Commodities and Futures News

U.S. House breaks legislative logjam, advances Republican bills

2023.06.13 15:45


© Reuters. FILE PHOTO: U.S. House Speaker Kevin McCarthy (R-CA) speaks to reporters on Capitol Hill in Washington, U.S., June 8, 2023. REUTERS/Amanda Andrade-Rhoades/File Photo

By David Morgan

WASHINGTON (Reuters) – The Republican-controlled U.S. House of Representatives voted on Tuesday to allow debate on five bills, ending a week of legislative paralysis forced on the chamber by hardline Republican conservatives.

Lawmakers voted 218-209 to take up legislation that was delayed last week by a protest over the debt ceiling deal between Republican Speaker Kevin McCarthy and Democratic President Joe Biden that passed the House on May 31.

The procedural vote clears the way for House passage of the legislation. The bills stand little chance of success in the Democratic-controlled Senate.

The protest by roughly a dozen conservative hardliners shuttered the House floor for two days and forced McCarthy to send lawmakers home early last week. The speaker and his critics reached a temporary truce on Monday.

But the hardliners, who want deeper spending cuts than those included in the McCarthy-Biden debt ceiling bill, said they stand ready to derail other measures as they seek greater influence over the House agenda.

McCarthy and other key Republicans say they will push for deeper cuts as well.

The previously delayed bills would block new gas stove regulations, give Congress the ability to stop other new federal rules, and expand judicial oversight on regulatory issues.

Another bill would repeal a new firearms restriction on “stabilizing braces,” which functionally convert pistols into short-barreled rifles. Such weapons are considered particularly deadly and have been used in mass shootings.

Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 97,582.15 1.01%
ethereum
Ethereum (ETH) $ 3,364.24 0.21%
tether
Tether (USDT) $ 1.00 0.06%
solana
Solana (SOL) $ 250.63 2.54%
bnb
BNB (BNB) $ 663.54 0.21%
xrp
XRP (XRP) $ 1.40 8.65%
dogecoin
Dogecoin (DOGE) $ 0.418664 11.69%
usd-coin
USDC (USDC) $ 0.99959 0.04%
cardano
Cardano (ADA) $ 1.03 3.78%
staked-ether
Lido Staked Ether (STETH) $ 3,354.64 0.16%
tron
TRON (TRX) $ 0.210503 2.69%
stellar
Stellar (XLM) $ 0.561425 30.64%
avalanche-2
Avalanche (AVAX) $ 40.83 3.66%
the-open-network
Toncoin (TON) $ 6.14 7.71%
shiba-inu
Shiba Inu (SHIB) $ 0.000026 7.32%
wrapped-steth
Wrapped stETH (WSTETH) $ 4,003.99 0.75%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 97,270.06 1.14%
polkadot
Polkadot (DOT) $ 8.58 11.48%
chainlink
Chainlink (LINK) $ 16.99 1.44%
bitcoin-cash
Bitcoin Cash (BCH) $ 500.74 5.70%
weth
WETH (WETH) $ 3,372.82 0.39%
sui
Sui (SUI) $ 3.37 6.11%
pepe
Pepe (PEPE) $ 0.00002 8.50%
leo-token
LEO Token (LEO) $ 8.71 1.47%
near
NEAR Protocol (NEAR) $ 6.32 1.64%
litecoin
Litecoin (LTC) $ 97.85 4.40%
uniswap
Uniswap (UNI) $ 10.91 2.92%
aptos
Aptos (APT) $ 12.17 3.20%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,548.20 0.34%
hedera-hashgraph
Hedera (HBAR) $ 0.148372 0.29%
internet-computer
Internet Computer (ICP) $ 11.22 1.35%
usds
USDS (USDS) $ 0.999898 0.10%
crypto-com-chain
Cronos (CRO) $ 0.190673 0.15%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.553818 3.00%
ethereum-classic
Ethereum Classic (ETC) $ 28.55 3.17%
render-token
Render (RENDER) $ 7.79 0.33%
bittensor
Bittensor (TAO) $ 526.51 0.02%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.48 10.80%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.04%
kaspa
Kaspa (KAS) $ 0.149747 4.86%
whitebit
WhiteBIT Coin (WBT) $ 24.56 0.23%
cosmos
Cosmos Hub (ATOM) $ 8.89 14.11%
dai
Dai (DAI) $ 0.998929 0.14%
arbitrum
Arbitrum (ARB) $ 0.843176 2.53%
vechain
VeChain (VET) $ 0.042218 3.06%
bonk
Bonk (BONK) $ 0.000045 12.50%
filecoin
Filecoin (FIL) $ 5.65 9.91%
mantra-dao
MANTRA (OM) $ 3.68 6.09%
okb
OKB (OKB) $ 53.71 5.32%
dogwifcoin
dogwifhat (WIF) $ 3.17 7.52%