Senate leaders working on new deal to end US shutdown
Senate leaders are in talks to reopen the government after two failed attempts, as Trump outlines conditions to ensure payment on the US-Mexico wall.
This comes after two failed attempts to end the impasse in the Senate on Thursday.
According to US media reports, the Senate rejected the house backed legislation that would fund the government through February 8, in a 52-44 vote.
In a 50-47 vote, the Senate also blocked legislation endorsed by Trump that provided $5.7 billion for his border wall, according to Politico reports.
White House press secretary Sarah Sanders announced on Thursday that Senate majority leader Mitch McConnell and Senate minority leader Chuck Schumer were working on a new deal to reopen the government.
Trump has reportedly indicated he will accept "a large down payment on the wall," as talks between lawmakers continue.
Lawmakers also explored options to end the month-long impasse with the White House and fund government operations for three weeks while talks continue.
Three-week funding bill
Republican Senator Lindsey Graham said he had spoken to Trump about a three-week funding bill.
‘All of us believe if we have three weeks with the government open that we could find a way forward to produce a bill that he would sign, that would be good for everybody in the country,’ Graham said on the Senate floor.
‘To my Democratic friends, money for a barrier is required to get this deal done.’ Graham said.
However conflict continued after six Republican senators voted with Democrats to temporarily reopen government agencies without money for Trump’s wall.
The month-long shutdown was initially sparked by Trump’s demand for a $5.7 billion border barrier that was opposed by Democrats.
The shutdown continued when Trump’s demands for the wall became relentless, and Democrats contined to refuse to fund the wall, leaving 800,000 federal workers, as well as private contractors, without pay.
This information has been prepared by IG, a trading name of IG Australia Pty Ltd. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
Live prices on most popular markets
- Forex
- Shares
- Indices
