(PartiallyPolitics.com) – On Thursday President Joe Biden warned that if the Republicans proceeded with their push for heavy spending cuts, then the federal government would need to be shut down, affecting both Americans and the country’s economy. To keep the government from shutting down for the fourth time in a decade, Congress must pass either a long- or short-term funding bill.
This has proved to be challenging as the Republican-controlled House of Representatives is looking to achieve different things than the Democratic-controlled Senate. The bill will also need to be signed into law by Biden. Congress is going to have 12 days in session before they reach the deadline for funding the U.S. government on Sept. 30.
Certain House Republicans are pushing for spending cuts for the 2024 fiscal year of around $1.47 trillion, which is $120 billion lower than the amount that the White House and House Speaker Kevin McCarthy had agreed on in May during the debt ceiling negotiations. Both the White House and the Senate, including minority leader Mitch McConnell (R) have opposed the demands of the House.
In his speech at Prince George’s Community College in Maryland, Biden stated that the Republicans were threatening to break their commitment and push for more spending cuts, and to shut down the government. He added that while the GOP is dedicated to attacking his economic plan they have not made a plan about what they want to do. He then claimed that their “MAGAnomics” were the more extreme cuts that America has seen.
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