House bill wouldn't tie hurricane relief to raising debt limit

The Latest: House plans Wednesday vote on Harvey aid

The moves buys nearly three months for Washington to try to solve myriad issues, including more funding for defense, immigration, health care, and a longer-term increase in the government's borrowing authority.

Yet again, the Republican establishment controlled leadership is bending over backward to avoid spending cuts.

In a rebuke to Republican leaders, Trump backed Democrats' plan to support a deal that would fund Hurricane Harvey aid but only raise the debt ceiling for three months.

Much like many voters feel lied to by the empty Republican promise of "Obamacare repeal", we are now seeing the same scenario play out on a debt limit hike.

"FEMA is literally running out of funds at the end of this week, unless we act with dispatch to (authorize the funds) which the House will do tomorrow, and unless we raise the debt ceiling", Senate Majority Whip John Cornyn, R-Texas, said on the Senate floor Tuesday. In addition to supporting the recovery efforts in Texas, the agency is preparing for Hurricane Irma, another powerful storm that is approaching Puerto Rico and threatens to have a devastating impact on Florida.

"We had a very good meeting, we essentially came to a deal".

National Grid plc 9.2% Potential Upside Indicated by HSBC
Investors of record on Thursday, September 7th will be paid a dividend of GBX 4.30 ($0.06) per share on Friday, October 6th. The stock of PacWest Bancorp (NASDAQ:PACW) has "Sector Perform" rating given on Monday, October 19 by RBC Capital Markets.

While conservatives in the Senate are unlikely to be pleased with the strategy, the larger problem could be in the House.

Democratic leaders said they would support tying the debt increase to Harvey aid, but only if the debt increase lasts just three months - which would put Congress right back in another crisis at the end of this year.

Beyond the dissent among the conservative House members, however, the plan lacks broad support or opposition in part because lawmakers returned from their annual summer recess Tuesday and have yet to have a chance to meet to discuss it. Several GOP senators - including Sens.

Lawmakers from across the nation rallied behind the funding request, though some Democrats from NY and New Jersey chided Texas Republicans, including Cornyn and Cruz, who had opposed a final aid package for Superstorm Sandy, which hit the East Coast in 2005. They said, however, that they would only support a debt-ceiling increase that amounted to a three-month extension. It passed the chamber Wednesday with a vote of 419-3. And multiple Republicans tell CNN that with another hurricane threatening to impact Florida later this week and more detailed assessments coming in terms of the costs of recovery is Texas they expect more votes on additional disaster relief this fall. Does he think Democrats should reject any debt ceiling increase?

One immediate matter is Harvey aid, and the House is expected to vote on an initial $7.9 billion package.

"I think that's a ridiculous idea", Ryan told reporters when asked about the proposal floated earlier on Wednesday by Senate Democratic leader Chuck Schumer and House Democratic leader Nancy Pelosi.

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