Republicans Keep Government Open
December 21, 2017
House Republicans close in on votes to keep government open past deadline; US economy expanded 3.2 percent in the third quarter of 2017.
- House Republicans close in on votes to keep government open past deadline. GOP leaders are nearing the 217 votes needed for both a stopgap bill and a disaster aid bill prior to Friday’s shutdown. The House Rules Committee approved the spending and relief bills for floor votes, which will take place today. Though the measure initially received push back from both defense hawks and the Freedom Caucus, many House Republicans have changed their tune as to not overshadow their recent tax reform victory. [The Hill]
Economic Indicators & News
- US economy expanded 3.2 percent in the third quarter of 2017. This expansion was slightly below predicted growth due to lower consumer spending, yet is still at the fastest pace since 2015. The Commerce Department reported that this estimate represents the best two back-to-back quarters since 2014. For the year, the economy is predicted to post about 2.3 percent growth, up from 1.6% in 2016, but lower than both 2014 and 2015. [The Hill]