Democrats Look for Silver Lining in Shutdown Deal

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00:00Now yesterday we had at this time gains in the cash trade because of optimism on ending a shutdown

00:08and President Trump has expressed his support for the bipartisan deal to end the U.S. shutdown.

00:13He spoke yesterday in the Oval Office. I think based on everything I'm hearing they haven't

00:19changed anything and we have support from enough Democrats and we're going to be opening up our

00:25country. It's too bad it was closed but we'll be opening up our country very quickly.

00:30For the latest we're joined by Bloomberg Washington correspondent Tyler Kendall. So Tyler you know

00:36procedurally what are the mechanics of this look like? Are we going to see the government reopened

00:41you know by Thursday at the latest? Yeah hey Matt well that's looking likely. The House is set to

00:47come back and start its votes on this package tomorrow at 4 p.m. Eastern which means that we

00:52could see passage by Wednesday evening but that is only if everything goes as planned. House Speaker

00:58Mike Johnson can only afford to lose two Republican votes and as you mentioned at the top of the

01:03program travel delays could snag the schedule. However it does appear like there are enough

01:09votes to get this done. We've seen positive indications from members of the House Freedom

01:13Caucus. Those conservative Republicans that we've been watching closely because there are

01:17some provisions including it in this that they may not be happy with including a reversal

01:22to the mass federal firings that we saw start on October 1st and a block on any future firings

01:27through at least January 30th. But there are two reasons that they appear to be on board. One

01:32as you just played President Trump says that he is behind this deal and two this does not include

01:38any extension to those Affordable Care Act premium tax subsidies that's really been at the heart

01:43of the debate. Instead this is teeing up a vote on the Senate side not the House side that's going to put

01:48Republicans on the record when it comes to health care or we could see millions of Americans face a

01:54sharper spike in their premium. So that's the next thing that we're going to be looking at how the GOP

01:58navigates their health care plan. Matt I will point out that this stopgap measure goes until January 30th.

02:04It does fund some key agencies through the rest of the fiscal year but that means that we could be

02:09having this conversation all over again in the next couple of months. So the Democrats forced this

02:14shut down to try and get some of those subsidies back on Obamacare and now they're giving in with

02:22nothing in hand. Is that a problem? Because Hakeem Jeffries yesterday sounded pretty angry but

02:28it doesn't seem like he can do much about it. Right. So essentially Democrats weren't able to get

02:36what they really wanted out of this deal. We're going to see if there's some sort of similar vote

02:40offered in the House because as of now Democrats have their focus on a plan when it comes to health

02:47care ahead of a vote probably by mid-December on whether or not to extend these premium tax credits

02:53and if it fails then they're going to have their messaging for the 2026 midterms. Republicans are

02:59going to have to come out with a plan here because many of these Senate Republicans are going to be put

03:03on the record. It likely won't look like a clean extension, a one-year extension of these subsidies

03:09that we know that many Democrats wanted. Instead it will probably include some structural changes

03:14like an income cap or a new plan altogether. President Trump himself has indicated that he

03:19would be willing to negotiate on the issue though he has taken harsh aim at these subsidies which he

03:24has called handouts to insurance companies. Matt I'll say I have my eyes on Senator Bill Cassidy.

03:30He's a Republican from Louisiana. He's going to lead these negotiations for Republicans in the Senate.

03:34He's proposed a new plan altogether that would essentially replace the enhanced subsidies with

03:39and send some sort of federally funded flexible spending account for ACA enrollees. So just something

03:45on your radar as we see these negotiations pick up. But that's not going to happen for at least

03:50another week now that the Senate got its jobs done. It's out of session until November 19th.

03:54All right, Tyler, thanks very much for joining us. Bloomberg's Tyler Kendall there on the

03:58the looming end of the government shutdown.

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