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.
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
See more forex live prices
See more shares live prices
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.
See more indices live prices
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 20 mins.
