US Shutdown Nears End as Senate Passes Deal

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00:00Asian markets rising for a second day on growing optimism.

00:03The U.S. government shutdown is nearing its end.

00:07With President Trump expressing support for the deal,

00:09the Senate passed a stopgap funding bill teeing up a House vote next

00:15before Trump can sign it into law.

00:18Let's get the latest on the push to end the U.S. government shutdown

00:21with Bloomberg Government Editor John Huskowitz.

00:24John, what do we know?

00:26This 41-day government shutdown coming to an end soon.

00:32In theory, it could end this week.

00:35So the Senate just passed the bill.

00:37It's gone over to the House.

00:39The House is supposed to take it up on Wednesday in Washington.

00:43Speaker Mike Johnson says he expects it to pass.

00:46The Freedom Caucus, the hard right part of the Republican Party,

00:50the leader of that has shown conditional support for it.

00:53But the Republicans have a very small majority in the House.

00:58There are a lot of members there.

01:00There are a lot of things which could go wrong and derail it.

01:03And the Democrats have shown opposition to it.

01:06And even Democratic House Speaker Hakeem Jeffries is opposed to this.

01:11So at the earliest, it could end on Wednesday.

01:14At the latest, we could see some things that just derail the process.

01:19But the Republican leadership sees the prospects of it ending this week

01:24as something that should happen.

01:27John, if the shutdown ends this week, what can be anticipated?

01:32What are we looking out for?

01:33The actual provisions of the deal include funding for most government agencies

01:41through January 30th and full-year funding for Agriculture Veterans Affairs and Congress.

01:47The furloughed workers will return.

01:50They'll get back paid.

01:51Those who've been laid off can come back.

01:52So all of the stuff that has been shut down will start getting money again

01:58from a TSA to air traffic controllers to all parts of the government

02:03if the measure goes through.

02:05So we'll see the U.S. government up and running once this happens.

02:10Some parts of the government will fare better.

02:12Those three agencies have the full-year funding.

02:15And we're also set up for another confrontation in January

02:19when that funding runs out.

02:22I'm sorry, a possible confrontation.

02:25Don't want to get too far ahead of ourselves.

02:30What are the Democrats saying about the deal?

02:34Now, we have those in the Senate who broke from the party to sign the deal

02:39so that this was the best thing that could happen.

02:41This was inevitable given the situation.

02:43But there's a lot of anger in this.

02:46The Democrats came to this conclusion that they were going to force this,

02:52that they were going to have this shut down.

02:54And they wanted to see an extension of Affordable Care Act subsidies,

03:01which were due to expire, which without these subsidies,

03:04millions of Americans would see their health insurance costs skyrocket.

03:08The concession that Republicans gave was allowing a vote on the extension of these subsidies in December.

03:16Whether these subsidies pass or not is another matter.

03:20For a lot of members of the Democratic Party, especially on the progressive wing,

03:25they see this as a betrayal.

03:27This was the root cause of their confrontation with the Republicans,

03:31and they just don't like the way that it has been settled.

03:35So there's some fissures in the Democratic Party.

03:39We'll see how this plays out in the House.

03:42But there's discontent among a large number of lawmakers about the deal that was reached.

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