The House is scheduled to vote on a short-term budget deal Thursday afternoon, but the latest count shows that House GOP leaders don't have enough votes. Now, President Trump has thrown a wrench into Speaker Ryan's bargaining power, tweeting that the Children's Health Insurance Program (CHIP) shouldn't be included in a short-term plan.
Reason Magazine Editor-at-Large Matt Welch explains why a government shutdown "may happen by accident." Since it's been almost five years since the last shutdown, Welch says politicians may have forgotten how much Americans hate it when the government comes to a halt.
If Republican leaders can't get enough votes for the short-term budget deal, then Congress will only have 24 hours to put another deal together. The last time the government shut down was October 2013.
House Democrats are dealing with one of the thinnest majorities in years. Right now it's sitting at just three seats, and a handful of appointments to cabinet positions didn't help the situation. Next week, however, Democrats in Ohio's 11th Congressional District in Cleveland will decide who will ultimately replace former Rep. Marcia Fudge after the general election in November.
John Barnes, one of the many democratic candidates in the Ohio 11 primary, joins Cheddar Politics to discuss.
As Stablecoins become more popular, U.S. regulators are planning to come up with a set of parameters these companies must abide by. Even Treasury Secretary Janet Yellen and Fed Chairman Jerome Powell say regulations are necessary before Stablecoins are widely adopted. But what's the best way to regulate them and how? Cheddar's Alex Vuocolo explains.
