The National  Memo Logo

Smart. Sharp. Funny. Fearless.

Monday, December 09, 2019 {{ new Date().getDay() }}

Washington (AFP) – Pulling America’s economy back from the edge of an abyss, the Senate approved a measure that ends the U.S. government shutdown and averts a potentially catastrophic default.

The bill, which passed 81-18 with broad bipartisan support, now heads to the House of Representatives, less than four hours before the October 17 deadline when the U.S. Treasury could start running out of money to fund its obligations.

House Speaker John Boehner has urged his caucus to vote for the measure, which reopens government and funds federal operations until January 15.

But more importantly for global markets, it also extends U.S. borrowing authority until February 7, ending the threat that the U.S. Treasury could default on its obligations for the first time.

A bitterly divided Congress had been in stalemate for a month over how to fund government and take the threat of default off the table.

“The bipartisan senate rose to the occasion and broke this deadlock,” number two Senate Democrat Dick Durbin said.

Advertising

Start your day with National Memo Newsletter

Know first.

The opinions that matter. Delivered to your inbox every morning

Wandrea "Shaye" Moss

YouTube Screenshot

Just who deserves protection in America?

If you observe the folks this country chooses to protect and chooses to ignore, you may get an answer that doesn’t exactly line up with America’s ideals.

Keep reading... Show less
YouTube Screenshot

The First Amendment reflects a principled but shrewd attitude toward religion, which can be summarized: Government should keep its big fat nose out of matters of faith. The current Supreme Court, however, is not in full agreement with that proposition. It is in half agreement — and half is not enough.

This section of the Bill of Rights contains two commands. First, the government can't do anything "respecting an establishment of religion" — that is, sponsoring, subsidizing or providing special favors for religious institutions or individuals.

Keep reading... Show less
{{ post.roar_specific_data.api_data.analytics }}