• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Editor's Pick

US House speaker defends stopgap spending as some Republicans, Musk balk

by December 18, 2024
written by December 18, 2024

WASHINGTON (Reuters) – U.S. House Speaker Mike Johnson defended a stopgap measure aimed at funding the federal government through mid-March and averting a partial government shutdown despite complaints from some fellow Republicans and Donald Trump ally Elon Musk.

Johnson, in an interview on Fox News, said the bill was necessary to keep the government operating until U.S. President-elect Trump and his fellow Republicans had full control of Congress and could fully enact promised bigger spending changes.

Tesla (NASDAQ:TSLA) founder Musk, who along with fellow businessman Vivek Ramaswamy were tasked by Trump to lead an outside advisory panel that they say will make the government more efficient, balked at the spending bill and urged lawmakers to reject it.

“This bill should not pass,” Musk wrote in an early morning post on X.

Johnson told Fox that he had spoken with Musk and Ramaswamy about the bill’s circumstances Tuesday night, including the 219-211 majority Republicans hold in the chamber while Democrats still control the Senate and White House until next month.

“Elon and Vivek and I are on a text chain together, and I was explaining to them the background of this,” he said. “They understand the situation.”

Other Republican lawmakers voiced opposition to the bill, which must pass by Friday night in order to prevent a partial shutdown that would start on Saturday unless Congress acts.

The tentative deal would likely keep the roughly $6.2 trillion federal budget at its current level, and includes $100.4 billion in fresh disaster aid as well as $10 billion in economic aid for farmers.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Foxconn discusses Nissan bid for electric vehicle expansion- WSJ
next post
US single-family housing starts rebound in November

You may also like

China central bank conducts 1.7 trln yuan of...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

ECB president fears loss of central bank independence

January 27, 2025

European tech shares tumble as China’s AI push...

January 27, 2025

Futures slip as investors eye China’s latest AI...

January 27, 2025

Markets may be repeating the mistake of 2019,...

January 27, 2025

How billionaire Caltagirone could influence Italy’s banking M&A...

January 27, 2025

How Italy’s MPS went from near collapse to...

January 27, 2025

Analysis-To weather Trump, emerging market investors look to...

January 27, 2025

Chinese AI startup DeepSeek overtakes ChatGPT on Apple...

January 27, 2025
Sign up and get the scoop before anyone else—fresh updates, and secret deals, all wrapped up just for you. We're talking juicy tips, fun surprises, and invites to events you actually want to go to. Don’t just watch from the sidelines—jump in and be part of the magic!








    By signing up, you're cool with getting emails from us. Don’t worry — your info stays safe, sound, and strictly confidential. No spam, no funny business. Just the good stuff.

    Recent Posts

    • Elon Musk’s SpaceX acquires xAI

      February 25, 2026
    • The architect of Amazon’s supply chain on running a startup with your spouse

      February 25, 2026
    • Trump administration alleges Nike discriminated against white workers

      February 25, 2026
    • Landmark trial accusing social media companies of addicting children to their platforms begins

      February 25, 2026

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (688)
    • Stock (6,426)

    Latest News

    • Elon Musk’s SpaceX acquires xAI
    • The architect of Amazon’s supply chain on running a startup with your spouse

    Popular News

    • China’s growth seen slowing to 4.5% in 2025 as US tariffs bite: Reuters poll
    • Cinven secures Italian nod to sell minority stake in Synlab to Labcorp

    About The Significant deals

    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2026 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy