House May Pass One Week Funding Bill To Avoid Shut Down As Negotiations Stall

It appears that contrary to expectations that Trump caving on the border wall would assure a US government shutdown is averted, Reuters reports the U.S. House of Representative could move soon to consider a stop-gap “can kicking” bill to fund the government for a week to avoid a shutdown at midnight on Friday and buy time to strike a deal for a long-term funding plan.

Reuters cited a House Republican source who said that a one-week bill would give lawmakers “a little breathing room” to complete negotiations on broader legislation, although it is unclear why if Democrats haven’t agreed with core GOP principals, they would agree next Friday.

Meanwhile, Democrats have said they would support a weeklong extension only if a deal on a longer-term plan was close to completion, and while a senior House Republican suggested that was the case, we very much doubt it. 

“We could get there today, we are not very far away,” Representative Tom Cole, a member of the House Appropriations Committee, told reporters.

Translation: we are very, very far away.


Source: ZeroHedge