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On The Money: Trump signs short-term spending bill to avoid shutdown | Pelosi casts doubt on USMCA deal in 2019 | California high court strikes down law targeting Trump tax returns

On The Money: Trump signs short-term spending bill to avoid shutdown | Pelosi casts doubt on USMCA deal in 2019 | California high court strikes down law targeting Trump tax returns
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Happy Thursday and welcome back to On The Money. I'm Sylvan Lane, and here's your nightly guide to everything affecting your bills, bank account and bottom line.

See something I missed? Let me know at slane@thehill.com or tweet me @SylvanLane. And if you like your newsletter, you can subscribe to it here: http://bit.ly/1NxxW2N.

Write us with tips, suggestions and news: slane@thehill.com, njagoda@thehill.com and nelis@thehill.com. Follow us on Twitter: @SylvanLane, @NJagoda and @NivElis.

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THE BIG DEAL--Trump signs short-term spending bill to avert shutdown: President TrumpDonald TrumpFacebook temporarily bans ads for weapons accessories following Capitol riots Sasse, in fiery op-ed, says QAnon is destroying GOP Section 230 worked after the insurrection, but not before: How to regulate social media MORE on Thursday signed a funding stopgap measure just hours ahead of a shutdown deadline, extending funding levels from the last fiscal year until Dec. 20.

The measure, which passed in the Senate earlier Thursday and in the House on Tuesday, bought Congressional negotiators an additional four weeks to hammer out a deal on how to spend the agreed $1.37 trillion for the 2020 fiscal year, which began Oct. 1, and tackle thorny issues including Trump's request to fund a border wall.

But behind the scenes, appropriators are far from sure they will be able to work out a deal in time, with many raising concerns that an additional stopgap measure could be necessary ahead of Christmas. The Hill's Niv Elis tells us about the road ahead here.

 

LEADING THE DAY

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Pelosi casts doubt on USMCA deal in 2019: Speaker Nancy PelosiNancy PelosiMissouri woman seen with Pelosi sign charged in connection with Capitol riots Boebert communications director resigns amid Capitol riot: report Revising the pardon power — let the Speaker and Congress have voices MORE (D-Calif.) on Thursday cast doubt on the possibility of passing an updated North American trade deal by the end of 2019, a departure from her previous characterization of the deal as "imminent."

"I'm not even sure if we came to an agreement today that it would be enough time to finish," she said, referencing an end-of-year timeline many had hoped for the United States-Mexico-Canada Agreement (USMCA).

U.S. Trade Representative Robert LighthizerBob LighthizerWhiskey, workers and friends caught in the trade dispute crossfire GOP senator warns quick vote on new NAFTA would be 'huge mistake' Pelosi casts doubt on USMCA deal in 2019 MORE met with Pelosi and House Ways and Means Committee Chairman Richard NealRichard Edmund NealIRS says start of tax filing season delayed until Feb. 12 On The Money: Twenty states raise minimum wage at start of new year | Trade group condemns GOP push to overturn Biden victory | Top Democrat: Georgia runoffs will influence push for ,000 checks Top Democrat: Outcome of Georgia runoffs will influence push for ,000 checks MORE (D-Mass.) later on Thursday, but a final deal remained out of reach. The Hill's Niv Elis fills us in here.

What comes next: Neal said that of five outstanding issues, they had reached an agreement on roughly half of them and would continue negotiations next week. He remained hopeful, however, that the deal could be finalized and signed into law before the New Year.

GOP not happy: House Minority Leader Kevin McCarthyKevin McCarthySasse, in fiery op-ed, says QAnon is destroying GOP Democrats seize on GOP donor fallout Boebert communications director resigns amid Capitol riot: report MORE (R-Calif.) took a swipe at Speaker Nancy Pelosi (D-Calif.) for casting doubt on whether the United States-Mexico-Canada Agreement (USMCA) will pass before the end of the year, accusing the California Democrat of prioritizing impeachment over the updated North American trade deal.

 

California high court strikes down state law targeting Trump tax returns: California's highest state court on Thursday struck down a law that would have required President Trump to hand over his tax returns as a condition to appearing on the state's ballot for the Republican primary.

In a unanimous ruling, the California Supreme Court held that key portions of the Presidential Tax Transparency and Accountability Act, signed in July, violated the state's constitution.

The law also requires gubernatorial candidates to disclose their tax returns for ballot access, but the California justices did not address that portion of the law. The Hill's John Kruzel and Naomi Jagoda explain the ruling here.

 

And there were developments in the two tax return cases the Supreme Court is weighing whether to take up.

Read more: Manhattan DA asks Supreme Court to let them enforce subpoena for Trump tax returns

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Read more: House Dems urge Supreme Court to allow subpoena for Trump's financial records

 

Legislation on Libra: A pair of lawmakers on Thursday introduced legislation that would place stringent government oversight on Facebook's incoming digital currency and similar projects.

The bill from Reps. Sylvia GarciaSylvia GarciaHouse Judiciary Democrats ask Pence to invoke 25th Amendment to remove Trump Lawmakers share New Year's messages: 'Cheers to brighter days ahead' Facebook-backed cryptocurrency Libra changes names MORE (D-Texas) and Lance GoodenLance GoodenREAD: The Republicans who voted to challenge election results Here are the Republicans planning to challenge the Electoral College results 27 GOP reps ask for special counsel to investigate election irregularities MORE (R-Texas) would place the Libra digital coin squarely under the Securities and Exchange Commission's jurisdiction, a move that would subject the cryptocurrency to a set of extensive and well-established regulations.

Facebook has denied that the Libra coin is a security. But lawmakers have struggled to understand how to classify the ambitious Libra project because the U.S. government has not yet defined which federal agencies will be in charge of regulating cryptocurrencies.

More from The Hill's Emily Birnbaum on the bill here.

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Wasserman Schultz makes bid for House Appropriations Committee gavel: Florida Democrat Debbie Wasserman SchultzDeborah (Debbie) Wasserman SchultzHouse Democrats unveil resolution to censure Rep. Mo Brooks over Capitol riots Democrats poised to impeach Trump again House Democrats pick DeLauro to lead Appropriations panel MORE on Thursday threw her hat in the ring to become the next chair of the powerful House Appropriations Committee.

In October, the committee's current chairwoman Rep. Nita LoweyNita Sue LoweyTrump seeks to freeze .4 billion of programs in final week of presidency This week: Trump's grip on Hill allies faces test Trump signs .3T relief, spending package MORE (D-N.Y.), 82, announced that she would retire at the end of the term, leaving open a race for one of the most coveted gavels in the Congress.

Expect a fight: Wasserman Schultz, who chairs the appropriations subcommittee on Military Construction and Veterans Affairs, will face stiff competition.

Rep. Marcy KapturMarcia (Marcy) Carolyn KapturHouse Democrats pick DeLauro to lead Appropriations panel DeLauro wins Steering Committee vote for Appropriations chair DeLauro racks up labor endorsements for Appropriations gavel MORE (D-Ohio), the longest-serving female House member, has seniority on the committee, while Rep. Rosa DeLauroRosa DeLauroTim Ryan, Rosa DeLauro giving free coffee and donuts to National Guard stationed at Capitol Trump seeks to freeze .4 billion of programs in final week of presidency House Democrats request cots for National Guard troops stationed in Capitol MORE (D-Conn.), an ally of Speaker Nancy Pelosi (D-Calif.) who heads the subcommittee covering the largest non-defense spending bill, has also said she will seek the position. More from Niv here.

 

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GOOD TO KNOW

 

ODDS AND ENDS

  • The House Energy and Commerce committee announced a probe into Live Nation and other top online ticket sale companies on Thursday.
  • A group of senators from both parties on Thursday urged the Trump administration to stop issuing licenses for U.S. companies to do business with Chinese telecom giant Huawei, warning that even limited business with Huawei could pose a national security risk.
  • Office-sharing company WeWork announced Thursday it is laying off about 2,400 employees worldwide, as the company looks to cut costs and stabilize its business model.