• Latest
  • Trending
  • All

Trump and Musk Derail Funding Deal, US Govt Shutdown Imminent

December 19, 2024
Yayi and the Mind Game, Inside Dapo Abiodun’s Strategic Calculations

Yayi and the Mind Game, Inside Dapo Abiodun’s Strategic Calculations

February 19, 2026
Unity–Providus Merger Gathers Momentum, Poised for Successful Completion

Unity–Providus Merger Gathers Momentum, Poised for Successful Completion

February 19, 2026
NCC Engages Stakeholders To Rejig Telecoms Policy

NCC Engages Stakeholders To Rejig Telecoms Policy

February 18, 2026
Ecobank Nigeria Fully Repays Tendered US$300m Eurobond Notes

Ecobank Nigeria Fully Repays Tendered US$300m Eurobond Notes

February 18, 2026
Zenith Bank Dissociates Chairman from ‘Fraudulent’ AI Investment Scheme

Zenith Bank Dissociates Chairman from ‘Fraudulent’ AI Investment Scheme

February 18, 2026
Family of Late Ooni Ajagunlawarikan Ademuliyi Alleges Intimidation by Hon. Kanmi Over Farmland

Family of Late Ooni Ajagunlawarikan Ademuliyi Alleges Intimidation by Hon. Kanmi Over Farmland

February 14, 2026
SCID Lagos honours 15 Retired Police Officers 

SCID Lagos honors 15 Retired Police Officers 

February 14, 2026
Odu’a Investment Unveils 30 By 2030 Growth Agenda

Odu’a Investment Unveils ‘30 by 2030’ Growth Agenda

February 12, 2026
Anikulapo: My Films Aren’t For Everyone — Kunle Afolayan Speaks On Latest Film

Anikulapo: My Films Aren’t For Everyone — Kunle Afolayan Speaks On Latest Film

February 12, 2026
Why I Regret Strained Relationship with My Late Dad - Actor

Why I Regret Strained Relationship With My Late Dad – Actor

February 12, 2026
Why Youths Must Embrace Agriculture More

Why Youths Must Embrace Agriculture More – ArcView MD

February 12, 2026
FHHP: Fidelity Bank Donates Essential Items to Ikoyi Correctional Centre

FHHP: Fidelity Bank Donates Essential Items to Ikoyi Correctional Centre

February 12, 2026
UBA to Revamp Agency, Merchant Banking with Improved Features, More Value on RedPay Terminals

UBA to Revamp Agency, Merchant Banking with Improved Features, More Value on RedPay Terminals

February 11, 2026
ADC Inaugurates Southwest Zonal Committee in Ibadan, Reaffirms Unity

ADC Inaugurates Southwest Zonal Committee in Ibadan, Reaffirms Unity

February 11, 2026
How to Foster Speedy Regional Dev't in Nigeria – Osinbajo

How to Foster Speedy Regional Dev’t in Nigeria – Osinbajo

February 11, 2026
Global Clusters Targets 37m youths digital literacy with SparkHubs

Global Clusters Targets Digital Literacy for 37m Youths with SparkHubs launch

February 11, 2026
Thursday, February 19, 2026
  • Login
  • News
  • Business
  • Politics
  • Crime
  • Entertainment
  • Featured
  • Icons
  • Opinion
  • World
  • Tech
No Result
View All Result
No Result
View All Result
  • News
  • Business
  • Politics
  • Crime
  • Entertainment
  • Featured
  • Icons
  • Opinion
  • World
  • Tech
Home Trending

Trump and Musk Derail Funding Deal, US Govt Shutdown Imminent

by Reporter theconscienceng
December 19, 2024
in Trending
0
Share on FacebookShare on Twitter
Share on Facebook Share
Share
Share on Twitter Share
Share
Share on Linkedin Share
Share

Trump and Musk Derail Funding Deal, US Govt Shutdown Imminent

The United States was staring down the barrel of a holiday-period government shutdown Thursday after a late-hour intervention by Donald Trump and Elon Musk threatened efforts in Congress to keep the lights on through the New Year.

The money authorized by lawmakers to run federal agencies is set to expire Friday night, and party leaders had agreed on a stopgap bill — known as a “continuing resolution” (CR) — to keep operations functioning.

Debt hawks in the House of Representatives baulked at what they considered an overstuffed package full of “pork” — spending that has nothing to do with the point of the bill — but it still looked like it might pass a floor vote.

Then Musk, the world’s richest man and President-elect Trump’s incoming “efficiency czar,” bombarded his 208 million followers on X with posts trashing the text, many making false or misleading claims.

Twelve hours after Musk’s first tweet, Trump and Vice President-elect JD Vance effectively torpedoed the bill, releasing a statement attacking the add-ons and demanding out of the blue that it include an increase in the country’s debt limit.

READ MORE:  Guinness Nigeria Marks 75th Anniversary Amidst Accolades

Negotiating increases in permitted federal borrowing levels — and then writing and voting on legislation in both chambers on Congress — usually takes weeks, and government functions are due to begin winding up at midnight going into Saturday.

The debacle offered a preview of the chaos that Democrats say will attend Trump’s second term in office and prompted questions over why a tech billionaire who is a private, unelected citizen was able to plunge Congress into crisis.

“It’s weird to think that Elon Musk will end up having paid far less for the United States Government than he did for Twitter,” prominent conservative lawyer and Trump critic George Conway posted.
A shutdown would cause the closure of federal agencies and national parks, limiting public services and furloughing potentially hundreds of thousands of workers without pay over Christmas.

As time ran short, House Republicans and Democrats gathered separately to begin the seemingly impossible task of coming up with a Plan B with just hours to spare.

Republican House Speaker Mike Johnson was being criticized from all sides for having misjudged his own members’ tolerance for the bill’s spiraling costs, and for allowing himself to have been blindsided by Musk and Trump.

READ MORE:  US Election: Fani-Kayode, Others Disagree on Donald Trump Win

He is expected to introduce a slimmed-down funding patch, attaching a borrowing limit and removing most of the add-ons.

But Democrats, who control the Senate, have little political incentive to help Republicans and say they will only vote for the agreed package, meaning Trump’s party will have to go it alone.

This is something the fractious, divided party — which can afford to lose only a handful of members in any House vote — has not managed in any major bill in this Congress.

Asked if Democrats would support a pared-back bill with an extended borrowing cap, House Minority Leader Hakeem Jeffries offered little hope that he would bail Johnson out.

He said talk of dealing with the debt limit was “premature.”

“House Democrats are going to continue to fight for families, farmers and the future of working-class Americans. And in order to do that, the best path forward is the bipartisan agreement that we negotiated,” he told reporters.

Trouble with the bill began during the negotiations, as Republican leaders demanded billions of dollars in economic aid to farmers, prompting Democrats to start making their own requests.

READ MORE:  Donald Trump Nominated for Nobel Peace Prize

While voicing frustration over spending levels, Trump’s main objection was that Congress was leaving him to handle a debt-limit increase — invariably a contentious, time-consuming fight — rather than including it in the text.

He said Wednesday that “everything should be done, and fully negotiated” before he takes office.

But conservatives are generally against increasing the country’s massive borrowing — currently standing at $36.2 trillion — and multiple Republicans have never voted for a hike.

The Biden administration estimates that the debt limit won’t actually be reached until the summer of 2025 and Republicans had been planning to handle an extension as part of other legislation.

The disarray jeopardizes $100 billion in disaster relief in the bill to help Americans hit by two devastating hurricanes in the fall, as well as $30 billion in aid for farmers.

Share this:

  • Share on X (Opens in new window) X
  • Share on Facebook (Opens in new window) Facebook
  • Share on WhatsApp (Opens in new window) WhatsApp

Like this:

Like Loading...

Related

Tags: Donald TrumpMusk
ShareTweet
Previous Post

Putin Says Fall Of Assad Not A ‘Defeat’ For Russia

Next Post

Court Jails US-Based Nigerian, Accomplice 40 Years For Drug Trafficking

Reporter theconscienceng

Reporter theconscienceng

Related Posts

Yayi and the Mind Game, Inside Dapo Abiodun’s Strategic Calculations
Politics

Yayi and the Mind Game, Inside Dapo Abiodun’s Strategic Calculations

by TheConscience NG
February 19, 2026
Unity–Providus Merger Gathers Momentum, Poised for Successful Completion
Business

Unity–Providus Merger Gathers Momentum, Poised for Successful Completion

by TheConscience NG
February 19, 2026
NCC Engages Stakeholders To Rejig Telecoms Policy
Tech

NCC Engages Stakeholders To Rejig Telecoms Policy

by TheConscience NG
February 18, 2026
Ecobank Nigeria Fully Repays Tendered US$300m Eurobond Notes
Business

Ecobank Nigeria Fully Repays Tendered US$300m Eurobond Notes

by TheConscience NG
February 18, 2026
Zenith Bank Dissociates Chairman from ‘Fraudulent’ AI Investment Scheme
Crime/General

Zenith Bank Dissociates Chairman from ‘Fraudulent’ AI Investment Scheme

by TheConscience NG
February 18, 2026
Family of Late Ooni Ajagunlawarikan Ademuliyi Alleges Intimidation by Hon. Kanmi Over Farmland
Crime/General

Family of Late Ooni Ajagunlawarikan Ademuliyi Alleges Intimidation by Hon. Kanmi Over Farmland

by TheConscience NG
February 14, 2026
Next Post
Court

Court Jails US-Based Nigerian, Accomplice 40 Years For Drug Trafficking

No Result
View All Result

Recent Posts

  • Yayi and the Mind Game, Inside Dapo Abiodun’s Strategic Calculations
  • Unity–Providus Merger Gathers Momentum, Poised for Successful Completion
  • NCC Engages Stakeholders To Rejig Telecoms Policy
  • Ecobank Nigeria Fully Repays Tendered US$300m Eurobond Notes
  • Zenith Bank Dissociates Chairman from ‘Fraudulent’ AI Investment Scheme

Get the latest news on the go!

Enter your email address

© 2025 TheConscience NG

TheConscience NG

  • About
  • Contact Us
  • Privacy-Policy
  • Terms and Conditions
  • TheConscienceNg.com | Breaking & Verified Nigerian News on the go!

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
X
Subject:
Message:
Ajax loader
No Result
View All Result
  • News
  • Business
  • Politics
  • Crime
  • Entertainment
  • Featured
  • Icons
  • Opinion
  • World
  • Tech

© 2025 TheConscience NG

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Share with friends
Share on Facebook Share
Share
Share on Twitter Share
Share
Share on Linkedin Share
Share
%d