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Business & Economy
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Business & Economy
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Conservatives expect Johnson’s support in shutdown fight
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Hard-line conservatives expect Speaker Mike Johnson (R-La.) will embrace their favored tactic to tie a partisan proof-of-citizenship voting bill to efforts to avert a government shutdown ahead of a looming Sept. 30 deadline.
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Such a move would not only grant a win to the House GOP’s conservative wing, but would tee up a showdown with the Democratic-controlled Senate and White House, which both object to the voting bill.
Johnson’s office has not confirmed the funding plan, but Rep. Chip Roy (R-Texas) — a key member of the House Freedom Caucus who has been in discussions with leadership as he advocates for the strategy — is publicly expressing confidence about the next step.
“Mike Johnson appears ready and willing to do it, and that’s where we currently sit,” Roy said in an appearance Tuesday on the “War Room” podcast.
The Freedom Caucus took an official position in August in support of attaching the Safeguard American Voter Eligibility (SAVE) Act, a bill led by Roy to require proof of citizenship to register to vote, to a continuing resolution (CR) that extends into 2025.
But it is highly unlikely that Democrats and President Biden would accept such a bill.
The Biden administration put out a statement of administration policy opposing the SAVE Act, saying that current laws to prevent noncitizens from voting work as intended and that the bill risks purging eligible voters from the voter rolls.
“If Democrats are unwilling to fund government into March … and their big hang-up is the fact that they want noncitizens to vote, let them take that to the American people. They want to shut government down over that, that should be on them,” Roy told The Hill.
The Hill’s Emily Brooks has more here.
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Welcome to The Hill’s Business & Economy newsletter, we’re Aris Folley and Taylor Giorno — covering the intersection of Wall Street and Pennsylvania Avenue.
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Did someone forward you this newsletter? Subscribe here.
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Key business and economic news with implications this week and beyond:
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Harris to announce new economic plans focused on boosting small businesses
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Vice President Harris is set to propose expanding tax relief for Americans starting a small business as part of her economic plan, a Harris campaign official told The Hill.
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4 things that could complicate Congress’s efforts to avert shutdown
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Congress is staring down a deadline this month to prevent a government shutdown, as members on both sides of the aisle have made clear a stopgap of some kind will be needed to keep the lights on.
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Stocks drop as manufacturing activity slumps
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Manufacturing investment and activity are slowing down ahead of a possible shift in the business cycle as the Federal Reserve weighs a cut in interest rates later this month.
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Harris campaign hits Trump over economy in new ad
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A new ad from Vice President Harris’s campaign works to draw a stark contrast with former President Trump on the economy as part of a massive post-Labor Day advertising blitz.
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Upcoming news themes and events we’re watching:
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The Federal Reserve’s new Beige Book is set for release on Wednesday at 2 pm ET.
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Branch out with more stories from the day:
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Salvagers abandon effort to tow burning oil tanker in Red Sea targeted by Yemen’s Houthi rebels
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DUBAI, United Arab Emirates (AP) — Salvagers abandoned an effort to tow away a burning oil tanker …
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Business and economic news we’ve flagged from other outlets:
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Dow closes 600 points lower to begin September, S&P 500 drops 2% (CNBC)
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Nvidia’s stock usually performs worst in September — but there are silver linings (Market Watch)
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Some Social Security recipients won’t get September checks. Here’s why. (CBS News)
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Opinions related to business and economic issues submitted to The Hill:
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Global tax code endangers US sovereignty, businesses
- This Labor Day, let’s hear it for regulation! No, really.
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You’re all caught up. See you tomorrow!
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