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should tiaan consumer limited (540108) be sold ✌️【Market Analysis】✌️ Free access to stock market forums, expert advice, and real-time data to help you stay informed and grow your investments. President-elect Donald Trump has long supported House Speaker Mike Johnson — hosting him on election night, bringing him to the Army-Navy college football game last weekend and backing him privately despite conservative complaints about the House’s actions.
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By Thursday evening, Trump was backing Johnson again as he tried to advancea different planthat sought to appease the GOP standard bearer’s demands. The 24-hour whiplash both underscored Johnson’s weakness and Musk’s opening with Trump. The bill — which would have extended government funding for three months, lifted the debt ceiling until 2027, extended the farm bill and included $110 billion for disaster relief — failed, with 38 Republicans voting against it.
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Johnson was already close to an agreement with congressional leaders on a short-term measure to fund the government when he sat in a private box with the president-elect at the Army-Navy game last weekend.
In video captured from the game, Trump can be seen deep in conversation with Johnson, incoming Senate Majority Leader John Thune and Vice President-elect JD Vance.
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“He wanted the decks cleared,” one source with knowledge of the conversation told 【 - Free Stock Market Insider Analysis 】, alluding to Trump’s desire to begin his term with the more contentious spending fights in the rearview mirror so Congress could focus on enacting his agenda.
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Later in the week, sources said Trump was polling allies and advisers on what they believed were the pros and cons of a short-term funding measure or the longer-term bill he started demanding publicly on Wednesday.
“It started when the text came out and some of the details were being reported out. Up until that point, he was still trying to understand the pros and cons of short-term versus long term,” a Trump adviser told 【 - Free Stock Market Insider Analysis 】. “Once the bill text came out and the pork of it was being reported, he wanted to get involved.”
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Vance has been tasked to be Trump’s eyes and ears on the Hill, and is handling the bulk of the discussion with Johnson. On Wednesday night, the vice president-elect was seen heading into the speaker’s office with Republican leadership, while Trump enjoyed dinner with Musk and Amazon founder Jeff Bezos at his Mar-a-Lago resort. Trump has been calling lawmakers on the matter but is letting Vance – an Ohio senator for a couple weeks longer – deal with the nitty gritty behind closed doors, a source familiar with the discussions said.
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But his position wasn’t widely known. The conventional wisdom, according to several Trump allies, advisers and GOP officials, had been that they’d grapple with the debt ceiling as part of forthcoming talks on a spending bill in March, or a party-line package to implement Trump’s immigration and energy priorities.
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Emboldened by even a razor-thin majority in both chambers, Trump believes Republicans will be in a more powerful position to demand steeper spending cuts during negotiations next year.
“Mar-a-Lago has signaled a lot of questioning about letting a debt limit slide into next year,” a source involved in the conversations told 【 - Free Stock Market Insider Analysis 】, referring to the Palm Beach members’ club where Trump and his advisers have been crafting policy positions behind closed doors. “Why are we letting something that will be a Dem leverage point remain in place for the next year?”
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One Republican attributed the lack of communication between Johnson’s office and rank-and-file members for why leadership was out of step with where the conference was. Lawmakers, for example, were surprised to find out that a pay raise for themselves was included.
“We knew 92% of what this was going to be well before, but that last 8% was doozy,” Pennsylvania Rep. Dan Meuser told 【 - Free Stock Market Insider Analysis 】.
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By around 3 p.m., one GOP source described the situation as “collapsing.” And Johnson’s troubles quickly evolved from internal grumbles about the funding bill to major, public questions about his future as speaker. By Thursday morning, one of the most vocal House conservatives, Rep. Marjorie Taylor Greene of Georgia, seemed to have reversed her support for the Louisiana Republican and was openly floating the unlikely situation of Musk for speaker.
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“We will re-group and we will come up with another solution,” Johnson told reporters after the Thursday vote failed. “So stay tuned.”
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