House Speaker Kevin McCarthy's attempt to restart his stalled spending agenda failed on Thursday when Republicans for a third time blocked a procedural vote on defense spending, raising the risk of a government shutdown in just 10 days.
WASHINGTON — House Speaker Kevin McCarthy's attempt to restart his stalled spending agenda failed on Thursday when Republicans for a third timeon defense spending, raising the risk of a government shutdown in just 10 days.
As the vote failed, McCarthy told reporters that he will pursue the "same strategy I had from January: just keep working; never give up." The defense bill had been scheduled for a five-minute vote that Republicans kept open for over a half-hour in a vain hope of winning additional votes. The defense bill also failed in a similar vote on Tuesday and had to be pulled from consideration earlier this month, all due to hardline opposition.
Donald Trump, the front-runner for the 2024 Republican presidential nomination, added to McCarthy's distractions with a call to shut the government, as occurred three times during his four years in the White House. Political brinkmanship has begun to attract the attention of Wall Street, with rating agency Fitch citing repeated down-to-the-wire negotiations that threaten the government's ability to pay its bills when it downgraded U.S. debt rating to AA+ from its top-notch AAA designation earlier this year.
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