The scramble to avoid another government shutdown has stalled out as an end of Friday deadline looms for Congress to strike an agreement on border security.
Efforts to prevent the second partial funding lapse of the year have hit a roadblock, a Democratic aide told CNBC on Sunday. The Republican side also showed concerns. “The talks are stalled right now,” Sen. Richard Shelby, R-Ala., the top GOP negotiator on a conference committee trying to hash out an immigration spending deal, told “Fox News Sunday.”
An argument over how best to allocate border security money now threatens to reopen fresh wounds for the 800,000 federal workers who missed two paychecks during a record 35-day shutdown in December and January. Even as both major parties show no appetite for another closure, the ongoing dispute over immigration policy could stifle efforts to keep the government running.
Top appropriators plan to meet Monday afternoon as they try to salvage a last-minute deal, three sources told CNBC. Shelby, chairman of the Senate Appropriations Committee, House Appropriations Committee Chairman Nita Lowey, D-N.Y., Sen. Patrick Leahy, D-Vt., and Rep. Kay Granger, R-Texas, will meet.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.
All copyrights for this article are reserved to Market News