2024 Discover Boating Boat & Sport Shows Kick Off In January, Spanning 10 Major Markets Across The Country
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FEATURED INDUSTRY NEWS2024 Discover Boating Boat & Sport Shows Kick Off In January, Spanning 10 Major Markets Across The CountryDiscover Boating® announced today its lineup of 2024 consumer boat and sport shows. Kicking off in January and extending through the fall, Discover Boating boat shows, in partnership with Progressive Insurance®, will take place in 10 markets throughout the country, including New York, Atlanta, Chicago, and Miami with a focus on attracting both current boaters and next-gen customers through floorplan expansions, enhancements to the Discover Boating boat show experience and Boat Finder upgrades. Read More 2022 Canadian Abstract: Boating Retail Markets Report Now AvailableNMMA’s 2022 Canadian Boating Statistical Abstract’s retail markets report is now available for member download. After two years of strong sales, new boat unit sales fell nearly 12% in 2022, returning to pre-pandemic levels. Read More LEADING ECONOMIC AND POLICY NEWSHouse Speaker’s Plan To Avert Government Shutdown Gains Tentative Support From Some DemocratsReuters reports House Speaker Johnson’s plan to avoid a partial government shutdown “secured tentative support” from Senate Majority Leader Schumer on Monday. Schumer, “whose support would be critical to pass the measure to head off a government shutdown beginning on Saturday, said he was ‘pleased’ that Johnson’s proposal did not include sharp spending cuts.” Schumer, who “stopped short of backing the idea,” said, “The speaker’s proposal is far from perfect, but the most important thing is it refrains from making steep cuts.” The Hill says Schumer “on Monday postponed a procedural vote to advance Senate legislation to fund the government beyond Nov. 17 in order to give” Johnson “a chance to move first with a two-step stopgap that would fund federal departments until Jan. 19 and Feb. 2. By delaying the vote, Schumer indicated that he is willing to give Johnson the time and space to pass a House GOP-drafted continuing resolution that would fund the government at current levels.” Schumer said, “We are pausing on our plans to move forward on a Senate vehicle to allow the House to move first with their proposal. I’ve said since the very beginning that bipartisanship is the only way to avoid a government shutdown.” The Hill reports in another story that Senate Minority Leader McConnell also endorsed the plan on Monday as a “responsible measure that will keep the lights on.” But McConnell also “stressed the need for ‘supplemental resources’ as lawmakers press for aid to Israel and Ukraine.” McConnell said on the Senate floor, “Regular order requires that Congress provide itself the time for careful consideration and thorough amendment. ... I’m glad to see that [Speaker Mike Johnson (R-La.)] has produced a continuing resolution that would do exactly that.” The Hill reports House Minority Leader Jeffries “suggested Monday that Democrats may support the Republicans’ short-term funding bill to prevent a government shutdown – a sharp change of tone that could pave the way for easy passage when the bill hits the floor on Tuesday.” In a letter to House Democrats, Jeffries “stopped short of saying party leaders are ready to endorse” the proposal. But “he also didn’t rule it out.” Jeffries wrote, “At this time, we are carefully evaluating the proposal set forth by Republican leadership and discussing it with Members.” Johnson Plan Faces Growing Opposition From The Right But the New York Times says Johnson’s proposal “ran into increasing opposition on Monday from hard-line Republicans. ... It was reminiscent of the situation in the House about six weeks ago. Kevin McCarthy, the speaker at the time, was facing right-wing opposition to a measure to keep federal funding flowing and was forced to turn to Democrats to push through a temporary extension. The move cost Mr. McCarthy his speakership. But Mr. Johnson...was not expected to face similar blowback from Republicans, who are not eager to repeat the dysfunction and paralysis that followed their last speaker’s ouster.” Still, Bloomberg says Johnson’s plan “faces opposition from at least eight ultra-conservatives who want immediate spending cuts or changes to immigration law as a condition for any interim measure.” House Freedom Caucus Chair Scott Perry said on X, “I will not support a status quo that fails to acknowledge fiscal irresponsibility, and changes absolutely nothing while emboldening a do-nothing Senate and a fiscally illiterate President.” CNN reports, “Other conservatives also blasted the bill, including Rep. Chip Roy, an influential member of the House Freedom Caucus,” who wrote on X Saturday, “My opposition to the clean CR just announced by the Speaker to the House GOP cannot be overstated. Funding Pelosi level spending and policies for 75 days – for future ‘promises.’” Nonetheless, Reuters says Schumer’s “tentative support suggests Johnson could afford to lose their votes and pass his CR with Democratic support.” Likewise, the Washington Post says the proposal “may attract enough support, including from Democrats in the House and the Senate, to land on the president’s desk this week.” A CNN analysis says Johnson “may be on course to avoid a partial government shutdown with relatively little drama, at least for now.” Johnson “appears to have enough credibility with the right-wing of the party. Anti-spending lawmakers are publicly opposing his approach but not currently threatening his position.” A Washington Post editorial says Senate Democrats “are wise to express ‘openness’ to this House GOP idea. ... The two-tiered spending bill idea actually came from members of the House Freedom Caucus.” but now “many Freedom Caucus members are irate about Mr. Johnson’s version of the plan because it doesn’t make more cuts right now.” Johnson “will need Democratic votes to get this done. What’s in it for Democrats? The alternatives are a shutdown or, worse, dealing with a House GOP budget that makes massive cuts.” Major Stock Indices Little Changed Ahead Of Inflation Data ReleaseCNBC reports that the S&P 500 “ended Monday’s session near the flat line as traders prepared for the release of key inflation data. The broad-market index ended the day down 0.08% to close at 4,411.55.” Also on Monday, the Nasdaq Composite “closed 0.22% lower to end at 13,767.74,” and the Dow Jones Industrial Average “advanced 0.16%, adding 54.77 points and closing at 34,337.87.” According to CNBC, “Investors were looking ahead to October’s reading of the consumer price index, due Tuesday, as the next catalyst for markets. Headline inflation is expected to have grown 3.3% from 12 months earlier, according to economists polled by Dow Jones.” Previous Top Stories | |||||||||||
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