My Blog
Business

Congress will avoid government shutdown, Sen. Rick Scott says


U.S. Senator Rick Scott (R-FL) speaks after the Senate Republican GOP leadership election on Capitol Hill in Washington, November 10, 2020.

Erin Scott | Reuters

WASHINGTON — Sen. Rick Scott, a Florida Republican on Wednesday said he expects Congress will reach a deal to avoid a government shutdown less than two weeks before a looming deadline.

“We ought to stop this idea that we’re going to see government shutdowns,” Scott told CNBC’s “Squawk Box.”

“We should never see government shutdowns again,” he said.

Scott said the conservative House Freedom Caucus is working on a plan that will cut what he called wasteful spending, secure the U.S. border, and lower inflation rates.

Senate Republicans, meanwhile, are developing a continuing resolution that, while not a “perfect solution,” will work toward preventing shutdowns, he said.

Scott’s remarks come just a day after House Republicans failed to advance two spending bills and progress with a temporary continuing resolution to avoid a shutdown.

Members of the House Republican Conference introduced a bill on Sunday to fund the government through Oct. 31.

The controversial deal included cuts to domestic spending and funding for border security.

But it was expected to fail in the majority-Democrat Senate.

Related posts

Global bonds teeter near bear market as central bankers press inflation fight

newsconquest

Cryptocurrencies cap a winning week, bitcoin tops $30,000 on ETF optimism and flight to safety

newsconquest

10 years of rally in U.S. house prices could end, says Robert Shiller

newsconquest

Leave a Comment