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US Congress to Aprove Short Term Funding for Children’s Health Insurance

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The House wants to inject nearly $3 billion into the Children’s Health Insurance Program to keep it funded through March. The money would be included in a short-term spending bill to keep the federal government open.

Though CHIP is popular on both sides of the political aisle, its funding ended on Sept. 30, and Congress has failed to reauthorize it. States have started warning that children will lose their coverage if lawmakers don’t act fast.



Parents have been pleading with Congress to keep their children insured. Even Jimmy Kimmel urged Americans to tell their representatives to fund the program.

The federal government is set to shut down Friday as Republicans grapple with how to fund it before the end of the year. The GOP is eyeing another short-term solution that would only get them through the middle of January, but even that has been politically precarious.

via CNN

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the nagribahFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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