Dec 17, 2024
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy   The Big Story  Johnson faces backlash over shutdown negotiations House Speaker Mike Johnson’s (R-La.) is facing heat within his party over his handling an end-of-year measure to avert a government shutdown this week.  © Greg Nash The final text of the measure has not yet been released as congressional leaders work through the remaining hangups ahead of Friday’s funding deadline.   But as the package begins to come into clear focus, Republicans of all stripes — including hardline conservatives, committee chairs and moderates — are hammering away at Johnson for its contents, the process he followed to craft it and how he plans to bring it to the floor for a vote.   “It’s not a CR, which is a continuation of the budget. It’s turning into an omnibus,” Rep. Marjorie Taylor Greene (R-Ga.) said.   “It’s a total dumpster fire. I think it’s garbage,” said Rep. Eric Burlison (R-Mo.), a member of the conservative House Freedom Caucus. “This is what Washington, D.C., has done. This is why I ran for Congress, to try to stop this. And sadly, this is happening again.”   While details about the final product are beginning to emerge, several key questions remain, including whether Johnson plans to give members at least 72 hours to review the legislation and whether he intends to move the legislation through regular order with a procedural rule rather than under the fast-track process of suspension of the rules.   The latter requires support from Democrats to achieve a two-thirds majority for passage, but bypasses a procedural vote that conservatives have used to hold up legislation.   The Hill's Mychael Schnell and Emily Brooks have more here.    Welcome to The Hill’s Business & Economy newsletter, we’re Aris Folley and Taylor Giorno — covering the intersection of Wall Street and Pennsylvania Avenue.   Did someone forward you this newsletter? Subscribe here.   Essential Reads  Key business and economic news with implications this week and beyond:   Government funding bill will run through March, include $100B in disaster aid Pieces of a bipartisan effort to prevent a government shutdown during the holiday season are beginning to come into focus, including a March end date and $100 billion in disaster aid.  Full Story   Senate GOP blocks last-ditch votes on Biden finance nominees The outgoing chair of the Senate Banking Committee is throwing in the towel on trying to confirm two key Biden administration appointees with just days before the upper chamber is set to leave for the year.  Full Story   Biden endorses congressional stock trading ban President Biden in a new interview published Tuesday said there should be a ban on members of Congress trading stocks, taking a position on an issue that has entered the spotlight in recent years.  Full Story   Hawley pitches massive increase to child tax credit Sen. Josh Hawley (R-Mo.) is proposing a huge expansion of the child tax credit (CTC), setting up a potential fight with budget hawks as GOP lawmakers work to hash out their priority tax bill.  Full Story {{if !contains(profile.lists,"Evening Report")}   {/if}}{{if !contains(profile.lists,"Evening Report")} COMING UP The Hill's Evening Report breaks down the day's big political stories and looks ahead to tomorrow. Click here to sign up & get it in your inbox {/if}}   The Ticker  Upcoming news themes and events we're watching: Congress faces a Dec. 20 deadline to pass legislation keeping the government funded or risking a shutdown.   In Other News  Branch out with more stories from the day: What does Big Tech hope to gain from warming up to Trump? NEW YORK (AP) — In a string of visits, dinners, calls, monetary pledges and social media overtures, … Full Story   Good to Know  Business and economic news we've flagged from other outlets: Dow drops 300 points, heads for first 9-day slide since 1978 (CNBC) Trump meets with TikTok CEO as company asks Supreme Court to intervene in fight over federal ban (CNN) What does Big Tech hope to gain from warming up to Trump? (The Associated Press)   What Others are Reading  Top stories on The Hill right now: GOP report recommends Liz Cheney be criminally investigated over Jan. 6 work Republicans released a report Tuesday reviewing the “failures and politicization” of the now-disbanded House Jan. 6 committee, capping their investigation by recommending a criminal investigation into former Rep. Liz Cheney (R-Wyo.). Read more DHS overhauls H-1B visa program The Biden administration announced a rule Tuesday clarifying who can apply for an H-1B work visa, a key program to attract international talent that’s been criticized as too complicated and susceptible to abuse. Read more     You're all caught up. See you tomorrow! 
Respond, make new discussions, see other discussions and customize your news...

To add this website to your home screen:

1. Tap tutorialsPoint

2. Select 'Add to Home screen' or 'Install app'.

3. Follow the on-scrren instructions.

Feedback
FAQ
Privacy Policy
Terms of Service