Government Shutdown Averted...For Now.

The Fox News Rundown

FOX News Podcasts

News, Daily News, Politics

3.4 • 1.7K Ratings

🗓️ 2 October 2023

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

After weeks of anticipating a government shutdown, the House and Senate were able to avert it — passing a last-minute spending bill that funds the government until November 17th. However, questions remain about whether lawmakers can reach a consensus on next year’s spending by this deadline, especially as several hardliners in Washington strongly disagree on Ukraine funding. With the shutdown out of the way for now, House Republicans are focusing on their impeachment inquiry into President Biden. A hearing was held last Thursday…with Republicans saying they have evidence to back an impeachment. Democrats said no, they don’t. On the Rundown, House Ways and Means Committee Chairman Jason Smith (R-MO) discusses how House Republicans plan to act wisely so a government shutdown is not a threat come November 17th. He also explains why there is talk of House Speaker Kevin McCarthy’s leadership role being in jeopardy despite his success in avoiding a shutdown and how House Republicans are “following the facts” as they investigate the President. Federal student loan repayments resume this month for millions of Americans after being paused during the COVID-19 pandemic. After the three-year-long pause, many borrowers fear that they won’t be able to make their monthly payments due to high inflation and an elevated cost of living. Earlier this year, President Joe Biden announced a year-long grace period waving the penalties for missed payments as a way to ease the burden. Senior Editor for CNET Money, Nick Wolny, joins the Rundown to break down the benefits of the Biden administration’s SAVE Plan, how people are relying too much on their credit cards, and what you can do to avoid common student loan-related scams. Plus, commentary by David Marcus, author of “Charade: The Covid Lies That Crushed A Nation.” Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	I'm Janice Dean. I'm Jason Chafetz. I'm Harris Faulkner. And this is the Fox News rundown.
0:09.2	Monday, October 2nd, 2023, I'm my command. The countdown and government shutdown ended with
0:16.2	Congress passing a last minute funding extension to November 17th. That's allowing key committees
0:23.2	on Capitol Hill to continue their Biden impeachment inquiry. People are worried that the
0:30.2	president of the United States could be compromised by his son's foreign business
0:34.2	peddling. And the sobriety money just got tighter for Americans with student loans as payments
0:41.0	resume. At the end of the day, it is a debt. It's a debt that you need to pay down. And so
0:46.0	whenever possible, you want to work that into your budget and figure out that payoff plan.
0:51.5	And I'm David Marcus. I've got the final word on the Fox News rundown.
1:00.2	How Speaker Kevin McCarthy avoided a government shutdown over the weekend by passing a last
1:05.2	minute stopgap funding bill. Though he received praise from many House Republicans,
1:11.2	fellow Republican Congressman Matt Gates of Florida is looking to have McCarthy removed
1:17.1	as Speaker this week. McCarthy told me on Fox News Live, it is no surprise.
1:23.7	Matt's probably planned this from the day I ran for Speaker if you watched. He never voted for it.
1:28.1	And the difficulty is Matt was the individual who voted against our most conservative bill that
1:34.2	would have secured the border. Gates talked about his plans on ABC's this week.
1:39.6	If at this time next week, Kevin McCarthy is still Speaker of the House. It will be because the
1:45.3	Democrats bailed him out and he can be their Speaker, not mine. So when do you make this move?
1:50.3	You'll be seeing it this week. Regardless of Gates's potential plans, Congress now has 45 days
1:56.4	until the next government funding deadline. No government shutdown means the Biden impeachment
2:02.4	inquiry can continue without interruption. South Carolina Republican Congresswoman Nancy Mace,
2:09.6	who's on the oversight committee says, if the Biden's were innocent, why aren't they cooperating?
	...

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