House Leaders Meet To Vote On Amended Government Spending Bill

floorYesterday the Senate amended a House spending bill that funds the government on an emergency basis through November 15th and eliminates the House approved authorization to defund Obamacare.

Now the bill awaits final approval in the House of Representatives where Congressional leaders are meeting on Saturday.

House Speaker John Boehner (R-Ohio) will be leading the Republican majority with a number of Tea Party conservatives who rose to power on a platform of opposing Obamacare and discrediting President Obama’s domestic agenda.

Yesterday President Obama expressed his distaste for the Tea Party derailing the health care reform measures that he championed through the Affordable Care Act, “the House Republicans are so concerned with appeasing the Tea Party that they’ve threatened a government shutdown or worse unless I gut or repeal the Affordable Care Act” Obama said.

“I said this yesterday; let me repeat it. That’s not going to happen. More than 100 million Americans currently already have new benefits and protections under the law” Obama added.

Parts of the Affordable Health Care Act will officially become adopted on Tuesday in the market with exchanges opening for private health insurance companies.

Today Congressional leaders in the House will either approve the amended spending bill that eliminates the defunding of Obamacare or else add some measures under the framework of the bill and send it back to the Senate by Sunday, making it more difficult to be ratified before the September 30th midnight deadline and jeopardizing the government’s legal authority to spend money on October 1st, the beginning of the new fiscal year.


About Johnathan Schweitzer 1617 Articles
Welcome to Schweitz Finance. I hope that my financial website will provide you with relevant market information to help you manage your investments with greater clarity and insight.
Contact: Website