Representatives on Capitol Hill spent all day Thursday scrambling to cobble together a deal to keep the government open, after pressure from President-elect Donald Trump and his billionaire ally Elon Musk sank must-pass legislation on Wednesday.
If lawmakers can’t agree and pass a continuing resolution — legalese for kicking the financial can down the road — by the end of the day on Friday, the government will shut down. Late on Thursday, Republicans presented a deal that Trump called a “SUCCESS,” while House Minority Leader Hakeem Jeffries (D-NY) called it “laughable” and insisted the caucus would not support anything but the originally negotiated plan.
While the new plan would fund federal agencies through March 14, and preserve provisions for disaster relief and farm aid, it also gives Trump a major concession. The bill would suspend America’s debt ceiling from Jan. 1, 2025, to Jan. 30, 2027, giving the president a break through his first round of midterm elections. Without Democratic votes, Republicans don’t have the numbers to pass the bill.
If the deal falls through, millions of Americans will see their government benefits halted, the military will work without pay, and much of the federal government will be furloughed just ahead of the Christmas and Hanukkah holidays.
We’re watching how Congress hammers its way out of this dilemma, but longer term, we have our eye on the influence of Musk, whose social media rampage — over 150 posts starting before dawn on Wednesday — kicked off this maelstrom.
