Connect with us

Hi, what are you looking for?

The Freedom RightThe Freedom Right

Investing

Freedom Caucus warns GOP leaders against spending ‘agreement’ with Dems as shutdown deadline looms

The House Freedom Caucus is accusing Democrats of trying to blow past already agreed upon spending levels to fund the government next year and is urging Republican leadership not to follow suit. 

In a statement sent to Fox News Digital just before the New Year, the ultra-conservative group pointed out that the U.S. national debt is ‘rapidly approaching’ $34 trillion. That is more than $100,000 per American, according to the national debt clock.

‘Unfortunately, members of the House and Senate have done little to force a course correction from this calamity. Indeed, many have been party to it,’ the group said.

‘Worse yet, we are extremely troubled that House Republican leadership is considering an agreement with Democrats to spend even higher than the modest $1.59 trillion statutory cap set six months ago by the Fiscal Responsibility Act, and to obscure the actual spending numbers with more shady side deals and accounting tricks. This is totally unacceptable.’

The bipartisan Fiscal Responsibility Act (FRA), borne from negotiations to raise the debt limit led by President Biden and former Speaker Kevin McCarthy, R-Calif., would set next year’s funding levels at a topline of $1.59 trillion.

However, Congress is able to approve additional funding if it’s deemed an ’emergency.’ A handshake agreement made at the time would also allow for roughly $69 billion in additional non-defense spending. 

Speaker Mike Johnson, R-La., signaled earlier this month that he is opposed to deals exceeding the $1.59 trillion cap in the FRA.

‘What we also agreed to was what’s written in the law, and that’s the [FRA] topline. The Senate has been projecting and writing well above that to, I don’t know, billions of dollars. That’s not what the law says,’ Johnson said at a December 12 press conference.

‘I came in as the new speaker and I said, again, as the rule of law team, we’re going to follow the law. So that’s where negotiations stand.’

But the details are still up in the air right now, with the House having left for the holidays on December 15 without publicly revealing a commitment to a specific topline number. 

‘As Congress negotiates FY 2024 government funding, Republicans must truly reduce programmatic spending year-over-year from the enacted FY 2023 level, and end the use of disingenuous gimmicks to conceal from Americans the real spending harm being perpetrated by their elected representatives,’ the Freedom Caucus said on Friday.

‘Anything less represents more failure and suffering for the American people. Republicans promised millions of voters that we would fight to change the status quo, and it is long past time to deliver.’

Under a short-term plan enacted by Johnson to buy lawmakers more time to negotiate, current government funding levels expire under two separate deadlines – January 17 for some agencies and February 2 for others.

The GOP-controlled House and Democrat-held Senate will have to strike a deal for fiscal year 2024 or at least another short-term extension by then, or they will risk plunging the government into a partial shutdown.

This post appeared first on FOX NEWS

Enter Your Information Below To Receive Latest News, And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Investing

    Vermont Sen. Bernie Sanders, 81, defended President Biden, 80, against voter critiques that he lacks the energy and vigor to continue leading the United...

    Editor's Pick

    By the IoT Analytics team. A new report from IoT Analytics highlights eight notable trends helping to advance and promote digital twins. Four of...

    Stock

    A second delivery driver has died in Texas amid record-high temperatures, just as the regulation of workplace heat safety enters a new legal limbo...

    Investing

    Political advisers to both President Biden and Vice President Harris were reportedly annoyed with Democrat California Gov. Gavin Newsom over a planned debate with...

    Disclaimer: thefreedomright.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 © 2020-2024 The Freedom Right. All Rights Reserved