Congress Approves Spending Bill, Ending Historic Government Shutdown

Benzinga

The GOP-led House passed a bill to reopen the government after a 43-day shutdown, and Trump signed it into law. Funding now runs through January 30th, restoring federal worker pay and punting the fight over ACA subsidies to later this year. The deal passed with limited Democratic support and was hailed as a major win by House conservatives.

Transcript

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

00:02The GOP-led House passed a spending package to reopen the government after a 43-day shutdown,

00:07and President Trump signed in a law on late Wednesday, according to The Wall Street Journal.

00:11Funding now runs through January 30th and restores pay for federal employees

00:14while reversing shutdown-related layoffs. Six Democrats joined Republicans in the 222

00:19to 209 vote, while two GOP members opposed the bill.

00:24Heal heads a standoff and delays the fight over expiring ACA subsidies until later this year.

00:28When House Senate Republicans were open to health care discussions

00:31and that Trump would introduce his own proposals,

00:34Democrats failed to secure concessions in the shutdown deal,

00:37triggering internal frustration and renewed criticism of Senate Minority Leader Chuck Schumer

00:41for progressive activists.

00:43GOP stayed unified as the funding bill moved forward,

00:46but the House Freedom Caucus calling it a total win.

00:48For all things money, visit Benzinga.com.

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