The federal government's budget is set to expire this Friday at midnight. In a last-ditch attempt to avoid a fiscal cliff, House Speaker Paul Ryan (R-WI) is trying to woo Democrats by pushing a short-term stopgap bill that would extend the Children's Health Insurance Program (CHIP) for six years.
Kelly Macias, Staff Writer at Daily Kos, and Ed Morrissey, Senior Editor at Hot Air, discuss whether the Speaker's proposal is enough to get Democrats and Republicans on board. Morrissey says that while he thinks it's enough to keep the government afloat for a month, that a lot still needs to be done to find a long-term solution.
A long-term solution is stalled over debate around immigration. Democrats are holding out for a deal that provides a solution for young undocumented immigrants protected by President Obama's Deferred Action for Childhood Arrival program.
A new poll finds most U.S. adults are worried about health care becoming more expensive.
The White House budget office says mass firings of federal workers have started in an attempt to exert more pressure on Democratic lawmakers as the government shutdown continues.
President Donald Trump says “there seems to be no reason” to meet with Chinese leader Xi Jinping as part of an upcoming trip to South Korea after China restricted exports of rare earths needed for American industry. The Republican president suggested Friday he was looking at a “massive increase” of import taxes on Chinese products in response to Xi’s moves. Trump says one of the policies the U.S. is calculating is "a massive increase of Tariffs on Chinese products coming into the United States." A monthslong calm on Wall Street was shattered, with U.S. stocks falling on the news. The Chinese Embassy in Washington hasn't responded to an Associated Press request for comment.
Most members of the Federal Reserve’s interest-rate setting committee supported further reductions to its key interest rate this year, minutes from last month’s meeting showed.
From Wall Street trading floors to the Federal Reserve to economists sipping coffee in their home offices, the first Friday morning of the month typically brings a quiet hush around 8:30 a.m. eastern, as everyone awaits the Labor Department’s monthly jobs report.
The Supreme Court is allowing Lisa Cook to remain as a Federal Reserve governor for now.
