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IPFS News Link • Government Debt & Financing

Bills On Israel, Ukraine 'Dead On Arrival' In Both House and Senate As Shutdown,

• Zero Hedge

As the nation celebrates Halloween, the House and Senate are engaged in some spooky late-stage Republic chaos over aid to Israel and Ukraine amid a backdrop of yet another government shutdown looming in two weeks.

• The government will run out of money (again) in roughly two weeks, requiring Congress to act (again).

• According to Democrats and GOP Neocons such as Mitch McConnell and Lindsey Graham, America needs to send billions of taxpayer funds to both Israel and Ukraine, and won't consider any legislation that doesn't combine the two.

• House Republicans under newly minted Speaker Mike Johnson (R-LA), as well as a group of Senate Republicans, want Israel aid separated from Ukraine aid, while the Biden White House wants to jam a $105 billion foreign aid package ($14B to Israel, $60B to Ukraine) through Congress.

• The House's plan (if they can even pass it) to separate Israel aid from Ukraine aid is DOA in the Senate, while both the Senate's combined package and the Biden admin's package is DOA in the House.

• The House and the Senate also need to pass 12 appropriations measures for 2024, or face a 1% across-the-board cut on defense and nondefense spending, per the debt ceiling bill passed earlier this year.


www.universityofreason.com/a/29887/KWADzukm