Trade Haven Hub - Investing and Stock News
  • Investment Tips
  • Trade Tips
  • Crypto News
  • Economy News
  • Stock Market
  • Investment Tips
  • Trade Tips
  • Crypto News
  • Economy News
  • Stock Market
No Result
View All Result
Trade Haven Hub - Investing and Stock News
No Result
View All Result
Home Economy News

Government shutdown risk grows after Dems block Trump-backed extension for a 2nd time

admin by admin
October 1, 2025
in Economy News
0
Government shutdown risk grows after Dems block Trump-backed extension for a 2nd time
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Senate Democrats again blocked Republicans’ short-term funding extension Tuesday afternoon, further increasing the odds of a partial government shutdown and thousands of federal workers going without paychecks.

Democratic lawmakers in the upper chamber, led by Senate Minority Leader Chuck Schumer, D-N.Y., banded together to vote against the GOP’s continuing resolution (CR), a move that marked the second time Democrats impeded the legislation’s progress this month.

Congress has until midnight Wednesday to pass a CR or else the government will shut down. However, the possibility of that happening became increasingly unlikely throughout the day as Republicans and Democrats huddled behind closed doors in separate meetings hours before the vote. 

The bill, which was passed by the House GOP earlier this month, failed on a largely party-line vote, 55-45. Sen. Rand Paul, R-Ky., was the lone Republican to vote against the bill, while Sens. John Fetterman, D-Pa., Catherine Cortez Masto, D-Nev., and Angus King, I-Maine, crossed the aisle to vote for the funding extension.

Democrats also tried to advance their own counter-proposal, but that bill was similarly blocked by Senate Republicans.

There is still time to avert a partial shutdown, but the window is closing fast. If Schumer and Thune are unable to find a path forward, it would mark the third shutdown under President Donald Trump.

When asked if he believed a shutdown was inevitable, Trump said, ‘Nothing is inevitable.’ 

‘But I would say it’s probably likely, because they want to give healthcare to illegal immigrants, which will destroy healthcare for everybody else in our country,’ he told reporters in the Oval Office. ‘And I didn’t see them bend even a little bit when I said we can’t do that.’ 

Shortly after the vote, however, the Office of Management and Budget released a memo that the appropriations for Fiscal Year 2025 would run out at 11:59 p.m. on Tuesday, making a shutdown official. 

‘It is unclear how long Democrats will maintain their untenable posture, making the duration of the shutdown difficult to predict,’ the memo read. 

Republicans want to pass a ‘clean’ short-term extension until Nov. 21 that would give appropriators time to finish spending bills, while Democrats want to extend expiring Obamacare premium subsidies, among multiple other demands.

But the chances of a deal materializing, particularly one that meets Democrats’ demands, are slim. Both Senate leaders traded barbs throughout the day, first on the Senate floor and then in back-to-back press conferences. 

Thune panned Democrats’ push for an extension to the expiring tax credits, which aren’t set to sunset until the end of this year, as well as their other demands to repeal the healthcare portion of Trump’s ‘big, beautiful bill’ and clawback canceled funding for NPR and PBS. 

Republicans argue that reversing the cuts from Trump’s megabill and undoing the public broadcasting rescission would amount to $1.5 trillion in spending tacked onto their short-term funding extension. 

‘These are things that they’re demanding as part of their so-called negotiation,’ Thune said. ‘Ladies and gentlemen, there isn’t anything here to negotiate.’

Schumer, however, countered that the decision to shut the government down was ‘in their court’ and charged that Democrats were working to solve the GOP’s ‘healthcare crisis.’

Still, despite scoring a meeting in the Oval Office with Trump and congressional Republican leaders, in addition to public guarantees from Thune and Republicans that Obamacare tax credits could be discussed after a shutdown was averted, Schumer demanded that Democrats be cut in on negotiations to craft a bipartisan bill. 

Earlier in the day, the top Senate Democrat commandeered a floor chart from Thune that showed how many times Democrats supported CRs under former President Joe Biden. He said that each time, Republicans were involved in the process. 

‘As leader, I sat down with the Republicans every one of those years and created a bipartisan bill. Their bill is partisan. They call it clean. We call it partisan. It has no Democratic input,’ Schumer said. ‘Thune never talked to me.’ 

This post appeared first on FOX NEWS
Previous Post

Video game maker Electronic Arts to be acquired for $52.5 billion

Next Post

White House Rescinds Brian Quintenz CFTC Nomination: Report

Next Post
White House Rescinds Brian Quintenz CFTC Nomination: Report

White House Rescinds Brian Quintenz CFTC Nomination: Report

  • Trending
  • Comments
  • Latest
Buy Bitcoin Under $100K Before The Next Bull Run

Buy Bitcoin Under $100K Before The Next Bull Run

April 22, 2025
Quantum Computing: its Evolution and its Potential Future

Quantum Computing: its Evolution and its Potential Future

March 20, 2025
Stock Market News UK Update: FTSE 100 & 250 Rise

Stock Market News UK Update: FTSE 100 & 250 Rise

March 20, 2025
Oil Prices Rebound After Trump’s Criticism of Powell

Oil Prices Rebound After Trump’s Criticism of Powell

April 22, 2025
EU Eyes Sanctions on Russian Ruble-Backed Stablecoin A7A5

EU Eyes Sanctions on Russian Ruble-Backed Stablecoin A7A5

0
Quantum Computing: its Evolution and its Potential Future

Quantum Computing: its Evolution and its Potential Future

0
Quantum Computing: its Evolution and its Potential Future

Quantum Computing: its Evolution and its Potential Future

0
Air Direct Capture – Reducing CO2 from the Atmosphere

Air Direct Capture – Reducing CO2 from the Atmosphere

0
EU Eyes Sanctions on Russian Ruble-Backed Stablecoin A7A5

EU Eyes Sanctions on Russian Ruble-Backed Stablecoin A7A5

October 7, 2025
Bitcoin Edges Out Gold As Store Of Value For Younger Emerging Market Investors: VanEck’s Sigel

Bitcoin Edges Out Gold As Store Of Value For Younger Emerging Market Investors: VanEck’s Sigel

October 7, 2025
India to Roll Out Sovereign RBI-Backed Digital Currency, Minister Flags Unbacked Crypto

India to Roll Out Sovereign RBI-Backed Digital Currency, Minister Flags Unbacked Crypto

October 7, 2025
[LIVE] Crypto News Today: Latest Updates for Oct. 07, 2025 – Bitcoin Hits All-Time High Above $126K Amid Political Stalemate, $150K in Sight

[LIVE] Crypto News Today: Latest Updates for Oct. 07, 2025 – Bitcoin Hits All-Time High Above $126K Amid Political Stalemate, $150K in Sight

October 7, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent News

    EU Eyes Sanctions on Russian Ruble-Backed Stablecoin A7A5

    EU Eyes Sanctions on Russian Ruble-Backed Stablecoin A7A5

    October 7, 2025
    Bitcoin Edges Out Gold As Store Of Value For Younger Emerging Market Investors: VanEck’s Sigel

    Bitcoin Edges Out Gold As Store Of Value For Younger Emerging Market Investors: VanEck’s Sigel

    October 7, 2025
    India to Roll Out Sovereign RBI-Backed Digital Currency, Minister Flags Unbacked Crypto

    India to Roll Out Sovereign RBI-Backed Digital Currency, Minister Flags Unbacked Crypto

    October 7, 2025
    [LIVE] Crypto News Today: Latest Updates for Oct. 07, 2025 – Bitcoin Hits All-Time High Above $126K Amid Political Stalemate, $150K in Sight

    [LIVE] Crypto News Today: Latest Updates for Oct. 07, 2025 – Bitcoin Hits All-Time High Above $126K Amid Political Stalemate, $150K in Sight

    October 7, 2025
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 tradehavenhub.com | All Rights Reserved

    No Result
    View All Result
    • Investment Tips
    • Trade Tips
    • Crypto News
    • Economy News
    • Stock Market

    Copyright © 2025 tradehavenhub.com | All Rights Reserved