⌛ Did you miss ProPicks’ 13% gains in May? Subscribe now & catch June’s top AI-picked stocks early.Unlock Stocks

US Congress faces severe January tests over Ukraine, migration, budgets

Published 12/21/2023, 06:04 AM
Updated 12/21/2023, 02:11 PM
© Reuters. The Statue of Freedom is seen at the top of the U.S. Capitol building dome in Washington, U.S., December 20, 2023. REUTERS/Elizabeth Frantz/File Photo

By Richard Cowan

WASHINGTON (Reuters) - The U.S. Congress left Washington this week for an extended holiday break with several key issues unsettled including emergency aid for Ukraine and tighter border security, setting the stage for a complicated January.

Lawmakers will face two government-shutdown deadlines and continue efforts to write one piece of legislation that will both fund Ukraine's defense against Russia and slow the flow of migrants through the U.S.-Mexico border. Meanwhile, Republican voters will begin to choose their nominee to challenge Democratic President Joe Biden in the 2024 election.

"We will hit the ground running," Democratic Senate Majority Leader Chuck Schumer said of Congress' return the week of Jan. 8.

Biden has urged Congress to approve an additional $61 billion in new support for Ukraine's war effort, which conservative Republicans have demanded be paired with stronger border security laws at a time of record immigrant arrivals.

House of Representatives Speaker Mike Johnson and his fellow Republicans have been hammering Biden over border control, an issue U.S. voters are increasingly restless over.

Congress also has deadlines of Jan. 19 and Feb. 2 for funding U.S. government programs. Failure to reach deals on 12 spending bills, following a full year of deficit-reduction battles, would bring widespread government shutdowns.

Bipartisan Senate negotiations are also continuing over the recess with the aim of producing a deal on reforming antiquated U.S. asylum laws. That would open the door to Senate votes to help Ukraine and send U.S. aid to Israel for its war against Hamas in Gaza and to Taiwan.

Just before leaving town on Wednesday, Republican Senate Minority Leader Mitch McConnell echoed Schumer's urgency, saying in a speech that the unusual combination of U.S. immigration reforms and foreign military aid were urgently needed "from South Texas to Southeast Asia and to the Red Sea."

Both Schumer and McConnell acknowledged that passing the first major immigration revisions in four decades is arduous. But so is simply approving around $1.5 trillion to keep a bunch of regular government programs operating.

© Reuters. The Statue of Freedom is seen at the top of the U.S. Capitol building dome in Washington, U.S., December 20, 2023. REUTERS/Elizabeth Frantz/File Photo

Without action, many agriculture and nutrition programs will run out of funding on Jan. 19, along with money for airports, highways and federal housing programs and for building military facilities and maintaining veterans' aid.

There also are plenty of fights over the funding and policies of the Justice Department and social safety net programs administered by Health and Human Services. These too face a Feb. 2 deadline and can be among the toughest annual appropriations bills to pass in Congress.

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.