Home / Market Update / Senate Democrats are voting on a bill to avoid shutdown

Senate Democrats are voting on a bill to avoid shutdown

Democrats are expected to vote Wednesday on a temporary legislation that helps avoid partial government shutdown through keeping current levels of federal government funds after Thursday.

The move was encouraged by top House Democrats led by majority leader Steny Hoyer who said that there were talks with Senate Democrats suggesting a similar move throughout the last couple of days.

Mitch MacConnell, Senate Republican Minority leader, has urged Democrats to raise the debt ceiling through a mechanism known as Budget Reconciliation. 

Check Also

RBA

RBA Holds Rates Steady, Signals Prolonged Tight Monetary Policy Amid Persistent Inflation

The Reserve Bank of Australia (RBA) maintained its benchmark interest rate at 4.35% on Tuesday, …