, Chip Roy, Mike Johnson, “, ” Johnson, “ You’ve, Kay Granger Organizations: Senate, Jan, House Democrats, Republicans, House, Caucus, Democrats, Texas Republican, House Republican Locations: Connecticut, Texas

The House is set to vote on a stopgap measure to avert a government shutdown on Tuesday. But days ahead of the deadline, GOP infighting has reared its head, as a group of conservatives threatened to oppose the measure, placing the legislation’s fate once again in Democrats’ hands. Democrats are widely expected to back the bill, though leadership has yet to endorse it publicly, as they look to avoid a shutdown. Former House Speaker Kevin McCarthy took a similar route in September when conservatives threatened to block the continuing resolution’s path forward. Johnson called the CR’s two-step process an “important innovation,” while noting that he’s “done with short-term CRs” and “the House Republican conference is committed to never being in this situation again.”“It took decades to get into this mess, right.

Persons: ’, Johnson, Chuck Schumer, “, –, Kevin McCarthy, Chip Roy, Johnson –, ” Roy, I’ve, ” Johnson, ” Organizations: GOP, Caucus, Former, Texas Republican, Republican, House Republican, Washington Locations: Texas, Washington

Conservatives also say Johnson, who was a rank-and-file member up until this point, hasn’t broken their trust yet. “Kevin was in a very difficult situation when that happened,” Johnson told CNN. But it wasn’t enough to win them over; the House Freedom Caucus took an official position against the plan. “Speaker Johnson must reassert his authority in this fight,” Freedom Caucus Chairman Scott Perry, a Pennsylvania Republican, said ahead of the vote. “I think if you’re going to oust a speaker of the House from your conference, the red line should remain the same for the next speaker,” Greene said.

Persons: Mike Johnson’s, Kevin McCarthy, –, McCarthy, Johnson, haven’t, ”, Bob Good, there’s, “, Tom Cole, we’ve, Warren Davidson, that’s, Chip Roy, Dan Bishop of, Kevin, ” Johnson, Scott Perry, “ He’s, Troy Nehls, ” McCarthy, Dusty Johnson of, Garret Graves, McCarthy ”, Patrick McHenry of, Marjorie Taylor Greene, ” Greene Organizations: Democratic, House Republican Conference, Louisiana Republican, CNN, GOP, ”, Freedom Caucus, Caucus, Fox Business, “, Pennsylvania Republican, California Republican, Dusty Johnson of South Dakota Locations: Louisiana, Virginia, Oklahoma, Ukraine, Israel, Warren Davidson of Ohio, Texas, Dan Bishop of North Carolina, Pennsylvania, “, California, Dusty Johnson of South, Patrick McHenry of North Carolina, Washington, Marjorie Taylor Greene of Georgia

☆ Hardline Republicans push back on US House speaker's plan to avert shutdown
▼ + stars: | 2023-11-13 | by ( David Morgan | ) www.reuters.com time to read: +6 min

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

☆ Futures dip as focus shifts to economic data
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Brendan McDermid Acquire Licensing RightsSummaryCompanies Futures down: Dow 0.02%, S&P 0.17%, Nasdaq 0.22%Nov 13 (Reuters) - U.S. stock index futures edged lower on Monday as investors awaited economic data later this week that could shape expectations around how long the Federal Reserve will keep interest rates elevated. Investors will focus on a slew of economic data this week as well as speeches from Fed officials for signs on the trajectory of interest rates amid growing expectations that the Fed is done hiking borrowing costs. Inflation data on Tuesday is expected to show headline consumer prices eased to 3.3% in October from 3.7% in September. The major U.S. stock indexes have rebounded strongly this month, fueled by a stronger-than-expected earnings season and on hopes that U.S. interest rates are near their peak. ET, Dow e-minis were down 6 points, or 0.02%, S&P 500 e-minis were down 7.75 points, or 0.17%, and Nasdaq 100 e-minis were down 34.75 points, or 0.22%.

Persons: Brendan McDermid, jitters, Moody's, Fitch, Mike Johnson, Sruthi Shankar, Maju Samuel Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Federal Reserve, CPI, . House, Republican, Dow e, Boeing, Bloomberg News, APEC, Dubai's Emirates, Dubai Airshow, Micron Technology, Memory Technologies, U.S, Thomson Locations: New York City, U.S, China, Dubai, Bengaluru

☆ New US House speaker tries to muster his Republicans to avert government shutdown
▼ + stars: | 2023-11-13 | by ( David Morgan | ) www.reuters.com time to read: +6 min

[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

And for newly minted Speaker Mike Johnson, the fight ahead marks a major test – and one that foretold his predecessor’s loss of the gavel. Instead, to the frustration of a handful of House Republicans who have already expressed opposition to the measure, it extends current funding levels set under former House Speaker Nancy Pelosi. It’s nearly the same set of circumstances that tested former House Speaker Kevin McCarthy just months ago – and precipitated his ouster, posing a major test for the new speaker. Adding to Johnson’s difficulties was a commitment from House Democrats to oppose anything but a clean continuing resolution. But lawmakers ultimately coalesced around a last-minute House continuing resolution that angered House conservatives and dealt McCarthy his final blow.

Persons: Mike Johnson, Johnson –, Johnson’s, ” Johnson, Nancy Pelosi, It’s, Kevin McCarthy, Johnson, there’s, ” Sen, Chris Murphy, Chuck Schumer, Schumer, McCarthy Organizations: Jan, Republicans, House Democrats, Connecticut Democrat, NBC Locations: Connecticut

☆ Morning Bid: Sidestepping Moody's rating twist
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: +5 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 26, 2023. It's the last of the three major rating agencies to maintain a top rating for the U.S. Treasury as Fitch lowered its rating in August and S&P removed its AAA in 2011. On one level, there's some relief the AAA rating was maintained despite the darker outlook. And that would at least keep the Federal Reserve at bay despite its warnings last week that another rate hike was still on the table. Line chart with data from LSEG Eikon show the U.S. consumer price index inflation, core CPI inflation and federal funds target rate from Jan. 2019 to Sep. 2023.

Persons: Brendan McDermid, Mike Dolan, Fitch, William Foster, Mike Johnson, China's, Joe Biden, Xi Jinping, Suella Braverman, David Cameron, Lisa Cook, Bank of England policymaker Catherine Mann, Tyson, Henry Schein Organizations: New York Stock Exchange, REUTERS, U.S . Treasury, AAA, Reuters, . House, Republican, Treasury, Federal Reserve, Tyson Foods, Walmart, Bank of England, Moody's, U.S . AAA, Thomson Locations: New York City, U.S, Wall St, San Francisco, New York

Eight of the 11 major S&P 500 sectors were in the red, with rate-sensitive real estate stocks (.SPLRCR) down 1.2% and leading declines. This week's economic data as well as speeches from Fed officials will provide clues on the trajectory of interest rates amid growing expectations that the Fed is done hiking borrowing costs. The major U.S. stock indexes have rebounded strongly this month, fueled by a stronger-than-expected earnings season and on hopes that U.S. interest rates are near their peak. The benchmark S&P 500 (.SPX) closed at near eight-week highs on Friday, while the tech-heavy Nasdaq (.IXIC) hit a two-month peak. The S&P index recorded 11 new 52-week highs and one new low, while the Nasdaq recorded 19 new highs and 82 new lows.

Persons: Brendan McDermid, Peter Cardillo, Cardillo, Mike Johnson, Abbott, advancers, Sruthi Shankar, Amruta, Maju Samuel Organizations: New York Stock Exchange, REUTERS, Boeing, Dow, Nasdaq, Federal Reserve, Treasury, Microsoft, Apple, Spartan Capital Securities, . House, Republican, Dow Jones, Novo Nordisk's, Bloomberg News, Max, NYSE, Thomson Locations: New York City, U.S, China, Bengaluru

☆ Avoiding a government shutdown is first major test for House Speaker Mike Johnson
▼ + stars: | 2023-11-13 | by ( Chelsey Cox | ) www.cnbc.com time to read: +3 min

House Republican held a Conference meeting to discuss party agenda. WASHINGTON — The government could shut down at the end of the week — unless House Speaker Mike Johnson, R-La., can get his contentious stopgap funding bill passed. The passage of a bipartisan stopgap measure is what prompted former House Speaker Kevin McCarthy's ouster in October. Democratic Rep. Debbie Wasserman Schultz on Monday said the continuing resolution is driven by the "irresponsible" conservative House Freedom Caucus. Johnson said on Saturday that the continuing resolution places House Republicans "in the best position to fight for conservative victories" by separating it from debates over supplemental funding.

Persons: Mike Johnson, WASHINGTON —, Kevin McCarthy's, Debbie Wasserman Schultz, Monday, Wasserman Schultz, Chip Roy, Karine Jean, Pierre, Saturday, Jean, Johnson Organizations: U.S, Capitol, House Republican, WASHINGTON, Democratic, Caucus, Fla, State and Defense, White House, Republican, Republicans, Food and Drug Administration Locations: Washington ,, Israel, Texas, Mexico, Ukraine, Southern, Jan

☆ Mike Johnson adds an interesting twist to the familiar government shutdown plotline
▼ + stars: | 2023-11-13 | by ( Zachary Wolf | Analysis Zachary B. Wolf | ) edition.cnn.com time to read: +4 min

The broad outlines of the government spending fight as it stands in November are the same as they were in October. Funding expires after Friday, November 17, and lawmakers do not have a definitive plan to pass a stopgap government funding bill. A procedural vote Tuesday will identify how many Democrats Johnson will need to pass his version of the bill. CNN has identified eight House Republicans currently opposed to Johnson’s laddered approach, and he can only afford to lose four. If Johnson opts to pass the bill without a majority built only of Republicans, it would require a large number of Democrats to set aside House rules.

Persons: ►, CNN’s Lauren Fox, Kevin McCarthy, Mike Johnson, Johnson, McCarthy, ” Johnson, Joe Biden, “, ” Biden, “ I’m, ” CNN’s Manu Raju Organizations: CNN, Republicans, ►, Capitol, Veterans Affairs, Energy Department –, White Locations: Israel, Ukraine

☆ House speaker's plan to avoid shutdown meets resistance from both parties
▼ + stars: | 2023-11-12 | by ( David Morgan | ) www.reuters.com time to read: +5 min

"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

☆ An aggrieved McCarthy weighs leaving the House with his GOP foes on his mind
▼ + stars: | 2023-11-12 | by ( Manu Raju | Sam Fossum | ) edition.cnn.com time to read: +8 min

McCarthy continually accused Gaetz of only going after him because of a House Ethics Committee probe he’s facing, a charge the GOP hardliner has repeatedly denied. “If the Ethics Committee never does anything to Gaetz, then Gaetz was successful in stopping probably what rightfully should come to him,” McCarthy said. Asked if he were concerned about Johnson’s approach to Gaetz, McCarthy said: “That’s a question for Speaker Johnson. It’s not good for the House,’” McCarthy said of Pelosi. Asked if he had thought he would make it two years as speaker, McCarthy said: “I never knew.”McCarthy credited Trump for his winning the gavel.

Persons: Kevin McCarthy, McCarthy, Donald Trump, Matt Gaetz, Gaetz, GOP hardliner, “, ” McCarthy, Mike Johnson’s, –, Johnson doesn’t, Johnson, ”, ” Gaetz, Harry Truman, he’d, Franklin Roosevelt’s, “ I’m, hasn’t, Hakeem Jeffries, —, Nancy Pelosi, Pelosi, ‘, We’d, It’s, ’ ” McCarthy, ” Aaron Bennett, ” Bennett, Pelsoi, Trump, ” Haley Talbot, Shania Shelton Organizations: CNN, Former, Republicans, California Republican, GOP, Republican, Congressional, Fund, American Action, Louisiana Republican, New York Democrat, Capitol, Trump, Florida Republican Locations: California, Florida, Washington, Louisiana

☆ US House Speaker unveils measure to avoid shutdown
▼ + stars: | 2023-11-12 | by ( Reuters Editorial | ) www.reuters.com time to read: 1 min

PoliticsUS House Speaker unveils measure to avoid shutdownPostedU.S. House of Representatives Mike Johnson unveiled a Republican stopgap spending measure on Saturday (November 11), aimed at averting a government shutdown, but the measure quickly ran into opposition from lawmakers from both parties in Congress. Angela Johnston reports.

Persons: Mike Johnson, Angela Johnston Organizations: US, House, Republican

☆ A GOP lawmaker frustrated by Nancy Mace's opposition to a recent spending bill texted colleagues a link to a video entitled 'How to talk to a Narcissist'
▼ + stars: | 2023-11-12 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

A GOP lawmaker texted colleagues a video he said described his feelings about her, WaPo reported. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . A GOP lawmaker was so frustrated with Mace during the process that the individual sent out a link in a group text to a video entitled, "How to talk to a Narcissist," according to The Washington Post. AdvertisementAdvertisementAnother House GOP lawmaker who was included in the text thread told The Post that the linked video encapsulated his feelings about the high-profile lawmaker. "I think he meant he supported the same policy ideas as David Duke, but he wasn't David Duke, that he didn't have the same feelings about certain people as David Duke did," Grace told the newspaper at the time.

Persons: Nancy Mace, texted, WaPo, —, Kevin McCarthy of, Mace, McCarthy, Steve Scalise, Jim Jordan of, Tom Emmer, Minnesota —, David Duke, Stephanie Grace, Scalise, Grace, Mike Johnson's, We've Organizations: GOP, Service, South Carolina Republican, The Washington, Post, Republicans, CNN, New York Times, American Unity and Rights Organization Locations: Kevin McCarthy of California, Louisiana, Jim Jordan of Ohio, Minnesota, Scalise, American

☆ House Republicans unveil their plan to avert a government shutdown next week
▼ + stars: | 2023-11-11 | by ( Scott Wong | Julie Tsirkin | ) www.cnbc.com time to read: +6 min

WASHINGTON — House Republicans on Saturday unveiled their stopgap funding bill to avert a government shutdown set to begin next weekend. GOP hardliners had been pushing Johnson to include budget cuts as part of his two-tiered CR plan, a source involved in discussions told NBC News. "My opposition to the clean CR just announced by the Speaker to the @HouseGOP cannot be overstated. The laddered plan has the backing of Congress' most conservative members, including Republicans who normally never vote for stopgap bills. "I want a clean CR," declared Connecticut Rep. Rosa DeLauro, the top Democrat on the Appropriations Committee.

Persons: Mike Johnson, Johnson, Chip Roy, Texas, Roy, Pelosi, Ken Buck, Rosa DeLauro, Hakeem Jeffries, Chuck Schumer, Schumer, Dan Bishop, you've, that's, Bishop Organizations: U.S, Capitol, WASHINGTON —, Republicans, Saturday, Israel, GOP, NBC News, One, Republican, House Republicans, Democratic, Caucus, CR, Senate, Connecticut Rep, House Republican, North Locations: Hama, Gaza, Washington , DC, Ukraine, Southern, Connecticut, New York, Israel, North Carolina

☆ US House Speaker Johnson Floats Two-Step Measure to Avert Gov't Shutdown
▼ + stars: | 2023-11-11 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +5 min

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

☆ US House Republicans eye plan to avert government shutdown as Moody's warns
▼ + stars: | 2023-11-11 | by ( David Morgan | ) www.reuters.com time to read: +5 min

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

CNN —House Republicans are pursuing a two-step plan for funding the government, three sources familiar with the matter told CNN, as Congress barrels toward another spending deadline next Friday. While Johnson embraced the right wing of his conference by pitching the two-step approach, he didn’t fully cave to their wishes. The package does not include the deep spending cuts that his right flank pushed for but instead extends funding at its current levels. “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 Saturday. The second part of the bill, which would extend funding until February 2, would include funding for the rest of the government.

Persons: Mike Johnson, “, Johnson, ” Johnson, Karine Jean, Pierre, ”, ” Jean, Chip Roy, Hakeem Jeffries, Shania Shelton Organizations: CNN — House Republicans, CNN, GOP, Republicans, Veterans Affairs, Energy Department, Republican, Democratic, ” “, appropriators, Caucus Locations: ”, Israel, Ukraine

The approach is unusual for a stopgap spending bill. Johnson decided to go with the combination approach, addressing concerns from GOP lawmakers seeking to avoid being presented with a massive spending bill just before the holidays. “The bill will stop the absurd holiday-season omnibus tradition of massive, loaded up spending bills introduced right before the Christmas recess." A document explaining Johnson’s proposal to House Republicans, obtained by The Associated Press, said funding for four spending bills would be extended until Jan. 19. House Republicans pointed to the national debt, now exceeding $33 trillion, for Moody's decision.

Persons: Mike Johnson, Johnson, Joe Biden, Chip Roy, “, Pelosi, ’ ”, Karine Jean, Pierre, Kevin McCarthy Organizations: WASHINGTON, —, Republicans, “, Democratic, Treasury Department, Small Business Administration, House Republicans, The Associated Press, Veterans, State Department , Homeland Security, GOP, Moody’s Investors Service Locations: Israel, Ukraine, U.S, Mexico, Southern, Texas

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

☆ US House Republicans plan shutdown-averting measure amid credit warning
▼ + stars: | 2023-11-10 | by ( David Morgan | ) www.reuters.com time to read: +2 min

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

☆ US House Republicans aim to release shutdown-averting measure Saturday
▼ + stars: | 2023-11-10 | by ( David Morgan | ) www.reuters.com time to read: +2 min

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

☆ Moody’s sends a warning to America: Your last AAA credit rating is at risk
▼ + stars: | 2023-11-10 | by ( Jason Moon | Elisabeth Buchwald | ) edition.cnn.com time to read: +4 min

New York CNN —The United States is one step closer to losing its last perfect credit rating after Moody’s Investors Service changed the outlook of the nation’s debt to negative on Friday after markets closed. These effects would likely be even more painful if Moody’s does eventually downgrade the US debt. The nation’s diminished fiscal strength, undone by extreme partisanship in Washington, was a key driver of the action, according to a statement from Moody’s. Standard and Poor’s downgraded the United States for the first time in 2011, following the debt ceiling standoff then. In August, Fitch Ratings knocked America’s credit rating down after the most recent debt ceiling debate.

Persons: America’s, Wally Adeyemo, “, Moody’s, Poor’s, Kevin McCarthy, Mike Johnson, Johnson, Karine Jean, Pierre Organizations: New, New York CNN, Moody’s Investors Service, United, AAA, Fitch, House Press, Republican, Treasury Locations: New York, United States, Washington, Moody’s, ”, American

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