Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Congress to push stop-gap funding bill with no border wall money

Published 12/19/2018, 11:08 PM
Updated 12/19/2018, 11:08 PM
© Reuters. U.S. Capitol building is seen on the morning of the 2018 U.S. midterm election in Washington

By Richard Cowan

WASHINGTON (Reuters) - The U.S. Senate on Wednesday passed legislation to fund several federal agencies through Feb. 8 and avert a partial government shutdown, but without including $5 billion for a U.S.-Mexico border wall that President Donald Trump demanded.

By a voice vote the Senate approved the stop-gap measure, sending it to the House of Representatives for passage before a midnight Friday deadline when existing funding expires for several federal agencies, including the Department of Homeland Security.

The bill would continue spending at current levels for about 25 percent of programs administered by Washington.

If approved by the House and signed by Trump, the measure would force a newly-seated Congress to begin 2019 facing yet another in a series of budget and border security fights.

By postponing longer-term decisions on spending for agencies that also include the departments of Justice, Commerce, Interior and Agriculture, Democrats will be in a somewhat stronger bargaining position next year when they take majority control of the House.

Democrats and many Republicans have challenged the wisdom of giving Trump $5 billion this year to build a wall - which carries an estimated $24 billion price tag - that they argue would be less effective in securing the border than building on a mix of tools already in place.

In a last-ditch attempt to resolve the impasse this year, McConnell on Tuesday proposed giving Trump a $1 billion fund that he could use at his discretion for border security.

Senate Democratic Leader Chuck Schumer labeled that a "slush fund" that would lack the votes to pass Congress.

On Wednesday, McConnell attacked Democrats for rejecting it, saying, "It seems like political spite for the president may be winning out over sensible policy."

The White House said on Tuesday it would search for already appropriated government funds to be redirected towards building the wall, since Congress was not cooperating with its request for the money.

It was a tacit acknowledgment that Congress was unlikely to fund the wall and marked a move away from Trump's tough rhetoric last week that he would be "proud" to shut down the government over wall funding.

But Schumer, speaking on the Senate floor on Wednesday, said the administration could not shift money around without Congress’ consent.

"The House and Senate will not approve a wall from reprogrammed funds or anything else. It won't happen," Schumer warned.

Trump accused Democrats in a Twitter post earlier on Wednesday of being willing to fund everything but "border security and the military," while his senior adviser Kellyanne Conway took Republican lawmakers to task for not pushing harder on the issue.

"On this, they're walking away," Conway said in an interview on Fox News.

© Reuters. U.S. Capitol building is seen on the morning of the 2018 U.S. midterm election in Washington

Just before passing the spending bill, a group of Democratic senators took the unusual step of singing Christmas songs in the chamber as other lawmakers engaged in serious conversation.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.