00:00It looks like we're getting very close from the shutdown. We'll never agree to give any substantial money or any money to really prisoners, illegals that come into our country. And I think the Democrats understand that. And it looks like we're getting close to the shutdown ending. You'll know very soon. Thank you very much.
00:21Jill Deces joins us now to talk us through what we know, what we don't know. Jill, what progress has been made?
00:31So at this point, Guy, what we've done is we've reached the success of a procedural sort of test vote in the Senate.
00:39So this kind of opens the door for the Senate to then reconvene in the morning. So Monday U.S. time and actually put this to another vote.
00:46So this came through 60-40. What this would ultimately do is to fund some government agencies for the next year, but only a few, really Congress itself, plus the Department of Agriculture, the Department of Veterans Affairs.
01:00And then it would keep other government agencies funded through January 30th, in addition to providing some funding for furloughed workers, etc.
01:07So it does bring an end to the shutdown. In sort of response to this, the moderate Democrats that the Republicans were able to sway over to achieve the 60-40 vote say that they were promised basically another vote on some Obamacare tax provisions that was ultimately at the heart of the shutdown.
01:28So that could come sometime in December, if that's, you know, what was ultimately achieved here. So that's pretty much where we're at.
01:34But again, I think still a long way to go before this is actually, you know, we'd consider the shutdown over.
01:40But it is a pretty significant step in ending what's been a 40-day shutdown.
01:44Exactly, Jill. Are the markets getting a bit too optimistic here? What happens next? What about the House? Is this going to get past that?
01:51That is a great question. And I think we've already heard from some House Democrats that are not particularly in favor of this plan.
01:59So look, I mean, at this point, certainly we've got all indications that this particular plan will pass the Senate.
02:05That is an open question in terms of, you know, how this kind of, you know, moves forward.
02:09And also remember, though, that even though it's passed the sort of procedural test vote, any sort of response from any senator,
02:17while they can't actually block the vote outright, could potentially delay it for another couple of days.
02:23So there's still not entirely, it's not entirely certain that all of this is going to be wrapped up, you know, incredibly instantly.
02:29I think the other point, too, when it comes to a lot of the Democrats is that while it has, you know, achieved this pretty significant milestone in the Senate,
02:35again, this doesn't really include anything that really kind of lays down in concrete terms, you know,
02:41what the Democrats were ultimately asking for here in terms of, you know, some of those concerns over health care, you know, those tax breaks, that kind of thing.
02:48I mean, you do have this pledge from the Republicans that there will be, you know, a bill brought forth in December.
02:55But again, it really does fall short of some of those concessions that Democrats were ultimately seeking here.
03:00We've already heard from a couple overnight, you know, that are kind of dissatisfied with the direction this is taking.
03:05So I'm sure there will be more to come in the morning.
03:08But again, you know, so there's certainly, you know, some signs that the shutdown could be ending.
03:13But a lot of hurdles that we have to overcome before we ultimately reach that point.
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