Schumer Says Democrats Will Block GOP Spending Bill, Increasing Shutdown Risk

Senate Majority Leader Chuck Schumer said Democrats would block a Republican spending bill to prevent a government shutdown, according to Bloomberg.

Transcript

00:00It's Benzinga bringing Wall Street to Main Street.

00:02Senate Majority Leader Chuck Schumer said Democrats would block a Republican spending bill

00:06to prevent a government shutdown. And according to Bloomberg,

00:09the move escalates a standoff between the parties,

00:12raising the risk of a shutdown as financial markets remain very volatile.

00:16Senate Majority Leader John Thune signaled potential negotiations,

00:20offering Democrats a vote on a short-term bill if they agree to final votes on the House pass measure.

00:26Moderate Senate Democrats remain divided, with Senator John Fetterman opposing a shutdown,

00:32while others push for an alternative. House Republicans passed a bill funding the

00:37government through September and left for a recess, leaving Senate negotiations uncertain.