> Why a government shutdown is looming and what it means
Why a government shutdown is looming and what it means
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Description
A debate over the debt ceiling is at the center of a dispute over funding that is pushing Washington to the brink of a federal government shutdown.
President-elect Donald Trump has demanded that a provision raising or suspending the nation's debt limit — something that his own party routinely resists — be included in legislation to avert a government shutdown. “Anything else is a betrayal of our country," Trump said in a statement Wednesday.
Republicans quickly complied, including a provision in a revamped government funding proposal that would suspend the debt ceiling for two years, until Jan. 30, 2027. But the bill failed overwhelmingly in a House vote Thursday evening, leaving next steps uncertain.
MORE: https://www.wthr.com/article/news/nation-world/debt-ceiling-debate-government-shutdown-looming-explainer/507-12678eb6-a11c-4a3d-b13b-105204c75eaf