A slimmed-down version of a legislative package to keep the federal lights on past midnight tonight was defeated last night on the House floor. While this bill was much shorter than the original continuing resolution, it also contained a provision that threw a new wrinkle into the debate: an increase in the debt ceiling through early January 2027. Ultimately, when the legislation was brought to the floor, it was defeated 174-235, with one abstention.
The bill was brought up for a vote under “suspension of the rules,” meaning that it would have required a two-thirds of the votes to pass. The bill was opposed by almost all Democrats and 38 Republicans bucked their leadership and the President-Elect.
While conversations are still on-going, no alternative has emerged as of this morning.
Please keep an eye on this space for updates.