Democratic leader cites 'good progress' toward avoiding government shutdown

White House budget chief floats trade on ObamaCare, border wall funding

The deadline for Congress to pass a spending bill is midnight on Friday - coincidentally, President Donald Trump's 100th day in office. Democrats had for weeks signaled a lack of support for any spending bill that included money for Trump's pet project.

The White House is under the gun to craft a compromise that would keep the government running while not appearing to cave on Trump's demand that Congress fund a wall on the border with Mexico.

President Donald Trump before signing an executive order at the White House on Tuesday.

Trump campaigned throughout the country a year ago promising a wall across the entire 2,200 mile southern border, promising that Mexico would pay for it. "Don't even think about it", Trump said at the National Rifle Association's Leadership Summit in Atlanta.

It was unclear whether Republicans might prevail on their demand for a significant increase in military spending without similar increases to other domestic programs. "Once Republican leaders in Congress decide to push aside the most extreme elements of their party and work with us to invest in middle class priorities, we get a deal done".

"There are so many questions that investors face right now, but we tend to climb a wall of worry", said Jim Russell, a principal and portfolio manager at Bahl & Gaynor, which manages $18.7 billion of assets for clients.

Centrist Republicans were the primary target of lobbying by the White House and GOP leaders seeking the 216 votes they would need to clinch passage of the health measure.

President Trump said he would be willing to return to the funding issue of the wall in September.

House Republicans Gear Up for Possible Health Care Vote This Week
Freedom Caucus members largely defeated the original bill but several moderate Republicans also opposed the AHCA. Brett Guthrie, a Republican who serves on the House's Energy and Commerce Committee told CNN last week.

"If Republicans announce their intention to bring their harmful "TrumpCare" bill to the House Floor tomorrow or Saturday, I will oppose a one-week continuing resolution and will advise House Democrats to oppose it as well", Hoyer said in a statement. They could also be exempted from Obama's mandate that insurers cover a list of services like hospitalization and substance abuse treatment and from its prohibition against charging older customers more than triple their rates for younger ones.

More fundamentally, the White House needs to understand that if it is going to get screwed whether it sells out or stands firm - why not stand firm?

The odds of a shutdown rise the further the issue gets kicked down the road, believes Goldman Sachs analyst Alec Phillips.

Now Trump is saying he may slide that request to September, making it easier for lawmakers to pass a new spending bill.

House Speaker Paul Ryan of Wis., accompanied by House Majority Leader Kevin McCarthy of Calif., center, and Rep. Cathy McMorris Rodgers, R-Wash., leaves a news conference after a GOP caucus meeting on Capitol Hill in Washington, .

The president has instructed advisers to propose cutting the corporate tax rate from 35 percent to 15 percent, according to White House officials who said they were not authorized to speak publicly about the plan.

Yes, the federal government faces an huge long-term fiscal nightmare unless it controls spending. He helped craft the idea with Rep. Tom MacArthur, R-N.J., a leader of a group of GOP moderates. Ron Wyden (D-Ore.) said Wednesday.

"A lot of us have been pushing for additional border security funding for a while, but a solitary, 2,000-mile wall has never been a must-have for anybody in a border state", said Sen.

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