News Worms
News Worms

United States government shutdown unnecessary: Paul Ryan

United States government shutdown unnecessary: Paul Ryan

He also addressed President Donald Trump's comment that a government shutdown may be preferable if funding for a new border wall with Mexico isn't secured. And in the end, Trump is not likely to alienate forever GOP leaders - given the ongoing Russian Federation investigation. "We made a promise, we ran on this, we said this is necessary, this is what we're gonna do".

"In Wisconsin we need more people to milk dairy cows", Ryan said.

The president has requested $1.6 billion to for wall construction, which Democrats have widely rejected.

"The fact is though, given the time of year it is and the rest of the appropriations we have to do, we are going to need more time to complete appropriations process particularly in the Senate", Ryan said. The S&P 500 index fell.35% and the Dow Jones Industrial Average fell.4%. Ryan told reporters that too many people give their money to the government then politicians decide which good deeds will give them a tax break.

Any connection to the debt limit fight would heighten the stakes, he added.

Ryan who has been a crusader of this agenda even before Trump became President would draw criticism from Democrats some conservatives who would rather prefer Ryan confronts Trump than getting caught in the same moment with the President. Even before Trump's threat Tuesday night, Goldman Sachs Group Inc. was warning clients that there was a 50 percent chance of a government shutdown.

"I think the president feels that that's a strategy that works for him", the speaker said. "But believe me, if we have to close down our government, we're building that wall".

Treasury Secretary Steven Mnuchin has called for a "clean" debt ceiling increase, meaning the vote is not attached to other provisions.

Ryan's problem is that he needs a few Democrats to get the debt ceiling bill passed in the House.

If the two are attached, Trump's veto threat becomes more significant, risking a partial shutdown October 1 and a debt payments default shortly thereafter.


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