Trump Threatens Democrats: "I'll Shut Down Government" If No Wall Funding

Update: Insisting that he would be "happy" to force another government shutdown if Democrats don't accede to his demands that the next funding bill include $5 billion earmarked for construction of his border wall, Trump reiterated that he will make sure the wall gets built 'no matter what' following his Tuesday morning meeting with Pelosi and Schumer, which, as expected, yielded no discernible progress toward a compromise. However, as some analysts pointed out, Trump has risked a political backlash by openly courting blame for a shutdown, should one come to pass.

  • TRUMP THREATENS U.S. GOVERNMENT SHUTDOWN IF WALL DEMAND NOT MET

  • TRUMP SAYS PELOSI IS IN TOUGH SITUATION FOR NEGOTIATING FUNDING

  • TRUMP SAYS `I WILL BE THE ONE TO SHUT IT DOWN' IF NO WALL

  • TRUMP SAYS HE'D BE PROUD TO SHUT DOWN GOVT OVER BORDER WALL

According to BBG's Jennifer Jacobs, an impromptu post-meeting press conference devolved into a 'wild scene' as Trump and his Democratic opponents engaged in some vitriol-soaked sniping.

Trump insisted that he has the votes for the Wall in the House, but the trouble is the Senate, where he would need 10 Democratic votes. Pelosi said, if he's so confident, why doesn't he go ahead and do it. Trump replied that he didn't want to waste his time in the House if the bill would be DOA in the Senate.

Earlier reports said Pelosi and Schumer had planned to offer Trump $1.3 billion in funding for a reinforced 'border fence' as a counter to his demands for $5 billion in funding for the wall. Trump has apparently rejected that proposal.

Stocks appeared to break lower on the headlines, as anxieties about another shutdown are adding to an already long list of market-negative risks:

And the Treasury Bill curve has steepened drastically around the potential shutdown date (12/13 at 2.025%, 12/26 at 2.230%)

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Lawmakers are furiously negotiating to try and strike a compromise that would avert a partial government shutdown (what would be the third since Trump's inauguration), but President Trump is digging in his heels and demanding that any funding bill set aside at least $5 billion for his promised border wall in what looks to be a last-ditch gambit to fulfill one of his most grandiose campaign promises before Democrats take the House in January.

And just in case Democratic leaders were hoping they could push through another compromise capitulation (like they did earlier this year), Trump issued a series of browbeating tweets Tuesday morning warning accusing Democrats of hypocrisy by reminding the world that both Nancy Pelosi and Chuck Schumer voted to fund the construction of a border barrier back in 2006 (they voted for a bill that, as Politifact reminds us, wasn't all that different from what Trump has proposed).

Between the Wall prototypes and the renovations that have already been approved by Congress and the Trump Administration, Trump said many Americans don't realize how much of the wall has already been built. And if Democrats don't give Trump what he wants, the president said he's prepared to do an end-run around Congress and order the military to build the wall.

 

Trump is expected to meet with Pelosi and Schumer on Tuesday for face-to-face budget talks as the Dec. 21 deadline is less than two weeks away.

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