Pound Sterling falls close to 1.3150 as US Senate agrees to extend government funding

Pound Sterling falls close to 1.3150 as US Senate agrees to extend government funding

The GBP/USD pair struggled around the 1.3150 mark, finally breaking a three-day downward trend in early Asian trading on Monday. The US dollar (USD) gained strength against the British pound (GBP) as indications emerged that the long-standing US government shutdown might be coming to an end. Market participants are likely to focus on a speech […]

Senate has sufficient Democratic support to restart government following a 40-day closure

Senate has sufficient Democratic support to restart government following a 40-day closure

Senate Democrats revealed late Sunday that, following a lengthy caucus, they have secured sufficient votes to reopen the federal government after a significant 40-day shutdown. A coalition of moderate Democrats, including independents Sen. Angus King from Maine and Sens. Jeanne Shaheen and Maggie Hassan, who align with the Democrats, have worked out a deal with […]

Senate considers vote on possible solution to end record-length government shutdown

Senate considers vote on possible solution to end record-length government shutdown

Senate Poised to Vote on Government Shutdown Agreement In Washington, lawmakers may vote on Sunday to advance a significant deal aimed at ending the longest government shutdown in U.S. history. This agreement would also fund government operations until January 30 and restore full food stamp assistance for 42 million Americans, among other vital programs. Senate […]

Senate close to agreement on reopening government

Senate close to agreement on reopening government

Senators Expected to Support Government Reopening Bill A number of Democratic senators, potentially up to ten, are anticipated to back a bill aimed at reopening the government as soon as Sunday evening or early Monday. This comes as moderate and liberal Democrats are looking to bring an end to the ongoing 40-day shutdown. Last week, […]

Thune to Keep Senate Meeting Until Shutdown by Schumer is Resolved

Thune to Keep Senate Meeting Until Shutdown by Schumer is Resolved

Senate Remains in Session Amid Continued Government Shutdown Senate Majority Leader John Thune (R-S.D.) has stated that the Senate will stay in session until a government funding agreement is finalized. This decision comes as the shutdown reached its 39th day, with the senators not set to return home just yet. Though the House passed a […]

Senate may vote as soon as tomorrow on the Republican bill to prevent a shutdown.

Senate may vote as soon as tomorrow on the Republican bill to prevent a shutdown.

The Senate might hold a test vote as soon as tomorrow afternoon on a Republican proposal aimed at preventing a government shutdown and funding parts of the government for the rest of the fiscal year. We’re still waiting to see the actual bill that will allocate funds through the end of January for various departments, […]

Republicans criticize Obamacare in the Senate during a 39-day government shutdown

Republicans criticize Obamacare in the Senate during a 39-day government shutdown

Republican Senators Criticize Obamacare Amid Government Shutdown During a 39-day government shutdown, several Republican senators voiced strong criticisms of the Affordable Care Act, commonly known as Obamacare. They described it as an ineffective solution for the health care needs of the nation. Senator Lindsey Graham from South Carolina stated that the current system might require […]

Uncommon Saturday Senate meeting concludes with little indication of shutdown advancements

Uncommon Saturday Senate meeting concludes with little indication of shutdown advancements

Senators’ Unproductive Session at the Capitol This past Saturday, senators concluded a rather unusual session at the Capitol, marked by no votes and no finalized “minibus” of three bills, which left little indication of any progress towards avoiding a federal government shutdown. As the lawmakers prepare to reconvene on Sunday, attention turns to a potential […]

Thune: Senate will stay in session until the government is reopened

Thune: Senate will stay in session until the government is reopened

Senate Remains in Session Amidst Government Shutdown Senate Majority Leader John Thune has informed reporters that the U.S. Senate will continue to remain in session until an agreement is made to reopen the government. This marks the 39th consecutive day of the current session. The Senate was initially set to leave Washington, D.C. around Veterans […]