Different president, same old government shutdown threats

Different president, same old government shutdown threats

In giving up his insistence that any bill to fund government must include money to start building a wall on Mexican border, President Donald Trump showed that he can, in fact, be talked off a ledge, even one of his own making.

"I think it becomes a waste of legislative time to engage in these ideological disputes with threats to shut the government down", said U.S. Rep. Ryan Costello in a telephone interview from Washington, D.C. It would also come on the president's 100th day in office, a significant milestone that threatens to be overshadowed if Congress and the White House fail to keep the government open.

"We could explore - not necessarily a visa, that could impede a lot of people from coming to Mexico - but we could perhaps (have) a fee associated with entry", Videgaray said.

The Republican president took to Twitter on Sunday to warn Democrats that the Affordable Care Act, popularly known as Obamacare, could soon lose essential funding without Democratic support for a congressional spending plan to keep the government running. "And, boy, I just don't want to see that happen". The Republican from Texas has proposed a bill calling for jailed Mexican drug lord Joachim "El Chapo" Guzman to fork over $14 billion.

Luis Videgaray, Mexico's foreign relations secretary, joined the chorus of wall detractors, calling the president's plan an "unfriendly, hostile" act that undermines the good relationship enjoyed by the US and Mexico.

The government shutdown is unlikely to have major impacts on markets, but it could set the stage for a more important showdown in the future over the debt ceiling, which limits the borrowing of the US Treasury.

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Republican Senator Jeff Flake, who represents the southwestern border state of Arizona, speaking to reporters on Tuesday, said there is a need for a wall in some border locations and alternative deterrents in others.

"You will not find a border patrol agent or border enforcement officer who's not going to be extremely supportive of technological capabilities being brought to bear on the border", says David Aguilar, former commissioner of US Customs and Border Patrol, who now serves as principal of the security consulting firm GSIS. The wall is the key to regaining control of immigration, and for the left, the nation without borders is central to the America they dream of creating. Senate Democrats insist that they will not support any budget that includes wall funding.

As a candidate, Trump repeatedly vowed to reform the tax code and slash the corporate tax rate from 35 percent to 15 percent.

"There are so many questions that investors face right now, but we tend to climb a wall of worry", said Jim Russell, a principal and portfolio manager at Bahl & Gaynor, which manages $18.7 billion of assets for clients.

Once a shutdown is averted, Republicans and the White House could use the additional time to negotiate. "If.the wall is not built, which it will be, the drug situation will NEVER be fixed the way it should be!" On the wall and a host of other issues, they often emphasize Trump's lack of experience in politics in explaining why he is altering his positions. The Department of Homeland Security already has a plan to build 100 miles of walls in some critical areas.

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