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House Speaker Mike Johnson: The longer this shutdown goes on, the more pain will be inflicted
CNBC Television· 2025-10-01 14:37
speaker is giving us an update right now on the shutdown. >> Tens of thousands of visitors here, family, you have school groups that come and visit. They they walk these grounds.Uh we have about 7,000 people who visit this capital each and every day. But today, that's not going to be the case. Today, America's boys and girls will walk up to these doors and they'll see something different, a sign that says closed until further notice.And that's because at midnight, the Democrats followed through on their thr ...
Don't see any situation in which Republicans are going to negotiate right now, says Jake Sherman
CNBC Television· 2025-10-01 11:29
Government Shutdown & Funding - A US government shutdown occurred due to disagreements between Democrats and Republicans on federal spending [1] - Republicans passed a clean funding bill to extend funding until November 21st, while Democrats seek an extension of enhanced COVID-era Obamacare premium subsidies [2] - Republicans are largely unified in their stance against extending these subsidies, viewing them as not "appetizing" in the context of government funding negotiations [5][9] - A potential resolution involves extending government funding for seven weeks, with the likelihood of renewed conflict thereafter [4] Political Strategy & Negotiation - Republicans are perceived to have the upper hand and are unlikely to concede to Democratic demands [2] - The strategy involves repeatedly putting up the clean CR bill, hoping more Democrats will "fold" [3] - Exhaustion from the shutdown's impact on government services could eventually push both parties toward reopening the government [12] - Republicans are not inclined to negotiate at this time, with key figures stating they will not offer anything beyond the current proposal [11] Healthcare Debate - A central point of contention is the extension of Obamacare tax credits, initially implemented during COVID [4][19] - Republicans argue these credits were temporary and should not be part of government funding [19] - Democrats are not explicitly trying to provide healthcare to illegal immigrants through this process [17][18] - There is a disagreement on whether federal funds are indirectly covering healthcare for millions of undocumented immigrants, particularly in states like California [18] - Potential for healthcare premiums to jump 75% if the subsidies are not extended, which could create problems for Republicans [19]
KBR: Ignore The Drooping Share Price, Check Out The Earnings Potential
Seeking Alpha· 2025-04-30 09:54
Company Overview - KBR, Inc. (NYSE: KBR) has experienced a decline in share price since mid-November 2024, primarily due to investor concerns regarding potential cuts in federal spending by the new administration in Washington, D.C. [1] Revenue Dependency - The company's revenues are significantly reliant on federal spending, which raises concerns about its financial performance in light of potential budget reductions [1]