83 quotes
I think it's important to remember that the American people gave President Trump and Republicans in Congress a mandate, they want to see government done differently.”
Smucker saidIf there is going to be a shutdown of government, let it begin now, under the Biden Administration, not after January 20th, under ‘TRUMP.’,
the president-elect wrote on his social media platformI think we're in a good place, but I think from here it's a new phase and we're going to be cautious about further cuts,
Powell said at a press conference following the end of the Fed's latest two-day policy meetingI heard a lot of people say there was one thing in there, it was the debt ceiling or something else, and so they're going to continue to vote no, ... And we're going to shut the government down, likely tonight, if we don't come up with a plan. Unfortunately, I don't think that's a good idea."
Tenney told "Wake Up America."We just don't know really very much at all about the actual policy, so it's very premature to try to make any kind of conclusion,
Powell saidI do not believe the government is going to be shutting down. You guys will see some great stuff, very similar to President Trump's plan yesterday,
the congresswoman saidWhile the Fed opted to round out the year with a third consecutive cut, its New Year's resolution appears to be for a more gradual pace of easing,
said Whitney Watson, global co-head and co-chief investment officer of fixed income and liquidity solutions for Goldman Sachs Asset ManagementThe Musk-Johnson proposal is not serious, it's laughable. Extreme MAGA Republicans are driving us to a government shutdown,
said House Minority Leader Hakeem JeffriesNext year will be a time of huge challenges to the world economy."
In a note to clients this week, High Frequency Economics' Carl B. Weinberg saidThe market [had been] in almost a runaway situation... and this brought them to reality that we are just not going to get as low interest rates
Siegel told CNBC's "Squawk Box Asia."Now it’s time to go back to the bipartisan agreement.”
As he left the Capitol, Senate Majority Leader Chuck Schumer saidOn day one, President Trump will get to work to launch the largest deregulatory agenda in history, cut taxes, and expedite permitting for drilling and fracking to lower energy costs and inflation for all Americans,
said Karoline Leavitt, the transition spokeswoman and incoming press secretarySpeaker Mike Johnson and the House have come to a very good Deal,
Trump postedCongress must get rid of, or extend out to, perhaps, 2029, the ridiculous Debt Ceiling. Without this, we should never make a deal.”
Trump himself heightened his demand early Friday morningEconomic activity has continued to expand at a solid pace" with an unemployment rate that "remains low" and inflation that "remains somewhat elevated,
the central bank's rate-setting Federal Open Market Committee said in its latest policy statementFrom this point forward, it’s appropriate to move forward cautiously and look for progress on inflation … from now, we are in place where the risks are in balance,
Fed Chair Jerome Powell said in a news conference after the end of the central bank’s two-day policy meetingIt was disappointing to see this fail. I fully understood the input we received from the American people on the first bill that was then pulled, which was a 1,500-page bill. It included a lot of Democrat priorities. It certainly was not in keeping with what the American public expect us to do and so I hope today we get this resolved.”
Smucker saidAnybody that supports a bill that doesn’t take care of the Democrat quicksand known as the debt ceiling should be primaried and disposed of as quickly as possible,
Trump told Fox News DigitalWe've got to get back to a budget. It's not rocket science,
Tuberville saidThat's to give them room for tax cuts for the wealthiest in America,
Democratic Representative Steny Hoyer told reportersRight now, there is sort of this lull between administrations. I think at some stage there’s going to be some pressure on them from the administration to be more easy,
Kelly said, ... according to a CNBC reportPicking this fight with Democrats is probably not the best way to go into the new year and the start of the new Trump term,
Panagopoulos told the Washington ExaminerIt's not a serious proposal,
Jeffries said as he walked to Democrats' own closed-door caucus meetingIn considering the extent and timing of additional adjustments to the target range … the Committee will carefully assess incoming data, the evolving outlook, and the balance of risks,
it said in new language that sets up a likely pause to rate cuts beginning at the January 28-29 meetingI feel very good about where the economy is. Honestly, I'm very optimistic about the economy, and we're in a really good place. Our policy is in a really good place. I expect another good year next year,
Powell saidI guess Elon Musk is making the decisions now, because Republicans in Congress are incapable of making decisions on their own,
DelBene said in an interviewWe’re going to regroup and we will come up with another solution, so stay tuned,
Johnson said after the voteHouse Republicans have been ordered to shut down the government. And hurt the working class Americans they claim to support, ... You break the bipartisan agreement, you own the consequences that follow.”
Jeffries posted on XI would say today was a was a closer call but we decided it was the right call because we thought it was the best decision to foster achievement of both of our goals — maximum employment and price stability,
he said in the FOMC conferenceI don't have any reason to believe there will be a vote at 10 o'clock,
Johnson saidHere we are once again in chaos,
said House Democratic Whip Katherine Clark, who detailed the harm a government shutdown would cause AmericansThe attacker is a 19-year-old who is a former student of that school and still lives nearby,
said Interior Minister Davor BozinovicThe U.S. economy is in very good shape -- it has a strong underlying growth trend,
said Douglas Holtz-Eakin, an economist and president of the American Action Forum, a center-right think tankBy the end of 2025, I expect the policy rate to be cut to 3.75 percent in small decrements."
Gary Clyde Hufbauer, a nonresident senior fellow at the Peterson Institute for International Economics, told XinhuaI know some people think I’m, like, this enigma or whatever, but I don’t think that’s true at all,
Sinema saidAll talk, no action, ... That's what happens in Washington, D.C. I wish I was on a plane to ... get out of this clown show. President [Donald] Trump just needs a fresh head start when he takes over."
Tuberville said on "National Report."Changing the subject to anything else is a net win for them,
Schnur told the Washington ExaminerThe market was overly optimistic...so I am not surprised at the sell-off,
Siegel saidThey want to see the debt addressed. They want to see tax policy that's working, border policy, energy policy. But you also have to remember that President Trump is not in office yet and the speaker today, whether we like it or not, is negotiating with a Democrat Senate and the Biden administration.”
He continuedWhen you have a more hawkish Fed, this will lead to a stronger U.S. dollar and a tightening of global financial conditions,
Qian Wang, chief Asia-Pacific economist at Vanguard, saidThe stock market is at near record highs at a time when most forecasts project little profit growth in the years ahead. This is a recipe for a plunge, but who knows?"
Baker saidI'm ready to stay here through Christmas because we're not going to let Elon Musk run the government,
she said in a Friday morning statement, hours before the government could be sent into a partial shutdown if a bill is not passedDemocrats have said they want to get rid of it. If they want to get rid of it, I would lead the charge,
Trump saidPut simply, we should not let an unelected billionaire rip away research for pediatric cancer so he can get a tax cut or tear down policies that help America outcompete China because it could hurt his bottom line. We had a bipartisan deal-we should stick to it,
Murray saidThe most foolish and inept thing ever done by Congressional Republicans was allowing our country to hit the debt ceiling in 2025. It was a mistake and is now something that must be addressed,
they wroteThe President-elect [Trump] acknowledged [House Speaker Mike Johnson’s] challenging situation but emphasized that this approach is not the appropriate course of action."
Jones later wroteWe're going to do the right thing here,
Johnson said ahead of the voteAt the behest of the world’s richest man who no one voted for, the US Congress has been thrown into pandemonium,
said Democrat Rosa DeLauro about Mr Musk on ThursdayWhen the path is uncertain, you go a little bit slower,
Powell saidI was surprised about that one. I was very surprised. And I appreciate it,
she told SemaforAs soon as President Trump released his official stance on the CR, Republicans on Capitol Hill echoed his point of view,
incoming White House Press Secretary Karoline Leavitt said in a statement to POLITICOWE MUST STAND FIRM WITH THE AMERICAN PEOPLE TO STOP THE MADNESS!! No matter what. Even if we have to elect new leadership.”
Greene additionally added a warning to Johnson, writingAs much as the data is making the case for a December hike, reading the BOJ tea leaves, it is clear the Bank has a preference to wait a little bit longer,
said Tapas Strickland, head of market economics at National Australia Bank, who expects a quarter-point rise in JanuaryThe deal that was already agreed to would responsibly fund the government, offer badly needed disaster relief to communities across America, and deliver some good bipartisan policy reforms. The American people do not want chaos or a costly government shutdown all because an unelected billionaire wants to call the shots — I am ready to work with Republicans and Democrats to pass the bipartisan deal both sides negotiated as soon as possible."
Murray addedSome did identify policy uncertainty as one of the reasons for their writing down more uncertainty around inflation,
Powell saidWith today's action, we have lowered our policy rate by a full percentage point from its peak, and our policy stance is now significantly less restrictive,
Fed Chair Jerome Powell told reporters at a press conferenceWe do not look forward to these changes."
Weinberg referenced political uncertainty in the U.S. and the possibility of trade disagreements sayingAny member of the House or Senate who votes for this outrageous spending bill deserves to be voted out in 2 years!"
Musk postedI would be surprised if we see big cuts in 2025, but they will respond to policy and data. If Trump goes through with tariffs and mass deportation, that will be inflationary and likely to cause the Fed to put rate cuts on hold."
When asked whether cuts in 2025 be significant or smaller, Baker saidIt's not unlike driving on a foggy night or walking into a dark room full of furniture. You just slow down."
Powell added for emphasis about what happens with uncertaintyI’ll vote for somebody else,
Massie said WednesdayLet us never negotiate out of fear
Jeffries rallied his members in a caucus meeting this morning to stick with the deal they’d already agreed to, Nicholas Wu and Daniella Diaz report, while also quoting President JOHN F. KENNEDY on the need to keep talkingIt's like limiting, you know, increasing your credit card limit, while you don't do anything to actually constrain spending,
Representative Chip Roy told reportersThis shows how much your voice matters!" ... And having a President like @realDonaldTrump means that your voice is finally heard."
the Tesla CEO wrote on XBecause of our display of unity, the lines of communication have been reopened,
Jeffries said, ... according to the people in the roomThey've asked for a shutdown,
Vance said of DemocratsWe moved pretty quickly to get to here, and I think going forward obviously we're moving slower,
Powell told reportersNo bills should be passed [by] Congress until Jan 20, when [Trump] takes office, ... None. Zero.”
Musk said Wednesday on his social platform, XThe bill last night also included disaster relief for those who were impacted by the hurricane, and a much needed extension of the Farm Bill and help for farmers as well, which [are] priorities that most Republicans support.”
He addedNow we can Make America Great Again, very quickly,
Trump said in a statementThere won’t be anything approved unless the debt ceiling is done with,
He added to ABC’s Jonathan Karl ... Trump said, ... per KarlThis is the first time in weeks that the Democrats have been able to talk about anything other than why Kamala Harris lost."
University of California, Pepperdine University, and the University of Southern California politics professor Dan Schnur addedThe 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,
they saidEverybody agreed, ... and then it was blown up by Elon Musk, who apparently has become the fourth branch of government. And that's just an intolerable way of proceeding."
he saidSo we're trying to steer between those two risks and on balance we decided to go ahead with a further cut,
he saidIn the end, I really wish the Fed hadn't been so definitive about the need to cut rates going forward, albeit more slowly,
he saidIt is, I think, really irresponsible for us to risk a shutdown over these issues on things that they have already agreed upon,
he saidWe can therefore be more cautious as we consider further adjustments to our policy,
he saidThe economy seems to be somewhat stronger than they had expected. This means there is less need to have rate cuts to sustain growth, although there are some signs of weakening in the household data,
he saidBecause that's what this is about. It is about the tax cut fight that is happening in March,
she saidAfter listening to Fed Chief Jay Powell this afternoon I think a lot of people got even more baffled,
he saidThey will drag this on as long as possible and every day let the American people know that somehow we're responsible, when they're the ones that voted against the deal,
she saidPresident Musk said 'don't do it, shut the government down,'
she said