{"id":192085,"date":"2017-05-09T15:56:17","date_gmt":"2017-05-09T19:56:17","guid":{"rendered":"http:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/coming-soon-the-fiscal-cliff-to-end-all-fiscal-cliffs-politico\/"},"modified":"2017-05-09T15:56:17","modified_gmt":"2017-05-09T19:56:17","slug":"coming-soon-the-fiscal-cliff-to-end-all-fiscal-cliffs-politico","status":"publish","type":"post","link":"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/fiscal-freedom\/coming-soon-the-fiscal-cliff-to-end-all-fiscal-cliffs-politico\/","title":{"rendered":"Coming soon: The fiscal cliff to end all fiscal cliffs &#8211; Politico"},"content":{"rendered":"<p><p>    If President Donald Trump and the Republican Congress think    theyve been under pressure to produce lately, just wait a few    months.  <\/p>\n<p>    Over the next several months, Republicans will have to figure    out how to cut deals with Democrats to avoid a default on the    national debt and avert a government shutdown, among several    other must-pass items. But the negotiations will unfold against    the acrimony of the GOPs Obamacare repeal effort and a    bruising fight over tax reform, none of which are likely to    inspire trust between the two sides.  <\/p>\n<p>    Story Continued Below  <\/p>\n<p>    Though Congress avoided a government closure this month  a    major bipartisan legislative accomplishment for an institution    otherwise devoid of any this year  a quintet of critical    deadlines in the early fall will force either a furious round    of deal-making or brinkmanship that could have dire effects on    the economy. It will be a major test of Trump and the all-GOP    Congress ability to govern, and the Republicans are bound to    be blamed for any problems, given their dominant political    position.  <\/p>\n<p>    By most accounts, Congress is not ready for the impending    crunch; Trump even seemed to welcome a crisis with his tweet    last week that the country needs a good shutdown in    September.  <\/p>\n<p>    A new government funding bill is due by the end of September,    and Republicans are behind schedule on producing a budget that    lays out their spending plans. The debt ceiling will likely    need to be raised around that time, a vital exercise that an    all-GOP Washington hasnt executed for more than a decade.    Democrats are eager to extract leverage at every opportunity    given their minority status. At least eight Democratic votes in    the Senate will be needed to pass a funding bill and, most    likely, increase the debt ceiling.  <\/p>\n<p>    If I were in charge, I would be worried, warned Sen. Claire    McCaskill (D-Mo.).  <\/p>\n<p>    As if avoiding a government shutdown and debt default werent    enough, Congress will have to tackle three important programs    set to expire at the end of September: Federal Aviation    Administration law, federal flood insurance and a childrens    health insurance initiative. Congress may have to adopt    short-term fixes to keep all three running. A number of smaller    provisions are set to expire, too, including Coast Guard laws    and some Medicare and Food and Drug Administration programs.  <\/p>\n<p>    The early prognosis from senior Republicans is that the debt    ceiling and government funding will have to be combined in some    way to get a deal, possibly with some of the other expiring    measures.  <\/p>\n<p>    Not many orphans get very far, do they? said Sen. Richard    Shelby (R-Ala.), a senior member of the Appropriations    Committee.  <\/p>\n<p>    Republicans are anxious about the nightmarish calendar ahead.    Congress has 12 weeks left before all 12 appropriations bills    are due, and not a single one is close to the starting  let    alone the finish  line.  <\/p>\n<p>    Work on the spending bills is on track to start much later than    expected, according to long-time appropriators and observers.    Some lawmakers, like Rep. Tom Cole (R-Okla.), are already    warning that a stopgap funding bill might be needed to avoid a    shutdown after Sept. 30.  <\/p>\n<p>    Our budget process is totally broken, said Sen. Bob Corker    (R-Tenn.).  <\/p>\n<p>    Republicans are now considering a longer delay to the official    kickoff of the 2018 spending cycle. GOP budget-writers may not    release their budget blueprint until after the Memorial Day    recess, according to a GOP aide familiar with the process. The    document sets the amount of money Congress will spend that    year.  <\/p>\n<p>    The initial goal was around May 15, the same week the Trump    administration was expected to unveil its full budget    blueprint. The White House has since told lawmakers to expect    its budget the week of May 22, sources said. New    administrations typically release their budgets in February.  <\/p>\n<p>    Republicans cant officially pass a budget until finishing, or    ditching, their health care effort. Thats because their    current power to use reconciliation  the majority-vote budget    tool that allows the Senate to bypass the filibuster  will    expire when a new budget is approved. Republicans intend to use    the next budget to write reconciliation instructions for tax    reform; Senate rules preclude using the next budget resolution    for health care reform as well.  <\/p>\n<p>    Still, some lawmakers say they can get around approving an    official budget, and start drafting appropriations bills, if    GOP leaders can informally agree to spending levels for next    year.  <\/p>\n<p>    However, Trump injects a new dose of uncertainty into the    annual fall fiscal fights. The president nearly went all-out    this spring to secure funding for his proposed U.S.-Mexico    border wall before relenting at the last minute; the White    House could come to see Septembers convergence of deadlines as    a chance to exert more leverage over Congress.  <\/p>\n<p>    I dont know where the president is on these matters. If hes    willing to go to the [mat], I think it will help Republicans,    said Senate Finance Chairman Orrin Hatch (R-Utah). [Democrats]    will do their very best to get whatever they can.  <\/p>\n<p>    Conservatives in the House Freedom Caucus, who mostly opposed a    $1.1 trillion spending bill that Trump signed Friday, averting    a government shutdown, say theyll also be digging in much more    next year. And they expect Trump to do the same.  <\/p>\n<p>    Its one thing to compromise and have a bipartisan bill, but    when you have [Sen. Chuck] Schumer grinning from ear to ear,    its like, come on, said Rep. Dave Brat (R-Va.), referring    to the perception that Democrats one-upped Republicans in the    recent budget showdown. Now its like, OK, lets get it    right. Lets start putting the Trump agenda into effect.  <\/p>\n<p>    The focus on avoiding economic catastrophe could cause Congress    to put off attempts to revamp expiring laws. Historically,    Congress has had little problem punting on the FAA bill, while    the flood insurance program is a source of Republican    infighting, with lawmakers from low-lying areas fighting for    lower premiums and fiscal conservatives blasting any rates    viewed as too generous.  <\/p>\n<p>    Democratic senators say they have not decided how to exert    their leverage. They could insist on additional spending on    domestic programs as a condition for voting to raise the debt    ceiling. Democrats will also want an extension of the    Childrens Health Insurance Program.  <\/p>\n<p>    I am concerned because we dont see any long-term planning,    said Sen. Patty Murray of Washington, the No. 3 Democratic    leader. There are some things  you have to do. And    [childrens health insurance] is certainly part of that, in my    mind.  <\/p>\n<p>    Republicans are skeptical that Democrats will provide votes    without major concessions. And that means the GOP may be forced    to come up with the bulk of the votes for lifting the debt    ceiling, after providing minimal support over the past eight    years.  <\/p>\n<p>    Historically, the party in the majority has to raise the debt    ceiling. So were going to have to, I assume, combine that with    other measures that will make that palatable, said Senate    Majority Whip John Cornyn (R-Texas).  <\/p>\n<p>    Budget leaders are already scheming to get conservatives to    swallow a tough vote after years of opposing increases to the    debt limit. White House budget chief Mick Mulvaney is    suggesting that Republicans impose more fiscal discipline in    future fiscal deals, while House conservatives have similarly    hinted that they want some kind of deficit-slashing package to    be included with a debt ceiling vote.  <\/p>\n<p>          Sign up for POLITICO Huddle. A daily play-by-play of          congressional news in your inbox.        <\/p>\n<p>          By signing up you agree to receive email newsletters or          alerts from POLITICO. You can unsubscribe at any time.        <\/p>\n<p>    They could get their wish: Earlier this month, the GOP-led    House Budget Committee privately floated cutting some    entitlement programs later this year.  <\/p>\n<p>    The crush of deadline-driven items  on top of big-ticket    efforts on health care and taxes  is sowing doubts that    Republicans can pull it all off. The party has also promised to    raise Obama-era caps on defense spending.  <\/p>\n<p>    From the beginning, I thought the agenda was too big to be    realistic, said Doug Holtz-Eakin, president of American Action    Forum and a former budget official in the George W. Bush    administration. Its just too much.<\/p>\n<p>            Missing out on the latest scoops? Sign up for POLITICO Playbook and get the            latest news, every morning  in your inbox.          <\/p>\n<p><!-- Auto Generated --><\/p>\n<p>See the article here: <\/p>\n<p><a target=\"_blank\" rel=\"nofollow\" href=\"http:\/\/www.politico.com\/story\/2017\/05\/08\/trump-gop-fiscal-cliff-238040\" title=\"Coming soon: The fiscal cliff to end all fiscal cliffs - Politico\">Coming soon: The fiscal cliff to end all fiscal cliffs - Politico<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p> If President Donald Trump and the Republican Congress think theyve been under pressure to produce lately, just wait a few months. Over the next several months, Republicans will have to figure out how to cut deals with Democrats to avoid a default on the national debt and avert a government shutdown, among several other must-pass items. But the negotiations will unfold against the acrimony of the GOPs Obamacare repeal effort and a bruising fight over tax reform, none of which are likely to inspire trust between the two sides <a href=\"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/fiscal-freedom\/coming-soon-the-fiscal-cliff-to-end-all-fiscal-cliffs-politico\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[187823],"tags":[],"class_list":["post-192085","post","type-post","status-publish","format-standard","hentry","category-fiscal-freedom"],"_links":{"self":[{"href":"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/wp-json\/wp\/v2\/posts\/192085"}],"collection":[{"href":"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/wp-json\/wp\/v2\/comments?post=192085"}],"version-history":[{"count":0,"href":"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/wp-json\/wp\/v2\/posts\/192085\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/wp-json\/wp\/v2\/media?parent=192085"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/wp-json\/wp\/v2\/categories?post=192085"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.euvolution.com\/prometheism-transhumanism-posthumanism\/wp-json\/wp\/v2\/tags?post=192085"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}