US Sen. Brian Schatz (D-Hawaii) called for additional disaster relief funding when Congress returns in November. Speaking on the Senate floor, Schatz stressed the need to provide disaster survivors on Maui and in other disaster-impacted communities with flexible, long-term assistance in the form of Community Development Block Grant-Disaster Recovery (CDBG-DR) funding. The said this will enable them to rebuild their homes and communities as quickly as possible.
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Luke Harrison discusses Niche Markets Listen to the interview on the Business Innovators Radio Network: Interview with Luke Harrison with Olin & Associates, Discussing Niche Markets – Business Innovators Radio Network Luke Harrison from Olin and Associates to discuss the intriguing world of niche markets. Luke explains that niche markets are highly specialized segments that […]
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Congress on Wednesday passed a temporary measure that keeps government agencies funded into December, avoiding a shutdown for now while punting final spending decisions until after the Nov. 5 election.The Senate approved the measure by a vote of 78-18 shortly after the House easily approved it. The bill generally funds agencies at current levels through Dec. 20. But an additional $231 million was included to bolster the Secret Service after the two assassination attempts against Republican presidential nominee Donald Trump. Money was also added to aid with the presidential transition, among other things.The bill now goes to President Joe Biden’s desk to be signed into law.This bipartisanship is a good outcome for America, Senate Majority Leader Chuck Schumer said moments before the vote. I hope it sets the tone for more constructive, bipartisan work when we return in the fall.House Speaker Mike Johnson, R-La., billed the measure as doing only what’s absolutely necessary,” a statement directed at members of his own conference concerned about spending levels.Still, it was a no-go for some Republicans, which forced House GOP leadership to rely on Democratic votes to pass the bill through a process that requires at least two-thirds support from voting members. Johnson said the only alternative to the continuing resolution at this stage would have been a government shutdown.It would be political malpractice to shut the government down,” Johnson said. “I think everyone understands that.The House floor was largely empty during debate on the measure. Rep. Chip Roy, R-Texas, was the lone critic speaking out, saying, We end up in a vicious circle every year, the same vicious circle.Lawmakers in both chambers are anxious to return to their home states and districts to campaign, smoothing the path for passage of a temporary funding fix. But more arduous fiscal negotiations await them at the end of the year.Under terms of a previous deal to avoid a federal default and allow the government to continue paying its bills, spending for defense and nondefense programs would rise 1% next year.The Senate has been charting a course to go above that level, while House Republicans have been voting for steep cuts to many nondefense programs, and they have attached policy mandates to the spending bills that Democrats overwhelmingly oppose. So a final agreement will be difficult to reach.In the meantime, the temporary bill will mostly fund the government at current levels, with a few exceptions like the funding infusion for the Secret Service.The $231 million for the Secret Service does come with strings attached. It’s contingent upon the agency complying with congressional oversight. The bill also allows the Secret Service to spend its allocations faster if needed.Everybody understands that’s critically important right now, Johnson said of the Secret Service money.Trump thanked lawmakers for the extra Secret Service funding at a campaign event Wednesday. He had earlier called on Republicans not to move forward on a spending bill without also including a requirement that people provide proof of citizenship when registering to vote. That legislation failed in the House last week.In a recent letter, the Secret Service told lawmakers that a funding shortfall was not the reason for lapses in Trumps security when a gunman climbed onto an unsecured roof on July 13 at a rally in Butler, Pennsylvania, and opened fire. But acting Secret Service Director Ronald Rowe Jr., also made clear the agency had immediate needs and that hes talking to Congress.The Secret Service has asked for this additional funding. It’s absolutely essential as they deal with the increased threat environment, said Sen. Susan Collins, the top Republican on the Senate Appropriations Committee.The continuing resolution is needed because Congress is nowhere close to completing work on the dozen annual appropriations bills that fund much of the federal government. The House has passed five of the 12 bills, mostly along party lines. The Senate has passed zero.Republicans blame the current impasse on Senate Democrats for not putting the dozen appropriations bills on the Senate floor for a vote, where they then could be reconciled with the House bills during negotiations. But Democrats counter that House Republicans are acting in bad faith, bogging the process down by undercutting an agreement that former Speaker Kevin McCarthy negotiated with the White House over spending caps for the 2024 and 2025 budget years.Rep. Rosa DeLauro, the top Democratic member of the House Appropriations Committee, said her party will accept nothing less than the 1% increase specified in that agreement. Also, if Republicans seek more than that for defense, there must be dollar for dollar parity for nondefense,” she said.We know where we have to end up. And it is my hope that this bill will provide the bipartisan momentum needed to get there, DeLauro said.The White House called on both chambers to pass the stopgap bill, while cautioning that it did not provide adequate funding to help communities recover from natural disasters and failed to include enough funding for health care provided through the Department of Veterans Affairs.Johnson warned that when the new extension expires in December, he will not support a massive, catchall bill to fund the government, referred to as an omnibus, so another stopgap may be needed that would allow the new president and Congress to have the final say on fiscal year 2025 spending levels.I have no intention of going back to that terrible tradition, Johnson said.Sen. Patty Murray, the Democratic chair of the Senate Appropriations Committee, urged House Republicans not to follow the loudest voices on the far right in the spending negotiations for the full-year bill.You cannot strike a deal to govern with people who do not really want to govern,” Murray said.
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Value Bet columnist Matt Brocklebank highlights some helpful hints for punters heading into a busy period when the Flat and jumps worlds collide throughout autumn.