A spending bill supported by President-elect Donald Trump failed in the US House of Representatives as dozens of Republicans defied his demands. The bill, which aimed to fund government operations and suspend the debt ceiling, was rejected by both Democrats and a significant number of Republicans. This setback raises concerns about a potential government shutdown if a new solution is not found before the deadline.
Previous fights over the debt ceiling have spooked financial markets as a US government default would send credit shocks around the world.A day before a potential government shutdown , the US Congress resoundingly rejected president-elect Donald Trump 's new plan to fund operations and suspend the debt ceiling .
The package would have increased spending and cleared the way for a plan that would add trillions more to the federal government's $US36 trillion debt. Republican House Speaker Mike Johnson gave no details when asked about next steps after the failed vote.A prior bipartisan deal was scuttled after Trump and the world's richest person Elon Musk came out against it on Wednesday.If politicians fail to extend that deadline, the US government will begin a partial shutdown that would interrupt funding for everything from border enforcement to national parks and cut off pay checks for more than 2 million federal workers.
Republicans dropped other elements that had been included in the original package, such as a pay raise for politicians and new rules for pharmacy benefit managers.
US Congress Donald Trump Government Shutdown Debt Ceiling Republican Party
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