Seeking Alpha

GOP, Democrats as divided as ever over funding bills

  • The House has passed a bill that would slash spending on food stamps by $40B over 10 years, well above the $4B that Democrats are prepared to cut. Senators from the latter party have already said they won't agree to the GOP-led measure, while President Obama has threatened to veto it.
  • The House has also passed procedural hurdles on legislation that would fund the government until December 15 while cutting financing for Obamacare, enabling a vote to take place today. It's another set of measures that Democrats will have no truck with, while some Senate Republicans are none too impressed either.
  • The deadline for a solution is just 10 days away, and then there's the debt ceiling...
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