O'Leary Ventures president Kevin O'Leary reacts to a possible delay in the third vote on the resolution and the lawmaker demanding the debt ceiling, saying he is still interested in buying TikTok.
As U.S. House lawmakers vote for a third time on a potential continuing resolution (CR) to avoid a government shutdown, “Mr. Wonder” revealed the harsh reality of what's likely to happen by Friday's deadline. , provides
“It's a classic, government shutdown, bad Christmas movie. We've seen it so many times. This is how sausage is made in Washington. I love this political theater. I love it when there's profanity on the floor during the day. Kevin O'Leary , president of O'Leary Ventures, said Friday. In “Varney & Co.”
“They punt for two to three weeks because they want to go home for the holidays. It's as simple as that,” he continued. “That's the solution.”
A Republican lawmaker told reporters in Congress that the House of Representatives is planning to vote on another CR proposal to avoid a partial government shutdown.
What happens during a partial government shutdown?
Rep. Anna Paulina Luna, R-Fla., Talking to reporters outside The office of Speaker Mike Johnson, R-La., said lawmakers were “very close to an agreement” that could be voted on Friday.
Kevin O'Leary details Congress' “bad Christmas movie” on Varney & Co. (FOX Business)
But reports indicate that other representatives have expressed doubts about the speed of holding the third CR vote. The original 1,547-page bipartisan deal collapsed after Elon Musk and Vivek Ramaswamy criticized a spending bill that would have extended the government's budget deadline to March 14.
“Anything that comes through the sausage maker in the next few hours is probably not going to be a debt ceiling, it's probably only going to be a very short-term fix,” O'Leary noted. But it allows Washington to go home and open presents and come back and fight again.”
Rep. Claudia Tenney, R.N., is defeating GOP lawmakers' efforts to find a new House speaker as a potential government shutdown looms.
from thursday US national debt – which is a measure of what US taxpayers were seeking for the country's creditors – had reached $36,167,604,149,955.61. According to the report of the Ministry of Treasury, this figure has decreased by about 21.7 billion dollars compared to the figure reported the previous day.
O'Leary argued that there is no better time than in the new year to include debt ceiling provisions and resolve unnecessary spending cuts.
If ever there was a government with a mission to rein in spending and tackle the deficit, this is it. These next two years (when) Trump approaches supreme power in this field. We must take advantage of it. It happens between semesters.”
Get FOX Business on the Move by clicking here
Kevin O'Leary, president of O'Leary Ventures, discusses expectations for Trump's second term in the White House on “Cavuto: Coast to Coast.”
“You can actually cut some of the costs. We haven't done that in a while. Why not just rein in all these bills that we don't need anymore? If there's anything left in the infrastructure act, Shut it down.” Chips and scienceHe pointed out: these cases are wasted government money.
The business leader claimed to have “looked at these bills.” “I'm one of the few people you talk to who reads this stuff. There's a lot of garbage out there. These things are phone books,” O'Leary said. “And I was just looking for an opportunity for small businesses. There's no opportunity, and that's 62 percent of job creation. So shut them down and save billions of dollars. What's wrong with that?”
Aubrie Spady and Elizabeth Elkind of Fox News and Eric Revell of FOX Business contributed to this report.