Stay updated with breaking news from January 1st 2025. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
It incentivizes congress to pass all 12 appropriations bill by the end of the year under threat of an automatic continuing resolution with the 1% across the board spending cut for agencies. but here is my question. does that kick in at the end of the calendar year, which december 31st, january 1st 2025, or does that kick in at the end of this fiscal year, which is september 30th? who knew you are a budget watcher, jonathan? it would not, clearly you have to give the process time. doing it this far would be much too early to do that. so we give them time into the new year, budget deals can take a while to put together, as you know. we rely on stopgap measures. so we do give them time. but, look, it is going to be a slog. i don t want, to and i told my colleagues. part of the deal here was to make sure that we gave top lines to the spending panels to ....
Make sure that they could succeed. because we don t want to be back here on october 1st, having conversations about a shutdown. . so the numbers we came up with, are not what we would ve written by ourselves, allows the appropriations process, the spending process, to have a place to start from and reach success. so if i m hearing you, right there won t be a government shutdown because, i, guess there will be a continuing resolution that gets us through the end of this fiscal year into the start of the next fiscal year, to give time to the appropriators to meet this january 1st, 2025 deadline? i said i have top line, switch the means it ll have to negotiate about that again. that s why we chose to go ahead and have this budget conversation. . we had to have it at some point, in order to make sure that the government spending process could work. so they had their top lines that would make it easier to write bills to the top line, and we are going to have to fight to make sure that t ....
Decisions. coming up, congresswoman anna paulina luna on oversight committee s next move to prove joe biden and his family have been influence peddling for decades. then, why she voted against the debt ceiling bill as well just signed into law by president biden. it s all right here, right now on sunday morning futures. maria: and we begin this sunday morning with the very latest on the new debt ceiling bill. the president signed into law this weekend the so-called fiscal responsibility act, an agreement to the raise the debt ceiling while putting some spending caps in place for the upcoming few years. of the deal brokered by the house speaker, ken mccarthy, and president biden kevin mccarthy suspends the debt limit until january 1st, 2025, it holds non-defense spending flat for 2024 and puts a 1% increase cap in non-defense spending in place for fiscal ....
Coming up, congresswoman anna paulina luna on the oversight committee s next move to prove jo me biden and his family have been influence peddling for decades. then, why she voted against the debt ceiling bill with as well just signed into law by president biden.w it s all right here, right now on sunday morning futures. maria: and we begin this sunday morning with the very latest on the new debt ceiling bill. the president signed into law this weekend the so-called fiscal responsibility act, an agreement to the raise the debt ceiling while putting some spending caps in place for the upcoming few years. of the deal brokered by the house speaker, ken mccarthy, and president biden kevin mccarthy suspends the debt limit until january 1st, 2025, it holds non-defense spending flat for 2024 and puts a 1% increase cap in non-defense spending in place for fiscal ....
Msnbc cornell belcher about the significance of last night speech. but first, and b.c. s gary dropbox at the white house for us. gary, happy saturday, let s talk about the takeaways, one of the big ones from the presidents oval office address? hi hi alex, president biden spoke to the first few minutes directly to the american people last night. he talked about what was in the debt ceiling bill. what was not in the debt ceiling bill, just how close the american people got to its first-ever default, and the bipartisanship that stop that from happening. let s go through that list that you see right there. the big number on top, suspend the debt ceiling until january 1st 2025. that was the big deal. it almost limits military spending, and non discretionary spending. it rescinds about 28 billion dollars in unspent covid relief funds. and it eliminates 1.4 billion dollars from the irs budget. and then the big one right here, it restarts federal student loan payment. that is something that ....