Gov. Shutdown Bill Unveiled and Trumps Bail
Hello everyone and welcome back to another week of Politics Explained! If you’re new, we publish short and concise blogs every Friday that recap the happenings of Capitol Hill. This was another eventful week, with another government shutdown bill unveiled and former President and current Republican nominee for President Donald Trump’s bond failures. If you want to be updated on all the happenings on Capitol Hill and in Congress, make sure to follow our instagram account @politicsexplained1776. Now let’s dive right into the blog!
Early Thursday morning, Congressional leaders in the House of Representatives and the Senate unveiled a new $1.2 trillion spending bill that will keep about 70% of the government running until September (the remainder of the government having been funded several weeks ago). There is much speculation as to whether this bill will be passed by the House today, with Senate action expected sometime this weekend. Make sure to follow our Instagram for any updates on the bill. Tonight at midnight is when the government is expected to shut down unless this stop-gap bill is passed to keep the government running. Some of the branches of government that would shutdown include the Pentagon, the Department of Homeland Security, and all health agencies. The White House is urging the House and Senate to pass this legislation so the government can stay afloat.
Former President Donald Trump has 4 days left to pay $454 million or else the government will start taking his assets as collateral. Earlier we talked about the former President’s case that involved him over-valuing assets which included office buildings, golf clubs, and other assets of his name. Trump ended up losing the case and the judge ruled in favor of the prosecutor. The judge gave the former President a judgment* of $454 million to pay. This week Donald Trump’s lawyers told a judge that he could not afford this and needed time to raise the collateral. Trump’s lawyers already requested extra time and the courts have already given him a grace period of 30 days that will be up on March 25. The prosecutor can still give more time to Trump if she wishes to do so. If Trump can not get enough money, he could request a loan from a bank or sell one of his assets or properties. If Trump can not pay, then the prosecutor can freeze many of the former President’s bank accounts and take some of his properties. There will be more to come on this, so stay tuned!
Definition of the Week (Judgement): A decision of a court or judge
