Donald Trump opposes stopgap funding, warns GOP on debt ceiling demand

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But the legislation also includes some sweeteners: $100 billion in disaster relief in the aftermath of devastating hurricanes and the collapse of Baltimore’s Key Bridge, an extension of the farm bill for one year with $10 billion in additional aid payments to farmers and $500 million for childcare funds.

The amount of GOP opposition to the bill calls into question the longevity of his speakership, following his predecessor Kevin McCarthy’s ouster over Republican discontent over funding deals some lawmakers say spent too much and prioritized Democratic asks.

Donald Trump said he wanted lawmakers to include an increase to the debt ceiling in the package.

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Article Details

Category: BusinessFinance

Markets: IndiaChina

Topics: JD Vance Republicans Stopgap funding Trump Government shutdown Elon Musk Vivek Ramaswamy Debt ceiling GOP Federal budget MAGA Mike Johnson Political news US Congress Donald Trump Federal funding

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-19 @ 07:52:57 (14 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 923 words

Reading Time: 6 minutes read

Sentences: 34 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 24542985

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