A possible deal on a stopgap spending bill to avert a preelection government shutdown looked uncertain late Friday, after House Speaker Nancy Pelosi, D-Calif., failed to come to terms with Treasury Secretary Steven Mnuchin.
Two Republican aides familiar with the situation said Pelosi had essentially backed out of a deal with Mnuchin that would have traded farm bailout money the White House wants for $2 billion in child nutrition spending Democrats want.
A Democrat aide denied there was any deal in the first place, but said Pelosi was pushing Mnuchin for higher spending on child nutrition in exchange for the farm bailout funds. All the aides spoke on the condition of anonymity.
Next steps were unclear. All sides had agreed that the deal would extend government funding through Dec. 11. House Democrats had hoped to file the legislation on Friday, but it appeared that Monday would be the earliest that could happen.
It also was uncertain if a bipartisan agreement would be reached at all — or if House Democrats would file a bill without Republican support, and move forward from there.
Failure to pass the stopgap spending bill by the end of the month would lead to a shutdown on Oct. 1, just weeks before the election.
✅ ✅ ✅ What To Do Next ✅ ✅ ✅
1. Do you want direct, breaking news alerts from Ignition Time? Get your cell phone out and from your cell phone, send an SMS:
TEXT IGNITION TO 70000
or
TEXT TIME TO 70000
FOLLOW INSTRUCTIONS VIA TEXT, ACCEPT OUR DISCLAIMER & RECONFIRM YOUR EMAIL to get breaking news alerts that are fair and balanced.
2. Get on our email list for email alerts:
Opt out of email or SMS alerts at any time.
3. Bookmark our channel so you never miss a single video, and no more waiting for notifications – visit our channel to see the latest videos.
4. Follow us on Instagram for exclusive content only on Instagram!
Related Videos:
MONEY – MAKE IT, SAVE IT, GROW IT
Managing your Money Crash Course
ECONOMY & CURRENT AFFAIRS
Unemployment Benefits Crash Course
POLITICS & IMPORTANT ALERTS
References: