“ On Wednesday, the US Senate blocked for the ninth time a bill passed by the House of Representatives on the temporary funding of the federal government, necessary to end the government “shutdown”, which has lasted for more than two weeks. The Treasury Department estimates that the shutdown is costing the US economy $15 billion a day, but Republicans and Democrats stand firm, showing no signs of compromise. Source: The Hill, Reuters Details: The Senate voted 51-44 in favor of a proposal that would keep the government funded until the end of November. 60 votes were required for its adoption, but this did not happen. The proposal, previously approved by the House of Representatives, called for so-called “clean” funding — without policy strings or additional provisions. Democrats continue to insist that any funding deal must include a solution to increased health care subsidies that are expiring. In turn, the Republican leadership says it is ready to negotiate these subsidies only after the government resumes its work. Senate Majority Leader John Thune accused Democrats of delaying the process. “Democrats are showing no signs that they are ready to end the shutdown,” he said, adding that critical issues such as military pay have not made them change their position. “They’ll just have to wait until the far-left Democratic base is satisfied,” Thune said. Democratic Minority Leader Chuck Schumer emphasized that the negotiations are not producing any results, and the key date is November 1, when registration for health insurance ends. “The health care crisis is happening now… And yet Republican leaders — especially (Speaker Mike Johnson — ed.) — continue to stall,” Schumer said. Amid the political impasse, Finance Minister Scott Bessent assessed the economic toll from the two-week shutdown. He said the government shutdown is costing the U.S. economy about $15 billion a day in lost production and is starting to “undermine the muscle” of the U.S. economy. Bessent called on Democrats to “become heroes” and join Republicans to end the shutdown. According to the minister, the wave of investment in the US economy, particularly in artificial intelligence, is sustainable, but the government shutdown is becoming an increasing obstacle. “The only thing holding us back here is the government shutdown,” Bessent said. He also noted that the US budget deficit for fiscal year 2025, which ended on September 30, turned out to be smaller than the previous year. Bessent expressed hope that the deficit-to-GDP ratio could fall to 3 percent in the coming years if the U.S. can “grow more, spend less and contain spending.” Background: The U.S. government largely shut down on Oct. 1 — a so-called shutdown — as deep partisan divisions prevented Congress and the White House from reaching a funding agreement.”, — write: www.pravda.com.ua
US Congress. Photo: Getty Images Source: The Hill, Reuters
Details: The Senate voted 51 to 44 in favor of a proposal that would keep the government funded until the end of November. 60 votes were required for its adoption, but this did not happen. The proposal, previously approved by the House of Representatives, called for so-called “clean” funding — without policy strings or additional provisions.
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Democrats continue to insist that any funding deal must include a solution to increased health care subsidies that are expiring. In turn, the Republican leadership says it is ready to negotiate these subsidies only after the government resumes its work.
Senate Majority Leader John Thune accused Democrats of delaying the process.
“Democrats are showing no signs that they are ready to end the shutdown,” he said, adding that critical issues such as military pay have not made them change their position.
“They’ll just have to wait until the far-left Democratic base is satisfied,” Thune said.
Democratic Minority Leader Chuck Schumer emphasized that the negotiations are not producing any results, and the key date is November 1, when registration for health insurance ends.
“The health care crisis is happening now… And yet Republican leaders — especially (Speaker Mike Johnson — ed.) — continue to stall,” Schumer said.
Amid the political impasse, Finance Minister Scott Bessent assessed the economic toll from the two-week shutdown. He said the government shutdown is costing the U.S. economy about $15 billion a day in lost production and is starting to “undermine the muscle” of the U.S. economy. Bessent called on Democrats to “become heroes” and join Republicans to end the shutdown.
According to the minister, the wave of investment in the US economy, particularly in artificial intelligence, is sustainable, but the government shutdown is becoming an increasing obstacle.
“The only thing holding us back here is the government shutdown,” Bessent said.
He also noted that the US budget deficit for fiscal year 2025, which ended on September 30, turned out to be smaller than the previous year. Bessent expressed hope that the deficit-to-GDP ratio could fall to 3 percent in the coming years if the U.S. can “grow more, spend less and contain spending.”
Prehistory:
- The U.S. government largely shut down on Oct. 1 — a so-called shutdown — as deep partisan divisions prevented Congress and the White House from reaching a funding agreement.