A shutdown was narrowly avoided over the weekend as the House and then the Senate passed short-term spending bills to keep the government operational. President Joe Biden signed the bill Saturday, funding federal agencies at current levels for the next three months. It didn’t include everything incoming president Donald Trump wanted, including a hike to the debt ceiling, which was rejected in an earlier draft of the budget bill. WRCR market analyst Connor Mahoney of Mahoney Asset Management says hiking the debt ceiling would have been a financially reckless move…
WRCR market analyst Ken Mahoney of Mahoney Asset Management says he’s looking forward to the day when budgets are simply drawn up and spending is kept to the most important projects…
The bill passed in the House with overwhelming support by a vote of 366 to 34, all the “no” votes were Republicans, and in the Senate the bill passed 85 to 11, with 10 of the “no” votes coming from Republicans and Independent Bernie Sanders.