AIRLINK 73.85 Decreased By ▼ -0.75 (-1.01%)
BOP 5.10 Decreased By ▼ -0.04 (-0.78%)
CNERGY 4.39 Decreased By ▼ -0.11 (-2.44%)
DFML 33.69 Increased By ▲ 0.69 (2.09%)
DGKC 87.85 Decreased By ▼ -1.05 (-1.18%)
FCCL 22.15 Decreased By ▼ -0.40 (-1.77%)
FFBL 32.25 Decreased By ▼ -0.45 (-1.38%)
FFL 9.69 Decreased By ▼ -0.15 (-1.52%)
GGL 10.76 Decreased By ▼ -0.12 (-1.1%)
HBL 115.65 Increased By ▲ 0.34 (0.29%)
HUBC 135.95 Decreased By ▼ -0.68 (-0.5%)
HUMNL 9.76 Decreased By ▼ -0.21 (-2.11%)
KEL 4.60 Decreased By ▼ -0.03 (-0.65%)
KOSM 4.73 Increased By ▲ 0.03 (0.64%)
MLCF 39.70 No Change ▼ 0.00 (0%)
OGDC 138.12 Decreased By ▼ -0.84 (-0.6%)
PAEL 26.10 Decreased By ▼ -0.79 (-2.94%)
PIAA 25.93 Increased By ▲ 0.78 (3.1%)
PIBTL 6.70 Decreased By ▼ -0.14 (-2.05%)
PPL 122.64 Decreased By ▼ -0.10 (-0.08%)
PRL 26.69 Decreased By ▼ -0.32 (-1.18%)
PTC 13.93 Decreased By ▼ -0.07 (-0.5%)
SEARL 58.70 Decreased By ▼ -0.77 (-1.29%)
SNGP 70.14 Decreased By ▼ -1.01 (-1.42%)
SSGC 10.31 Decreased By ▼ -0.13 (-1.25%)
TELE 8.59 Decreased By ▼ -0.06 (-0.69%)
TPLP 11.30 Decreased By ▼ -0.21 (-1.82%)
TRG 64.18 Decreased By ▼ -0.95 (-1.46%)
UNITY 26.05 Increased By ▲ 0.25 (0.97%)
WTL 1.40 Decreased By ▼ -0.01 (-0.71%)
BR100 7,797 Decreased By -21.7 (-0.28%)
BR30 25,440 Decreased By -137.1 (-0.54%)
KSE100 74,579 Decreased By -85.1 (-0.11%)
KSE30 24,050 Decreased By -22 (-0.09%)

WASHINGTON: With just a week before Washington runs out of money to keep the federal government fully operating, warring factions within the Republican Party in the US Congress on Sunday showed no signs of coming together to pass a stopgap funding bill.

Congress so far has failed to finish any of the 12 regular spending bills to fund federal agency programs in the fiscal year starting on Oct. 1.

House of Representatives Speaker Kevin McCarthy will push an ambitious plan this week to win approval of four large bills, including military and homeland security funding, that he hopes would demonstrate enough progress to far-right Republicans to win their support for a stop-gap spending bill, known as a continuing resolution, or CR, as well.

Republican Representative Michael McCaul, a 19-year veteran of Congress who chairs the House Intelligence Committee, urged the group of party “holdouts” to stop blocking Republican-backed spending bills while at the same time “saying don’t bring bipartisan bills to the floor.”

“Republicans need to vote for Republican bills” to avert a shutdown, McCaul said on ABC’s “This Week” broadcast.

But some of those “holdouts,” who want deep spending cuts that go beyond a deal passed earlier this year, showed no sign of relenting.

“Continuing resolutions don’t solve the problem. They just kick the can down the road,” Republican Representative Tony Gonzalez told CBS News’ “Face the Nation.”

In June, President Joe Biden signed into law an increase in US borrowing authority that he brokered with McCarthy, which also came with around $1.5 trillion in spending cuts over 10 years. Ultra-right House Republicans want to go further with around $120 billion in additional cuts just for the new fiscal year, which could hit programs ranging from education and environmental protection to Internal Revenue Service enforcement and medical research.

Comments

Comments are closed.