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  1. #1
    Senior Member JohnDoe2's Avatar
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    House leaders strike budget deal, punt on immigration

    House leaders strike budget deal, punt on immigration


    House leaders unveil budget bill, race to avert partial shutdown

    Published December 10, 2014 FoxNews.com




    NOW PLAYINGWill Pelosi play ball with Boehner on spending deal?

    House leaders unveiled a $1.1 trillion spending bill Tuesday night that would avert a partial government shutdown while delaying a fight over President Obama's immigration actions until early 2015.

    The GOP-led House Appropriations Committee released the plan, which would keep most of the government funded through September 2015, following days of backroom negotiations.


    The government technically runs out of money at midnight Thursday. The narrow window raises the likelihood that lawmakers will have to pass a stopgap spending bill to buy time.


    The main spending bill next will go to the chamber’s rules committee to be prepared for debate and a likely full House vote by Thursday.


    The bill finances the day-to-day operations of every Cabinet department, provides more than $5 billion of President Obama's $6.2 billion request to combat Ebola at home and abroad, and allocates money to conduct overseas military operations, including funds to fight Islamic State extremists.


    However, the plan would only fund the Department of Homeland Security through Feb. 27, 2015. That is a move by House GOP leaders to tee up a debate in early 2015 over the president's recent executive action that could suspend deportation for as many as 5 million illegal immigrants.


    Some conservatives nevertheless want to wage that battle now, and use the current spending bill as leverage. Though the House voted last week against Obama's immigration plan, these lawmakers want to do more.


    Strong opposition to the House budget plan from the Republicans’ conservative caucus could force GOP chamber leaders to rely on Democratic votes to avert the government shutdown.


    House Speaker John Boehner can afford to lose only 17 caucus votes before he must turn to support from House Democratic Leader Nancy Pelosi.


    Pelosi, D-Calif., has said her party would be willing to help but has signaled she may make some demands.


    Among those expected to vote against the bill is South Carolina GOP Rep. Mike Mulvaney.


    “I don’t think we've proven to people who just re-elected us that we’re doing everything that we can,” he told FoxNews.com on Tuesday before the bill was released. “Now we’re going to fund the emperor (President Obama) without putting up a fight? That’s hard for me to swallow.”


    On the Senate side, conservatives such as Sens. Ted Cruz, R-Texas; Mike Lee, R-Utah; and Jeff Sessions, R-Ala., could create problems in passing the bill.


    They have pushed for an aggressive attack plan over Obama's immigration actions. If any chooses to filibuster, it could draw out the process, potentially pushing debate into the weekend -- requiring Congress to either pass a stopgap funding bill or risk at least a short partial shutdown.


    Senate Republican aides said Monday that they didn’t expect their bosses to fight in a way that risks a partial shutdown.


    They suggest that the timing, with the Senate not expected to take a crack at the bill until Thursday or later, makes it difficult to launch a major fight.


    "It cuts against us," one Republican Senate aide said. "Leadership has played its hand very well."


    Another top aide for a conservative senator said the battle comes down to how much the outside groups want to engage and “there's not a lot we can do."

    http://www.foxnews.com/politics/2014...spending-bill/

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    Senior Member JohnDoe2's Avatar
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    Senior Member JohnDoe2's Avatar
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    Senior Member JohnDoe2's Avatar
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    Bloomberg News

    Congress Deal to Avoid Shutdown Includes Victory for Banks

    By Heidi Przybyla and Erik Wasson December 10, 2014


    Congress will vote this week on a $1.1 trillion spending plan that would avert a U.S. government shutdown as Democrats agreed to roll back rules affecting banks, clean water and rest for truckers.

    The House will vote on the plan tomorrow, Speaker John Boehner told reporters today. The Ohio Republican said he looks “forward to it passing with bipartisan majorities in the House and the Senate in the coming days.”


    The deal was announced late yesterday after Democrats accepted Republican demands to ease regulations including the banking provision, a significant victory for big banks. It lets JPMorgan Chase & Co. (JPM:US), Citigroup Inc. (C:US) and other lenders keep swaps trading in units with federal backstops.


    VIDEO:
    Congress Spending Deal Also Eases `Sleepy’ Trucker Rules


    The measure is a compromise “that can and should have wide bipartisan support,” House Appropriations Chairman Hal Rogers, a Kentucky Republican, said in a statement yesterday. “Passage of this bill will show our people that we can and will govern responsibly.”


    While Democrats aren’t pleased about the policy changes, they said they beat back dozens of other provisions that Republicans had sought in the measure.


    “This agreement means no government shutdown and no government on autopilot,” said Senate Appropriations Chair Barbara Mikulski of Maryland, a Democrat who negotiated the plan with Rogers.


    VIDEO:
    Can Boehner, Pelosi Band Together to Avoid Shutdown?

    White House

    White House spokesman Josh Earnest said today, “I’m confident there are going to be some things in here we’re not going to like.

    We’re going to have to review the whole proposal before we decide whether to sign it.”


    Congress would have to enact a stopgap plan if the Senate doesn’t also pass the bill on Dec. 11, when current government funding ends.

    Senate Majority Leader Harry Reid has said the Senate may need to work through the weekend.


    The agreement on the spending bill allows Republican leaders to clear their agenda to advance other items next year when they control the Senate and have an expanded House majority. It also puts off a confrontation over immigration policy until early 2015.


    VIDEO:
    Boehner Expects Bipartisan Support to Pass Spending Bill


    While most of the government would be funded through September 2015, the Department of Homeland Security would be financed only through Feb. 27. Republicans want to use that agency’s spending bill to defund President Barack Obama’s decision to ease deportation rules for millions of undocumented immigrants.


    Stronger Position


    “We will be in a stronger position next year,” Boehner ally Tom Cole, an Oklahoma Republican, told reporters today. “Why would you pick a bar fight three weeks before the end of the year when your buddies are coming in January first?”

    Last year, Republican efforts to defund Obama’s health-care law led to a 16-day partial government shutdown. Since taking House control in 2010, Republicans have used a series of short-term spending bills to force deep spending cuts.


    STORY:
    Hachette Looks Like the Winner as Its War With Amazon Ends


    In addition to the Dodd-Frank measure on swaps trading, the new spending bill would allow exceptions to clean-water laws for agricultural refuse, and block the District of Columbia from spending money to legalize marijuana following a voter-approved measure allowing possession of as much as 2 ounces for personal use.


    Reid said earlier yesterday that if the House included the District of Columbia marijuana provision in the bill, “it’s going to be hard to take it out over here. But I oppose it.”


    Truck Drivers


    The plan would roll back safety rules aimed at ensuring truck drivers get enough rest, ignoring the pleas of consumer activists and Transportation Secretary Anthony Foxx.

    VIDEO:
    Bundesbank's Weidmann Speaks on Regulation, Bank Risk


    The provision would temporarily suspend rules that took effect last year while a study is conducted about the number of trucks driven on congested roads. Under the change, truckers would be able to work as many as 82 hours a week.


    Some Senate Democrats oppose the Dodd-Frank proposal, including Sherrod Brown of Ohio and Elizabeth Warren of Massachusetts. Warren in a statement today called the change “reckless.”


    Lawmakers included the measure in the 2010 Dodd-Frank law to protect taxpayers against bank losses after souring derivatives trades spurred a U.S. rescue of the financial industry in 2008.


    The Federal Reserve and Office of the Comptroller of the Currency provided a two-year delay in 2013 as long as banks take reasonable steps to move swaps to affiliates that don’t benefit from federal deposit insurance and discount borrowing.


    Risking Jobs


    Representative Maxine Waters, the top Democrat on the House Financial Services Committee, said in statement the measure would be “risking our homes, jobs and retirement savings once again.”

    The measure would allow a tenfold increase in donations that individuals can give national political parties each year, to $324,000 from $32,400, according to a statement by Fred Wertheimer, president of Democracy 21. The non-partisan group advocates for changes to campaign finance laws.

    http://www.businessweek.com/news/201...tory-for-banks

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    The headlines on Drudge Report read...

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    Senior Member JohnDoe2's Avatar
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  8. #8
    MW
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    Quote Originally Posted by JohnDoe2 View Post
    . . . Members voted 359-67 to pass the bill, which was opposed by 64 Republicans and three Democrats.
    The three Democrats who voted “no” were Reps. Raúl Grijalva (Ariz.), Rush Holt (N.J.) and Mike McIntyre (N.C.), a centrist Democrat who is retiring at the end of this Congress. . .

    http://thehill.com/blogs/floor-actio...ends-to-senate
    You do realize this article is dated January 24, 2014, right? When I initially saw it, I thought it was the 2015 bill that is supposedly due a vote tomorrow.

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    Senior Member JohnDoe2's Avatar
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  10. #10
    Senior Member JohnDoe2's Avatar
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    Quote Originally Posted by MW View Post
    You do realize this article is dated January 24, 2014, right? When I initially saw it, I thought it was the 2015 bill that is supposedly due a vote tomorrow.
    Ooops. My mix up. I deleted it.
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