"Eight Democratic senators broke ranks with their party over the weekend, getting the ball rolling towards a vote that could end the nation's longest-ever federal government shutdown, which has already lasted 41 days. The compromise that catalyzed their move did not include an extension of Obamacare health insurance subsidies, as the Democrats had desired; it does however contain a pledge by Republicans to hold a December vote on extending the subsidies."
"Most importantly, an end to the shutdown would reinstate funding for SNAP food subsidy benefits, permit payment of government workers such that air traffic controllers would return to work in full force, permit air travel to resume at normal levels - and generally get the government running like normal again. First, though, the Senate will need to move past procedural votes to approve a Continuing Resolution funding the government,"
Eight Democratic senators broke ranks to advance a vote that could end the 41-day federal government shutdown. The compromise excluded an immediate extension of Obamacare subsidies but secured a Republican pledge for a December vote on subsidies. Ending the shutdown would restore SNAP funding, permit payment to government workers including air traffic controllers, and allow air travel and other government functions to return to normal. The Senate must pass a Continuing Resolution, the House must approve the Senate version, and the President must sign the bill. Markets reacted positively and recent corporate earnings included beats from Tyson Foods and Instacart.
Read at 24/7 Wall St.
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