As US President Trump's significant cuts to federal agencies have shaken Washington, the Republican controlled Congress is pushing for a temporary funding bill to avoid a partial government shutdown starting Saturday (March 15). Although hardline members of the House Republican Party have expressed support for the bill, the game between the two parties continues. Although the Democratic Party opposes the government shutdown, they are dissatisfied with the Trump administration's cost cutting policies. The passage of this funding bill not only affects government operations, but may also impact Trump's tax cuts and spending agenda.

Republican Party pushes for temporary funding bill

The Republican controlled House of Representatives plans to pass a temporary appropriations bill this week to maintain government funding until the end of this fiscal year (September 30). Speaker of the House Mike Johnson previously stated that a procedural vote on the bill will be held on Monday (March 10th) and efforts will be made to pass it on Tuesday (March 11th). Trump has expressed support for the bill, considering it a crucial step in advancing his tax cuts, increasing immigration enforcement, and military spending agenda. Hardline members of the Republican Party have repeatedly opposed Johnson's plan over the past year, but have expressed support this time.

The attitude and challenges of the Democratic Party

Several Senate Democrats have expressed their support for the bill to avoid the chaos caused by a government shutdown. Pennsylvania moderate Democratic Senator John Fetterman and Oregon liberal Democratic Senator Ron Wyden both expressed opposition to the government shutdown, believing it would cause unnecessary chaos. However, not all Democrats support the bill. Moderate US Senator Elissa Slotkin criticized Trump and Musk's cost cutting campaign for ignoring previous spending instructions from Congress, arguing that there is no reason to support the bill.

Future challenges and debt ceiling issues

Even if the temporary funding bill is passed, members of Congress still face a more severe challenge - resolving the debt ceiling issue. If the debt ceiling is not raised in a timely manner, it may lead to catastrophic defaults and shake the global economy. In addition, the passage of the bill in the Senate still requires the support of at least seven Democrats, while the Republican Party only holds a 53-47 majority in the Senate. Therefore, cooperation between the two parties remains crucial.

summarize

The Republican Party is vigorously pushing for a temporary funding bill to avoid a government shutdown, but the game between the two parties is still ongoing. Although some Democrats have expressed support, dissatisfaction with the Trump administration's cost cutting policies may become an obstacle to the passage of the bill. In the future, members of Congress will also face the challenge of the debt ceiling issue, which will have a profound impact on the global economy. The passage of the temporary funding bill is not only related to the operation of the government, but may also affect Trump's policy agenda. Whether the two parties can reach a consensus on this issue will be a key focus in the coming weeks.

The rising risk of government shutdown and the challenge of debt ceiling may increase market risk aversion and push up gold prices. However, the Trump administration's fiscal tightening policies may lower inflation expectations and put pressure on gold prices. In the future, investors need to closely monitor the dynamics of Congress and changes in market sentiment to determine the trend of gold prices.