Prepare for a shutdown.
The stopgap funding, known as a Continuing Resolution, would have given the House time to figure out something to fund the government for the next fiscal year.But Republican leaders have had a hard time so far corralling their conference into some kind of agreement. A faction of conservatives have for weeks said they are opposed to any CR, arguing it would be an extension of the previous Democratically-controlled Congress.
The House GOP’s CR proposal included an amendment to slash spending for its month-long duration to fiscal 2022 levels, about $130 billion less than the current year’s. It also featured elements from House Republicans’ border security bill, and McCarthy said a new provision would mandate the creation of a bipartisan committee to study the federal debt.
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