Skip to content

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please ensure that you fully understand the risks involved. CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please ensure that you fully understand the risks involved.

Border deal talks fail as second US government shutdown looms

Democratic and Republican lawmakers have clashed on Sunday over border wall funding, as a repeat of another US government shutdown could be a reality.

Shutdown US government Source: Bloomberg

Lawmakers have said, attempts made to resolve issues over border security funding would go well into the weekend as a special congressional negotiating panel will aim to reach a deal by Monday.

The lawmakers hoped to have an agreement by Monday to allow time for the legislation to pass and get signed by president Donald Trump by Friday.

Republican senator Richard Shelby told Fox News on Sunday that talks were currently on hold. He said the impasse was over the Democrats’ desire to reduce the number of beds in detention facilities for people who enter the country illegally.

It comes after Trump agreed to end a 35-day partial US government shutdown on January 25, without getting $5.7 billion in wall funding from Congress. The Democrats identified this as a win, and instead agreed to a three-week spending deal to give lawmakers time to resolve their disagreements.

A major disagreement between the two parties is that the Democrats want fewer detention beds for people arrested by US Immigration agents, (ICE) while the Republicans want to increase the number as part of a broader immigration plan.

The plan is part of Trump’s pledge to stop the influx of undocumented immigrants by building a border wall and cracking down on illegal immigrants living in the US by conducting more deportations.

US government shutdown looms

Trump weighed in on the situation on twitter, saying: ‘They are offering very little money for the desperately needed border wall & now, out of the blue, want a cap on convicted violent felons to be held in detention!’

Meanwhile, White House budget director Mick Mulvaney said he could not rule out another shutdown. 'You absolutely cannot,' Mulvaney, told NBC's Meet the Press on Sunday. 'Is a shutdown entirely off the table? The answer is no.' He said.

Political analysts worry, another US government shutdown coudl be close if the two parties don't reach a decision by deadline.

IGA, may distribute information/research produced by its respective foreign affiliates within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.

The information/research herein is prepared by IG Asia Pte Ltd (IGA) and its foreign affiliated companies (collectively known as the IG Group) and is intended for general circulation only. It does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.

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. Please see important Research Disclaimer.

Please also note that the information does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Any views and opinions expressed may be changed without an update.

Live prices on most popular markets

  • Forex
  • Shares
  • Indices

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 20 mins.

The Momentum Report

Get the week’s momentum report sent directly to your inbox every Tuesday for FREE. The Week Ahead gives you a full calendar of upcoming key events to monitor in the coming week, as well as commentary and insight from our expert analysts on the major indices to watch.

For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.