Trump is spending the last few hours relentlessly attacking Obama’s health plan in the face of the threat of a possible GDP contraction.
Madrid, November 9 (Europe Press) – The US Senate meets on Sunday in a special session to try to put an end to the 39-day suspension of government activities that threatens to contract GDP in the fourth quarter of 2025, said the director of the White House National Economic Council, Kevin Hassent.
Speaking to CBS, Hassett noted that US investment bank Goldman Sachs had previously estimated that a partial government shutdown would cost the United States about 1.5% of GDP. However, the CEN director warned that “this figure is likely to be lower” if the lockdown continues for “a few more weeks”.
The suspension of flights due to the lack of air traffic controllers or the enormous problems in distributing food aid to the needy population are among the difficulties that the US government is going through to continue working after the failure of the Democrats and Republicans to agree on various spending items, including health.
Trump was blaming former Democratic President Barack Obama’s health plan on Sunday and subsidies the government has paid to insurance companies since the pandemic. On Friday, Democrats offered to reopen the government in exchange for a one-year extension of health care tax credits, a proposal that Republicans quickly rejected.
Trump disavowed on his “Social Truth” platform that “the Obamacare scam directly benefits their allies in the insurance industry. They are getting richer at the expense of the American people, while health coverage is deteriorating. If the Democrats succeed in achieving their goal again, they will make another huge profit at the expense of the American people.”
Trump demanded, as he did on Saturday, that the Republican majority in the Senate propose providing relief directly to the American people. “Republicans should allocate this money directly to their personal health savings accounts,” he said.
Republican Senate Majority Leader John Thune announced on Sunday that the Senate will remain in session until the government reopens in what is expected to be a marathon meeting.
Senators are working on the final version of a package of three long-term appropriations bills that will be part of Republicans’ plan to overcome the impasse. For his part, Thune is promoting a strategy that involves first favoring the temporary funding resolution then approved by the House of Representatives (House of Representatives), amending it to include the appropriations package – known as the “minibus” – and, ultimately, extending funding for a longer period.
A vote to begin this process could take place on Sunday. However, it seems that both sides are still very far apart.
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