Senate Reaffirms Back Pay For 41 Days Of Missed Wages As Shutdown Nears End

Benzinga

The Senate approved a funding bill to end the 41-day U.S. government shutdown, reopening federal agencies and guaranteeing back pay for furloughed workers. Payments will be issued once the bill is enacted, pending House and presidential approval. SPY and QQQ both climbed in premarket trading following the news.

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

00:03The Senate approved a funding bill to end the 41-day U.S. government shutdown

00:06and reopen federal agencies. The measure extends funding through January 2026

00:11and guarantees back pay for furloughed workers since October 1st.

00:15The Government Employee Fair Treatment Act of 2019 ensures all federal employees receive

00:21back pay during shutdowns, with payments set to begin once the funding bill is enacted,

00:25pending House and Trump approval.

00:28OPM and the Treasury instructed agencies to treat furlough days as paid time for salary,

00:33overtime, and benefits, allowing workers to accrue leave without penalty.

00:38The S&P 500 and NASDAQ 100 tracking funds rose in pre-market trading on Monday,

00:43gaining 0.9% and 1.49%, respectively, according to Benzinga Pro data.

00:49For all things money, visit Benzinga.com.

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