US Financial Century
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
No Result
View All Result
US Financial Century
No Result
View All Result
Home Latest News

Schumer, Dems unveil alternative shutdown plan, ask for one-year extension to Obamacare subsidies

by
November 7, 2025
in Latest News
0
Schumer, Dems unveil alternative shutdown plan, ask for one-year extension to Obamacare subsidies
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Senate Democrats unveiled their alternative to Republicans’ plan to reopen the government that would see an extension to expiring Obamacare credits for one year, asking that Republicans just say ‘yes.’ 

Senate Minority Leader Chuck Schumer, D-N.Y., announced the plan in dramatic fashion on the Senate floor Friday afternoon with a backdrop of the Senate Democratic caucus in a bid to show a tangible version of the newfound unity among Democrats since their Election Day sweep earlier this week. 

Schumer argued that after 14 failed votes on the House-passed continuing resolution (CR), ‘It’s clear we need to try something different.’ 

He offered to attach a one-year extension to the expiring Obamacare subsidies and to create a bipartisan committee that could negotiate further on how to deal with the subsidies after the government reopened, a clear nod to the GOP’s position that negotiations won’t happen until the government is reopened. 

‘Democrats are ready to clear the way to quickly pass a government funding bill that includes healthcare affordability,’ Schumer said. ‘Leader Thune just needs to add a clean, one-year extension of the [Obamacare] tax credits to the CR so that we can immediately address rising healthcare costs. That’s not a negotiation. It’s an extension of current law, something we do all the time around here.’

‘Now the ball is in the Republicans’ court,’ he continued. ‘We need Republicans to just say ‘yes.’’

Whether Senate Majority Leader John Thune, R-S.D., and Senate Republicans will accept the offer remains in the air. Republicans are set to meet Friday afternoon and are expected to discuss the Democrats’ olive branch. 

Initially, Thune had planned to hold a vote on the House-passed plan as a means to amend it and attach a trio of spending bills in a package, known as a minibus, to jump-start the government funding process.

However, that plan was canned Friday morning after Thune charged that the ‘wheels came off’ of ongoing bipartisan discussions with Senate Democrats on the minibus and a path forward. Now it’s likely that the Senate will vote for a 15th time on the same plan on Saturday. However, that all depends on whether they accept Senate Democrats’ offer.

It also comes after Sen. Ron Johnson, R-Wis., made a bid to have his bill that would ensure that federal workers and the military would be paid during this shutdown and future shutdowns move through a fast-track process known as unanimous consent that doesn’t require a full vote of the Senate. 

However, Sen. Gary Peters, D-Mich., blocked the bill — despite it being amended to include furloughed federal workers into the mix — over lingering concerns that it still gave President Donald Trump too much power to pick and choose ‘which federal employees are paid and when.’

That move prompted a fired-up Thune to question why, exactly, Peters, and more broadly, Senate Democrats, would object to the bill, given that it would solve a major pain point of the shutdown. He said that lawmakers would vote on the bill on Friday. 

‘In other words, we’re going to keep federal employees hostage,’ Thune said of Peters’ objection. 

‘It’s about leverage, isn’t it? That’s what ya’ll have been saying,’ he said. 

This post appeared first on FOX NEWS
Previous Post

Trump considers granting Hungary exemption on Russian oil just weeks after imposing sanctions

Next Post

Brennan, Strzok, Page subpoenaed as part of federal Russiagate probe: Sources

Next Post
Brennan, Strzok, Page subpoenaed as part of federal Russiagate probe: Sources

Brennan, Strzok, Page subpoenaed as part of federal Russiagate probe: Sources

  • Trending
  • Comments
  • Latest
Trump’s exaggerated claim that Pennsylvania has 500,000 fracking jobs

Trump’s exaggerated claim that Pennsylvania has 500,000 fracking jobs

October 24, 2024
Buy Bitcoin Under $100K Before The Next Bull Run

Buy Bitcoin Under $100K Before The Next Bull Run

April 22, 2025
Donald Trump fixates on Harris aide Ian Sams, who goads him on Fox News

Donald Trump fixates on Harris aide Ian Sams, who goads him on Fox News

October 23, 2024
A GOP operative accused a monastery of voter fraud. Nuns fought back.

A GOP operative accused a monastery of voter fraud. Nuns fought back.

October 24, 2024
‘Genocide can’t be ignored’: GOP lawmaker backs Trump’s threat of military action in Nigeria

‘Genocide can’t be ignored’: GOP lawmaker backs Trump’s threat of military action in Nigeria

0
Trump attacks Harris with racist stereotype, eyes ‘extreme power’ as president

Trump attacks Harris with racist stereotype, eyes ‘extreme power’ as president

0
Kamala Harris’s narrow opening with GOP-leaning voters

Kamala Harris’s narrow opening with GOP-leaning voters

0
Obama rallies with Walz in Wisconsin: ‘America is ready to turn the page’

Obama rallies with Walz in Wisconsin: ‘America is ready to turn the page’

0
‘Genocide can’t be ignored’: GOP lawmaker backs Trump’s threat of military action in Nigeria

‘Genocide can’t be ignored’: GOP lawmaker backs Trump’s threat of military action in Nigeria

November 9, 2025
TEVI TROY: Celebrating 50 years of presidential mockery

TEVI TROY: Celebrating 50 years of presidential mockery

November 9, 2025
Senate could take test vote on new spending bill as early as Sunday afternoon

Senate could take test vote on new spending bill as early as Sunday afternoon

November 9, 2025
Reckoning looms for politicians as longest government shutdown persists

Reckoning looms for politicians as longest government shutdown persists

November 9, 2025
Enter Your Information Below To Receive Trading Ideas and Latest News

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recent News

    ‘Genocide can’t be ignored’: GOP lawmaker backs Trump’s threat of military action in Nigeria

    ‘Genocide can’t be ignored’: GOP lawmaker backs Trump’s threat of military action in Nigeria

    November 9, 2025
    TEVI TROY: Celebrating 50 years of presidential mockery

    TEVI TROY: Celebrating 50 years of presidential mockery

    November 9, 2025
    Senate could take test vote on new spending bill as early as Sunday afternoon

    Senate could take test vote on new spending bill as early as Sunday afternoon

    November 9, 2025
    Reckoning looms for politicians as longest government shutdown persists

    Reckoning looms for politicians as longest government shutdown persists

    November 9, 2025
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 Usfinancialcentury.com

    No Result
    View All Result
    • Investing
    • Latest News
    • Editor’s Pick
    • Economy

    Copyright © 2024 Usfinancialcentury.com