The House passed a continuing resolution aimed at keeping the government operational for another six months, which now faces a challenging path in the Senate. With Democrats outnumbered and needing bipartisan support to pass the plan, Senate Minority Leader Chuck Schumer expressed reluctance to back the resolution. Only one Democrat, John Fetterman, has voiced support, while Republican Rand Paul has expressed opposition. HUD's shutdown plan from September specifies that while new loans will continue, certain loan types will not be insured, impacting the mortgage market stability.
Only one Democratic senator, John Fetterman, has signaled he would support the spending plan, highlighting divisions in party strategy, especially against the Trump administration's influence.
Senate Minority Leader Chuck Schumer indicated the Democratic minority is unlikely to support the Republican spending plan, requiring significant bipartisan cooperation to succeed.
#government-funding #republican-party #senate-dynamics #democratic-party #housing-market #continuing-resolution
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