Connect with us
LIVE

News

Senate to vote on funding deal

Published

on

Senate to vote on funding deal

The U.S. Capitol is shown up North Capitol Street on Nov. 6, 2025 in Washington, DC.

Eric Lee | Getty Images

The Senate was on track Sunday night to pass a deal that could end the federal government shutdown, which began on Oct. 1.

A person familiar with the deal told CNBC that enough Democratic senators had agreed to vote for the deal to clear a 60-vote minimum threshold. It would fund the U.S. government through the end of January.

The person familiar with the deal said that there are at least eight members of the Democratic caucus who would vote in favor of it. That would give the measure 61 votes, one more than the minimum required to pass.

If passed, the deal would have to be approved by the House of Representatives and signed into law before the shutdown would end.

The Senate has been stalemated for weeks over the Republican majority’s insistence on passing a House bill that would provide short-term funding for government operations, without addressing a key looming question over the fate of enhanced Affordable Care Act tax credits.

And most Democrats have refused to vote for a stopgap funding bill that does not extend the life of those ACA subsidies, which are due to expire at the end of the year.

Advertisement

The deal calls for a vote on a bill related to the ACA credits by the second week of December. Democrats would get to pick which bill is voted on at a time when there is strong public opinion in favor of extending the subsidies, which more than 20 million Americans use to reduce the cost of health insurance coverage purchased on Obamacare marketplaces.

The deal also calls for a reversal of all permanent layoffs of government employees during the shutdown and protection of such so-called reductions-in-force happening until the end of fiscal year 2026.

The deal guarantees that all federal workers will be paid their normal salaries during the shutdown, when many of them were not allowed to work.

The package also includes provisions for having a bipartisan budget process and preventing the White House from using continuing resolutions to fund the government.

It would also fund, through September, the SNAP program which helps feed 42 million Americans through food stamps.

This is breaking news. Please check back for updates.

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