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Time is running short to avert a government shutdown after funding bill is rejected WSOC TV [Video]

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Financial Literacy

A day before a potential government shutdown, the House rejected President-elect Donald Trump’s new plan Thursday to fund operations and suspend the debt ceiling, as Democrats and dozens of Republicans refused to accommodate his sudden demands.

Here’s the latest:

Sen. Schumer says Johnson should go back to the deal he made with Democrats

Senate Majority Leader Chuck Schumer is calling on House Speaker Mike Johnson to return to a stopgap funding agreement he had negotiated with Democrats.

Schumer, a New York Democrat, called that agreement in a floor speech Friday morning “the quickest, simplest, and easiest way we can make sure the government stays open while delivering critical emergency aid to the American people.”

Johnson abandoned that legislation earlier this week after first Elon Musk, then President-elect Donald Trump opposed it. But the Republican speaker is facing few options to avert a government shutdown at the end of the day while also appeasing the demands of his fellow Republicans.

Democratic …

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