Economic news

White House official not optimistic about averting partial government shutdown

2024.01.05 12:37


© Reuters. FILE PHOTO: Shalanda Young, Director of the Office of Management and Budget, speaks to the media during the daily press briefing at the White House in Washington, U.S., September 29, 2023. REUTERS/Evelyn Hockstein/File Photo

By David Shepardson

WASHINGTON (Reuters) -White House budget director Shalanda Young said Friday she is not optimistic about reaching a deal to avoid a partial government shutdown later this month.

“I wouldn’t say pessimistic but I’m not optimistic,” Young said at a breakfast meeting with reporters sponsored by the Christian Science Monitor, citing a trip by House Republicans this week to the U.S.-Mexico border and comments by some lawmakers advocating for a partial shutdown with two weeks remaining. “The rhetoric this week has concerned me that (a shutdown) is the path that House Republicans are headed down.”

Congress returns to Washington next week to tackle Jan. 19 and Feb. 2 deadlines for settling government spending through September, amid Republican demands to reduce fiscal 2024 discretionary spending below caps agreed in June.

Lawmakers also hope to pass emergency aid for Ukraine and Israel, possibly with unrelated U.S. border security provisions attached.

Young urged House Republicans to reach a deal on border security and policy reforms. Republicans are not going to “get everything they want and people have to know how to take a deal.”

She again made an urgent call for Congress to approve more funding for Ukraine. “We have got to get to a deal, not start from scratch with new talks,” Young said. “This is dire.”

She said it is not just about the direct funding to Ukraine from the United States “but what signal that sends across the world.”

Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 82,069.99 0.54%
ethereum
Ethereum (ETH) $ 1,883.26 1.35%
tether
Tether (USDT) $ 1.00 0.01%
xrp
XRP (XRP) $ 2.32 7.33%
bnb
BNB (BNB) $ 583.61 4.35%
solana
Solana (SOL) $ 125.28 0.51%
usd-coin
USDC (USDC) $ 1.00 0.00%
cardano
Cardano (ADA) $ 0.719362 0.55%
dogecoin
Dogecoin (DOGE) $ 0.16849 2.39%
tron
TRON (TRX) $ 0.22622 2.50%
staked-ether
Lido Staked Ether (STETH) $ 1,882.82 1.35%
lombard-staked-btc
Lombard Staked BTC (LBTC) $ 82,872.20 0.10%
pi-network
Pi Network (PI) $ 1.63 0.14%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 81,847.93 0.26%
leo-token
LEO Token (LEO) $ 9.73 0.59%
stellar
Stellar (XLM) $ 0.287914 14.34%
chainlink
Chainlink (LINK) $ 13.15 0.99%
usds
USDS (USDS) $ 1.00 0.02%
hedera-hashgraph
Hedera (HBAR) $ 0.193966 1.76%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,252.26 1.48%
avalanche-2
Avalanche (AVAX) $ 18.58 3.34%
shiba-inu
Shiba Inu (SHIB) $ 0.000012 0.78%
sui
Sui (SUI) $ 2.24 1.42%
the-open-network
Toncoin (TON) $ 2.77 4.30%
litecoin
Litecoin (LTC) $ 89.17 0.33%
bitcoin-cash
Bitcoin Cash (BCH) $ 333.53 1.42%
mantra-dao
MANTRA (OM) $ 6.45 1.17%
polkadot
Polkadot (DOT) $ 4.00 2.34%
ethena-usde
Ethena USDe (USDE) $ 0.999624 0.03%
weth
WETH (WETH) $ 1,882.42 1.29%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999405 0.08%
bitget-token
Bitget Token (BGB) $ 4.19 1.16%
whitebit
WhiteBIT Coin (WBT) $ 28.51 0.90%
hyperliquid
Hyperliquid (HYPE) $ 12.24 6.21%
monero
Monero (XMR) $ 207.88 0.80%
wrapped-eeth
Wrapped eETH (WEETH) $ 1,999.12 1.28%
uniswap
Uniswap (UNI) $ 5.95 1.70%
susds
sUSDS (SUSDS) $ 1.04 0.06%
dai
Dai (DAI) $ 1.00 0.05%
near
NEAR Protocol (NEAR) $ 2.58 6.35%
aptos
Aptos (APT) $ 5.08 0.09%
pepe
Pepe (PEPE) $ 0.000007 6.93%
ethereum-classic
Ethereum Classic (ETC) $ 17.86 3.02%
ondo-finance
Ondo (ONDO) $ 0.848551 1.26%
internet-computer
Internet Computer (ICP) $ 5.50 3.08%
aave
Aave (AAVE) $ 171.72 3.06%
okb
OKB (OKB) $ 42.22 2.73%
gatechain-token
Gate (GT) $ 20.45 2.71%
mantle
Mantle (MNT) $ 0.737058 0.23%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 82,041.98 0.52%