Bloomberg Businessweek Instant Reaction: House Passes Funding Bill
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Dec 20, 2024 The House narrowly averted a government shutdown by passing a temporary funding bill. Experts dissected the stark voting divides, highlighting Democratic unity versus Republican discord. The discussion also touched on the influence of public figures like Trump and Musk on party dynamics. Additionally, skepticism emerged around cryptocurrency's potential for political reform, alongside debates on budget cuts impacting key programs. Optimism surrounded the Senate's chances to approve the funding measure, despite looming legislative challenges.
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Shifting Votes
- Few Republicans changed their vote after the debt ceiling was removed from the funding measure.
- Democrats united to pass the bill, potentially leveraging tax issues in future votes.
Democratic Unity
- Democrats showed unity under Hakeem Jeffries's leadership, consistently voting together.
- This unity will be tested next year on issues like border security.
Doge's Potential Impact
- Vivek Ramaswamy and Elon Musk see potential in "Doge" to impact future government funding.
- Their lack of Washington experience raises questions about their readiness for this challenge.