Connect with us
LIVE

News

Senate to vote on funding bills again

Published

on

Senate to vote on funding bills again

U.S. Senate Minority Leader Chuck Schumer (D-NY) speaks next to Senator Brian Schatz (D-HI) and Senator Amy Klobuchar (D-MN) during a press conference at the U.S. Capitol on the third day of a partial government shutdown, on Capitol Hill in Washington, D.C., U.S., Oct. 3, 2025.

Nathan Howard | Reuters

The Senate is set to vote again on Wednesday on competing Republican and Democratic funding proposals to end the government shutdown, which stretched into its eighth day with no hint of progress toward a resolution.

The dueling stopgap measures will be the final two in a series of three votes that were scheduled to begin at 11:20 a.m. ET. The resolutions failed to pass in five previous votes.

Both parties’ leaders blame each other for the shutdown, which began on Oct. 1.

Republicans, who hold slim majorities in both chambers of Congress, want a short-term measure that will resume funding the U.S. government at current levels through Nov. 21.

Democrats demand that any such bill include health-care protections — especially an extension of enhanced Obamacare subsidies that are set to expire at the end of this year.

“Republicans are shutting down the government because they refuse to fix and address the crisis in American healthcare,” Senate Minority Leader Chuck Schumer, D-N.Y., said before the votes began.

Advertisement

Republicans currently need about eight votes from senators in the Democratic caucus to pass their short-term funding measure to overcome the Senate’s 60-vote filibuster rules.

Read more CNBC government shutdown coverage

President Donald Trump and his fellow Republicans have largely refused to negotiate with Democrats, whom they accuse of holding the government hostage.

The Democrats’ funding proposal “doesn’t pass here, doesn’t pass the House, wouldn’t get signed into law by the president,” Senate Majority Leader John Thune, R-S.D., said on the chamber floor after Schumer.

The White House has also warned that federal workers will be fired, and floated the possibility of denying back pay to furloughed employees, if the shutdown drags on much longer.

But House Speaker Mike Johnson, R-La., said on Wednesday that he agrees that federal law requires furloughed workers to be paid upon their return to work.

This is developing news. Please check back for updates.

CNBC’s Erin Doherty and Lillian Rizzo contributed to this report.

Source link

Title

This industrial giant is emerging as a big AI play, says Wells Fargo This industrial giant is emerging as a big AI play, says Wells Fargo
Crypto4 months ago

This industrial giant is emerging as a big AI play, says Wells Fargo

  Wells Fargo sees Caterpillar continuing to roar higher, emerging as an artificial intelligence play. The bank initiated shares of...

Novo Nordisk's strategy tested as investors push back on board revamp Novo Nordisk's strategy tested as investors push back on board revamp
Crypto4 months ago

Novo Nordisk’s strategy tested as investors push back on board revamp

    Flags with the logos of Danish drugmaker Novo Nordisk, maker of the blockbuster diabetes and weight-loss treatments Ozempic...

Alibaba plans AI subscriptions, stablecoin-like payments with JPMorgan Alibaba plans AI subscriptions, stablecoin-like payments with JPMorgan
Crypto4 months ago

Alibaba plans AI subscriptions, stablecoin-like payments with JPMorgan

  Key Points Alibaba plans to use “tokenization” of payments for cross-border transactions in its business-to-business arm. Kuo Zhang, president...

Abraham Lincoln set off an education revolution in 1862 with the Land Grant Act. We need the same thing today for AI Abraham Lincoln set off an education revolution in 1862 with the Land Grant Act. We need the same thing today for AI
Crypto4 months ago

UK borrowing costs spike on report government to scrap plans to raise income tax

    Rachel Reeves, U.K. chancellor of the exchequer, delivers a speech in London, UK, on Tuesday, Nov. 4, 2025. Bloomberg...

An Indonesian Unicorn's Vision For Digital Payments An Indonesian Unicorn's Vision For Digital Payments
Crypto4 months ago

Trump’s threatened the BBC with a $1B lawsuit: Here’s what’s going on

    US President Donald Trump speaks to reporters as he arrives at Palm Beach International Airport on Oct. 31,...

We're downgrading a portfolio stock. Plus, what's causing the market's rally We're downgrading a portfolio stock. Plus, what's causing the market's rally
Crypto4 months ago

UBS’s picks for global returns next year

  Investors looking for global diversification opportunities should look to a specific subset of stocks in Europe, according to UBS...

Nvidia will soar nearly 75%, says Loop Capital Nvidia will soar nearly 75%, says Loop Capital
News4 months ago

AI companies admit they’re worried about a bubble

    Eakarat Buanoi | Istock | Getty Images LISBON, Portugal — Top tech executives told CNBC they’re concerned about...

CEO Southeast Asia's top bank DBS says AI adoption already paying off CEO Southeast Asia's top bank DBS says AI adoption already paying off
News4 months ago

CEO Southeast Asia’s top bank DBS says AI adoption already paying off

Tan Su Shan, deputy chief executive officer and managing director of institutional banking at DBS Group Holdings Ltd., speaks during...

China's economic slowdown deepens in October as housing slump worsens and investments shrink more than expected China's economic slowdown deepens in October as housing slump worsens and investments shrink more than expected
News4 months ago

China’s economic slowdown deepens in October as housing slump worsens and investments shrink more than expected

CHENGDU, CHINA – OCTOBER 18: People walk past the Louis Vuitton store at Taikoo Li, a high-end shopping area that...

U.S. to remove tariffs on some products from Ecuador, Argentina, Guatemala and El Salvador U.S. to remove tariffs on some products from Ecuador, Argentina, Guatemala and El Salvador
News4 months ago

U.S. to remove tariffs on some products from Ecuador, Argentina, Guatemala and El Salvador

The United States said Thursday it will remove tariffs on some foods and other imports from Argentina, Ecuador, Guatemala and...

Advertisement