Bloomberg Surveillance Instant Reaction: House Passes Funding Bill
Dec 20, 2024
The House narrowly passed a funding bill just before a shutdown deadline, showcasing deep partisan divides. Experts discuss the challenges facing the Democratic party under new leadership and the Republican struggles with border security. They also tackle the influence of figures like Ramaswamy and Musk on legislation, despite not being elected officials. Moreover, the potential impact of cryptocurrencies, especially Dogecoin, on political conversations raises questions about readiness for complex issues. The Senate's role in ensuring government continuity is also highlighted.
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Republican Divide
- Few Republicans changed their vote after the debt ceiling was removed from the funding measure.
- This suggests a deeper divide within the party.
Democratic Unity and Future Challenges
- Democrats largely voted as a bloc in favor of the stopgap funding measure.
- This unity may be challenged by future votes on issues like border security.
Jeffries' Leadership
- Hakeem Jeffries has emerged as a strong leader, similar to Nancy Pelosi.
- His ability to maintain party unity in the minority may be tested if they regain the majority.