the staff of the Ridgewood blog
Washington DC, in a dramatic finish just past a midnight deadline, Congress successfully passed a stopgap funding bill to prevent a federal government shutdown. The continuing resolution, championed by House Speaker Mike Johnson (R-LA), cleared the Republican-controlled House with a decisive 366-34 vote on Friday. The Democratic-majority Senate followed suit early Saturday morning with an 85-11 vote. President Joe Biden is expected to sign the bill into law later today.
What the Stopgap Funding Bill Covers
The bill extends government funding at current levels through March 14, 2024, while allocating $100 billion in disaster relief funds and $10 billion for agricultural assistance to farmers. Notably, the measure excludes raising or suspending the debt ceiling—a contentious issue slated for separate discussions on tax and border policies next year.
Understanding the Debt Ceiling Debate
The U.S. debt ceiling is a cap on the amount the government can borrow to meet financial obligations, such as Social Security payments, military salaries, and interest on the national debt. After a suspension of the debt ceiling in June 2023, the nation’s debt has surged to approximately $36 trillion. The suspension is set to expire on January 1, reigniting debates over fiscal responsibility and economic strategy.
What’s Next?
As Congress prepares to tackle debt ceiling negotiations in the coming months, this temporary funding measure provides essential breathing room to avoid immediate financial chaos. Stay tuned for further updates on how lawmakers plan to navigate the delicate balance between fiscal discipline and meeting critical funding needs.
Follow the Ridgewood blog has a brand-new new X account, we tweet good sh$t
https://twitter.com/TRBNJNews
https://truthsocial.com/@theridgewoodblog
https://mewe.com/jamesfoytlin.74/posts
#news #follow #media #trending #viral #newsupdate #currentaffairs #BergenCountyNews #NJBreakingNews #NJHeadlines #NJTopStories
I loved the part where Johnson said that he spoke to Trump and Elon about this and all the reporters said “And why would you have to speak to Elon Musk about this?”
And Johnson said, “Well, Trump appointed him to head the Department of Government Efficiency.”
And the reporters said, “That’s nice but this so-called department doesn’t even exist.”
And Johnson said, “The agency will be in effect the moment Trump officially takes power.”
And then the reporters said, “It’s a little misleading to call it an agency or even a department, which makes it sound like an official federal governing body, when in fact it’s just a commission, on par with the President’s Council on Spinal Cord Injury and the Bears Ears National Monument Advisory Committee. It literally has zero power to do anything at all. So, again, what are you doing talking to Elon Musk about anything?”
it will have the power to offer solutions and humiliate the idiots
Textbook ‘begging the question’ fallacy.
And I’m pretty sure Elon is a private citizen and not an elected official, which is the point. They might as well just ask you. Except you’re not a billionaire. But we don’t need all that democracy/representative republic BS when you can just ask a billionaire. Ask Bill Gates. That human Mr. Potato Head is a public health expert.
most of the rule making bodies in Washington are unelected bureaucrats FDA,CDC, EPA, IRS, ,FAA
And at the same time you think your vote matters.
This liberal hate against Musk is something else. Your just a loser who wishes you were as smart as him. He pretty much saved free speech in this country. He makes the best cars. And he’s going to take us to Mars. The best you can do is buy vodka from StopNShop. hahahah
*you’re* just a loser who wishes you were as smart as him.
hahahah
Review your capitalization rules.
hahaha
I hope he can outspend Soros and do the ‘right’ thing instead of the ‘wrong (left)’ prosecuters etc. Soros and Obama (not born here) are ruining the country, I thought it was bad when that idiot peanut farmer Jimmy Carter gave away the panama canal (built by americans, many of whom lost their lives in the process) but the last 4+ years by the libtards must be reversed if we are to remain a free society. On his way out the door to the nursing home Biden is likely to issue pre-emptive pardons to all the criminals on the J6 fraud comittee. i hope if he does the supreme court reverses and puts shifty schiff and rino liz cheny in prison