House Buys Time for Senate with Stopgap Measure
The United State House of Representatives passed its second stopgap legislation on Friday afternoon giving the Senate more time to discuss then vote on a spending bill that is government wide for $1.1 trillion.
The vote in the House provides a cushion to make sure the government does not shut down Saturday at midnight when the current funding runs out.
It is no known whether the measure by the House, which passed a voice vote, will be necessary.
Leaders of the Senate said they were hoping to end the discussion on the budget bill by late Friday night.
However, as of Saturday morning the Senate had still not reached an agreement.
Elizabeth Warren the Democratic Senator from Massachusetts opposes a large spending bill. She does not like the provision that loosens big bank trading restrictions.
Warren defied the top elected official in her party with her opposition.
Warren excited the left leaning edge of her party by speaking out.
The measure in the Senate will likely pass but could take a few more days to do so.
Yet, it likely will not be passed prior to the midnight deadline on Saturday, which makes the House measure that much more important.
Although, it appeared some opposition to the measure would come from both left leaning Democrats and some of the Republicans, the necessary votes should be there to pass it.
Certain delays in procedure could make the final vote be pushed back until Monday, according to some insiders.
Democrats are aware they must have unity when control of Congress is taken over by the Republicans in 2015 following the Democratic losses during midterm elections.
They tried to play down speculation that House minority leader Nancy Pelosi and President Obama would be split over things going forward.
One aide said that Pelosi had fired off a warning shot to House Republicans that the Democrats in the chamber would fight hard on 2015.
The bill is 1,603 pages long and blindsided Democrats drawing their ire when they discovered it would roll back a Dodd-Frank law provision due to start next year.
That provision would end the planned restrictions on large banks derivatives trading.
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