U.S. House Passes Spending Bill to Avoid Government Shutdown, Senate in Doubt

Gold Silver Reports – U.S. House Passes Spending Bill to Avoid Government Shutdown — The House passed a spendingbill Thursday to avoid a U.S. government shutdown, but Senate Democrats say they have the votes to block the measure in a bid to force Republicans and President Donald-Trump to include protection for young immigrants.

The 230-197 vote came just over a day before current funding is set to run out at midnight Friday. The bill would keep the government open through Feb. 16 while all sides negotiate on longerterm funding for defense and domestic programs.

The Senate took an initial vote to advance the bill late Thursday, but was headed toward an additional procedural step requiring 60 votes, which Democrats say they will be able toblock. The Senate adjourned until Friday morning without taking further action.

Shortly before the House vote, Trump wrote on Twitter: “House of Representatives needs to pass Government FundingBill tonight. So important for our country – our Military needs it!”

In a show of strength, House Republicans had enough support within their own ranks to pass the measure without help from Democrats.

Some members of the conservative House Freedom Caucus withheld their support through much of the day Thursday, but reached a last-minute agreement with Speaker Paul Ryan to hold votes later on a conservative immigrationbill and a measure to boost defense spending without increasing non-defense spending.

Still, Senate Democrats said they have the votes to block the measure in their chamber. At least 10 of the 18 Democrats who voted for a temporary funding measure in December have publicly announced their opposition, and a Democratic aide said there won’t be enough party members who support the House bill.

Republicans would need at least a dozen Democratic votes to get the bill, H.R. 195, through the Senate after at least three of the 51 Republicans in the chamber said they would vote against it.

Congress has needed to extend current funding levels while congressional leadershaggle over how much to raise spending on defense and domestic programs and whether to give protection from deportation to at least 690,000 undocumented immigrants brought to the U.S. as children.

Democrats have been demanding that Congress act now to protect the young immigrants who are shielded under the Obama-era DeferredAction for Childhood Arrivals program, which Trump plans to end on March 5. Republicans want to pair that issue with stronger border security and restrictions on other immigration programs.

As passed in the House, the bill would fund the government for four weeks, extend the Children’s Health Insurance Program for six years and delay implementation of three taxes imposed by the Obama-era Affordable Care Act.

Trump threw a wrench into the talks Thursday morning by tweeting that he didn’t want the children’s health-insurance provision in the short-term spending bill. He said it “should be part of a long term solution, not a 30 Day, or short term, extension!” The White House later backtracked and said the president supported the spendingbill.

If Congress can’t agree on a spending bill by midnight Friday or soon after, about 800,000 federal workers face furloughs and many government functions would be closed. In past shutdowns, that meant national parkswere shuttered, some government contractors halted work and many agency functions, including release of economic statistics, were suspended. National security functions continued, as did others including air-traffic control and delivery of Social Security benefits.

2013 Shutdown

The last shutdown occurred in 2013 when Republican lawmakers unsuccessfully tried to eliminate funding of then-President Barack Obama’s signature legislative achievement, the Affordable Care Act. Republicans had the majority in the House, while Democrats held the Senate.

The GOP now controls both chambers of Congress and the White House, and Democrats are using the must-pass bill to force other policy concessions.

Read More: Gold Is Beating Everything Since the Fed Raised Rates

A Quinnipiac University poll released Thursday found that if there is a shutdown, blame would be divided: 34 percent say Democrats would be at most fault, 32 percent say Republicans would be most at fault, while 21 percent say Trump would be most at fault.

To avoid a government shutdown, the Senate can either pass the House temporary spending bill or make changes and send it back to the House for another vote. The House isn’t scheduled to be in session next week, but a shutdown may force members to stay. – Neal Bhai Reports

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Neal Bhai has been involved in the Bullion and Metals markets since 1998 – he has experience in many areas of the market from researching to trading and has worked in Delhi, India. Mobile No. - 9899900589 and 9582247600

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