For the first time since the start of an almost six-week shutdown, Senate Majority Leader John Thune did not end the session on Friday. Senators are also scheduled to debate on Saturday. All at the request of President Donald Trump, who is even putting pressure on the Republican Party to end the current crisis.
Shutdown coming to an end?
From October 1 this year There is a shutdown in the US, i.e. a government shutdown. In practice, this means freezing the work of a large part of the public sector. And reduced liquidity, because most public employees do not receive payment for their work. This also increases uncertainty in the market, which is already affecting cryptocurrencies.
The situation is already critical, because the shutdown also means cutting off millions of the poorest Americans from food stamps and partial paralysis of the aviation market.
The matter is becoming urgent, so the Senate will begin its next session today at noon (US time).
My maxim is: put them in the barn and don’t let them out until they find a solution
Sen. Ben Ray Luján, a Democrat from New Mexico, said Friday.
However, it is not as if senators do nothing but argue. In the background, members of the House and Senate budget committees are trying to craft a package of three bills that would provide year-round funding for food assistance, veterans programs and other agencies. They are to be added to the provisional budget. The idea of rehiring federal workers laid off during the government shutdown is also being explored.
But senators appear to be very far from solving a key Democratic issue: guaranteeing an extension of subsidies under the Affordable Care Act (ACA), which are set to expire at the end of the year. Republicans propose that the Senate vote on this matter, but only after the government resumes operations.
A compromise could not be reached
Senate Minority Leader Chuck Schumer on Friday introduced what he described as a compromise proposal: Democrats would provide “sabers” that would allow the government to reopen if Republicans agree to a one-year extension of ACA subsidies. However, Thune quickly rejected this proposal, considering it “unacceptable”.
However, the key is the pressure from Donald Trump, who openly demands that Republicans “IMMEDIATELY end the parliamentary obstruction and take care of our great American workers!” It is possible that this is the result of the defeat of the Republican Party in the US local elections, symbolized by Zohran Mamdani’s victory in New York.
Yesterday’s reports about the proposed compromise that would end the shutdown led to a jump in the valuations of bitcoin and leading altcoins. The reopening of the government should give us a strong rebound.
