Economy

Lawmakers brace for brutal new government spending fight on heels of last shutdown battle

Spending hawks in Congress are growing antsy about starting discussions on how to fund the government in fiscal year 2025.

Congress only recently completed the appropriations process for fiscal year 2024, roughly six months after it began Sept. 30. And, in that time, disagreements over federal funding prompted conservative lawmakers to tank their own party’s bills in protest of leadership’s decisions. 

Spending disagreements also led to the ouster of Kevin McCarthy, R-Calif., as speaker and led to a motion to vacate being filed against Speaker Mike Johnson, R-La., Friday.

A significant share of Republicans also broke from their own party to oppose nearly every bipartisan spending agreement crafted between the House GOP majority and Senate Democrats, demonstrating the party’s deep fiscal fractures.

‘Am I confident? No,’ one GOP lawmaker told Fox News Digital when asked if the appropriations process will improve for fiscal year 2025. ‘I hope it does. But, I mean, there’s been no indication for the last 30 years, 25 years, that it’s going to [improve].’

Rep. Scott Perry, R-Pa., a former House Freedom Caucus chairman who opposed each of the bipartisan spending deals, suggested he’s concerned his faction of the House GOP will be disappointed again in the next round.

‘Yes, of course we’re behind,’ Perry said. ‘We’re halfway into the year.’

On the Senate side, Sen. Roger Marshall, R-Kan., led a letter to GOP Conference Chair Sen. John Barrasso, R-Wyo., requesting an urgent meeting on the spending process.

‘As we rush to finalize the 2024 FY budget — months after the fiscal year has started — we are already behind on the 2025 budget deadlines set in statute. Reform is needed, and it is vital that we as a Conference debate how to get our budget process on track,’ Marshall wrote.

Both House Republicans and the White House initiated their sides of the process by submitting budget proposals, each predictably panning the other’s plans. 

Republican Study Committee Chairman Rep. Kevin Hern, R-Okla., whose large House GOP group unveiled its own budget proposal, called for a House vote on each of the plans, though he did not say if he was concerned about the current pace.

‘Go ahead and get it done. Get the vote done and see where it lies and where the outcome is. And then let’s get the budget done and get the appropriators working on the FY25 budget,’ Hern said.

However, another GOP lawmaker, who spoke on the condition of anonymity, expressed optimism colleagues learned from prior mistakes.

‘We’re a little bit behind from a schedule, like a calendar perspective, from where we want to be,’ the GOP lawmaker said. ‘We have a real clarity of mind right now of what went wrong, and so, you know, in some respects, the best way to stay on task. We just got done with appropriations, so now we know exactly what we need to do the next time.’

This post appeared first on FOX NEWS

You May Also Like

Investing

Overview The world of business technology has evolved. Driven by the shift towards distributed work and cloud application delivery, enterprise infrastructure is undergoing a...

Investing

Overview Hempalta Corp. (TSXV:HEMP) is engaged in processing industrial hemp at scale to produce a range of consumer and commercial products. Its proprietary processing...

Investing

Overview ALX Resources (TSXV:AL,FWB:6LLN,OTC:ALXEF) is dedicated to providing shareholders with multiple opportunities for discovery by exploring a portfolio of prospective mineral properties, which include...

Investing

Overview Flynn Gold Limited (ASX: FG1) is an Australian mineral exploration company with a portfolio of projects in Tasmania and Western Australia. Tasmania is...

Disclaimer: gorgeousincome.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2024 gorgeousincome.com