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why is pioneer investcorp limited (507864) rising ✌️【Recruitment Platform】✌️ Free real-time market data to help you quickly recover and avoid losses. Trump and Vice President-elect JD Vance on Wednesday sharply criticized a deal to fund the federal government until March 14 that was negotiated by Republican House Speaker Mike Johnson, undermining support for the plan across Capitol Hill just days away from a shutdown deadline.

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“Republicans want to support our farmers, pay for disaster relief, and set our country up for success in 2025,” Trump and Vance said in a statement. “The only way to do that is with a temporary funding bill WITHOUT DEMOCRAT GIVEAWAYS combined with an increase in the debt ceiling. Anything else is a betrayal of our country.”

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Leaving the Capitol later Wednesday, the Louisiana Republican said they are “going to continue to work through the night, through the morning to get an agreement we can bring to the floor,” adding, “We’re not there yet.”

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Johnson unveiled the text for his government funding plan Tuesday night, but it met withering criticism from the right flank of his party for being too supportive of Democratic priorities. Democrats would likely be needed to pass the bill in both chambers of Congress.

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“Republicans must GET SMART and TOUGH. If Democrats threaten to shut down the government unless we give them everything they want, then CALL THEIR BLUFF,” Trump and Vance wrote in the statement.

“Let’s have this debate now,” they wrote on the debt limit. “And we should pass a streamlined spending bill that doesn’t give Chuck Schumer and the Democrats everything they want.”

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“House Republicans have been ordered to shut down the government. And hurt the working class Americans they claim to support,” Jeffries wrote in a post on X, sending a clear sign that his party would not help bail out the votes for a GOP bill that ignores his agreement with Johnson. “You break the bipartisan agreement, you own the consequences that follow.”

House Democrats plan to caucus in the morning, according to a senior Democratic aide. Democrats in the Senate, which also must pass a bill before funding runs out on Saturday, committed Wednesday evening to sticking with the deal they struck, saying after huddling on the chamber floor that there was agreement and it’s time to vote.

Leaving his office on Capitol Hill, less than an hour after releasing the joint statement with Trump, Vance said they support a clean continuing resolution – or CR – only if it’s tied to a debt limit increase.

“What the president believes is that we should support a clean CR so long as it contains a debt limit increase,” Vance said in response to a question from 【 - Free Smart Investment Opportunities 】. “That’s the position of the president and that’s what we’re going to try to push for.”

Later Wednesday night, the vice president-elect told reporters as he was leaving Johnson’s office that they had “a productive conversation” but said Republicans are still “in the middle” of negotiations.

“But I think we will be able to solve some problems here, and we will keep working on it,” Vance said.

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Johnson and his leadership team now have no obvious path forward, according to multiple GOP sources. It’s a remarkable reversal from just hours earlier, when members of Johnson’s leadership team were feeling mostly positive about how the bill would land among the GOP, many of those same sources said.

But that support quickly cratered by Wednesday afternoon, as key Trump ally Elon Musk suggested that Republicanswho supported the deal should be primaried. One House GOP source described the plan as “collapsing” in the wake of Musk’s posts, driving a surge of calls to members’ offices.

“All these things that we didn’t even know were on the table, that are suddenly in this — and then we get potentially less than 24 hours to vote on it,” Republican Rep. Michael Cloud of Texas told 【 - Free Smart Investment Opportunities 】. “This is everything that’s wrong with Washington and everything we promised we would not support.”

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Once Musk pressured Republicans to vote against the bill, support for the package started to crumble, even as lawmakers seemed to hold their ground publicly.

“We will see the new power of Elon,” said GOP Rep. Byron Donalds of Florida, who is against the spending bill and hopes Musk’s pressure campaign sways his colleagues.

One moderate GOP Rep. Don Bacon of Nebraska, who supports the package, told 【 - Free Smart Investment Opportunities 】 that Musk was “premature” for coming out against it so quickly when there are a lot of Republican “wins” tucked in.

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“It’s complicated enough without that,” House Armed Services Chair Mike Rogers said of tying the two together.

GOP Sen. Mike Rounds of South Dakota added a dose of skepticism to the move, telling 【 - Free Smart Investment Opportunities 】, “I’m open to ideas on it, but I’m not sure how we do that.”

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why is pioneer investcorp limited (507864) rising ✌️【Recruitment Platform】✌️ Gain access to professional investment advice, free market trend analysis, and real-time stock market data. Make informed decisions and unlock the full potential of your investments with expert predictions and guidance. The debt ceiling, which was suspended by the bipartisan Fiscal Responsibility Act in June 2023, will return on January 2. The Treasury Department will then have to use the cash it has on hand, as well as so-calledextraordinary measures, to continue paying the nation’s bills on time and in full. Those efforts will probably last for several months, possibly until the summer – giving Congress some time to act to avoid a first-ever default.

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Established by Congress, thedebt ceilingis the maximum amount the federal government can borrow to finance obligations that lawmakers and presidents have already approved. Treasury needs to borrow to pay the bills since the US spends more than it collects in revenue, resulting in a budget deficit.

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