The Republican-led House rejected a temporary funding plan backed by President-elect Donald Trump on Thursday with just over 24 hours to go before a US government shutdown, capping an extraordinary two days in Washington that tested the limits of the incoming president’s power. Government funding will lapse Friday night without congressional action. The Trump-backed plan would set March 14 as the new funding deadline. In a post on Truth Social, Trump said Congress must "get rid of", or extend the debt ceiling to 2029. Bloomberg’s Kriti Gupta joins Tom Mackenzie to discuss what happens next on Bloomberg Daybreak Europe.
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News post in December 20, 2024, 12:06 pm.
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