FX.co ★ U.S. Government Shutdown Close to Resolution After Funding Deal

The longest U.S. government shutdown on record is approaching a resolution after moderate Senate Democrats decided to support an agreement to reopen the government and finance essential departments, as reported by Bloomberg News on Monday. This agreement will provide full-year funding for Agriculture, Veterans Affairs, and Congress, while ensuring other agencies remain funded until January 30. It will also reinstate pay for furloughed workers, renew federal payments to states and local governments, and reinstate laid-off employees. A procedural vote in the Senate might occur as soon as Tuesday, with a final decision anticipated later in the week, assuming bipartisan cooperation remains strong. Senate Majority Leader Charles Schumer stated that "while this deal doesn't solve every issue, it marks a crucial step toward restoring government functions." House Speaker Mike Johnson echoed this sentiment, stating, "We owe it to the American people to resolve this impasse." Discussions are ongoing regarding border security funding and long-term budget constraints.