The Senate just rejected both short-term funding bills Friday, one from each party, with no new plan in sight. The government is now hurtling straight toward a shutdown at midnight on September 30. Lawmakers are skipping town for over a week while the clock keeps ticking. There’s no plan to meet again until hours before […]The Senate just rejected both short-term funding bills Friday, one from each party, with no new plan in sight. The government is now hurtling straight toward a shutdown at midnight on September 30. Lawmakers are skipping town for over a week while the clock keeps ticking. There’s no plan to meet again until hours before […]

U.S. Senate rejected both Republican and Democratic funding bills, making a shutdown on September 30 almost certain

The Senate just rejected both short-term funding bills Friday, one from each party, with no new plan in sight. The government is now hurtling straight toward a shutdown at midnight on September 30.

Lawmakers are skipping town for over a week while the clock keeps ticking. There’s no plan to meet again until hours before the deadline.

Republicans in the Senate shut down a Democratic bill in a 47–45 vote. That bill would’ve kept the government running through October 31 and added limits on Trump’s power to hold back money already approved by Congress. It also included health care provisions, which Republicans wanted no part of.

Democrats kill GOP bill after House passes it earlier in the day

Democrats, in return, blocked the Republican plan in a 48–44 vote, even after it had passed in the House that same morning. Only one Democrat, Senator John Fetterman of Pennsylvania, supported the GOP version.

That wasn’t close to the 10 Democrats who crossed party lines in March to avoid the last shutdown. This time, they stood their ground. Two Republicans, Lisa Murkowski of Alaska and Rand Paul of Kentucky, also voted against the GOP bill.

Chuck Schumer made it clear Friday that Democrats won’t back a funding bill that ignores Medicaid cuts or skips health insurance subsidies. He said:

The Democratic plan tried to reverse those cuts from the July bill and protect coverage before subsidies expire later this year.

Democrats also slammed Republicans for refusing to meet. Schumer and House Minority Leader Hakeem Jeffries had pushed for a bipartisan summit to work out a deal. That never happened.

Instead, Republicans leaned into the fight. One GOP memo warned members, “If Senate Democrats insist on a Schumer Shutdown of the federal government, Members should be prepared to return to DC.”

Trump encourages GOP to dig in, blames fall on Democrats

Trump told Republicans last week not to “even bother dealing” with Democrats at all. That message echoed through Congress, where his name is still doing all the heavy lifting. Schumer is under pressure after backing down in March.

Republicans are now betting he’ll fold again. Senator Eric Schmitt told reporters, “My guess is Chuck Schumer is too afraid of his own shadow and will vote to shut the government down on the 30th.”

Meanwhile, the House canceled its session days for September 29 and 30. That means even if the Senate magically reaches a deal, the House won’t be able to act fast enough. Democrats argue Republicans are dragging their feet because Trump wants the chaos. And even if a deal lands, there’s fear it’ll be ignored anyway.

Schumer asked on the Senate floor, “Why pass a budget if Russell Vought can unilaterally rescind it?” That’s the other problem. Trump’s former budget director could just block spending from behind the scenes if he disagrees with the content.

Republicans say they’re open to talks on extending the Biden-era health insurance subsidies that expire on December 31. But they’re annoyed that Democrats want to rush it now. Democrats argue Americans need clarity before open enrollment kicks in.

Patty Murray, the Senate’s top Democratic appropriator, pointed fingers at GOP leadership. “You want Democratic votes on a funding bill? A good place to start is actually trying to win those votes.”

Senator John Thune, the top Senate Republican, said this week that he’s open to talking. But even he admitted, “Looks to me like it’s this or a shutdown.” So that’s where things stand. No deal. No unity. Just Trump in the background, daring his party to burn it all down.

Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites

Market Opportunity
Union Logo
Union Price(U)
$0.002643
$0.002643$0.002643
-3.32%
USD
Union (U) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

The Channel Factories We’ve Been Waiting For

The Channel Factories We’ve Been Waiting For

The post The Channel Factories We’ve Been Waiting For appeared on BitcoinEthereumNews.com. Visions of future technology are often prescient about the broad strokes while flubbing the details. The tablets in “2001: A Space Odyssey” do indeed look like iPads, but you never see the astronauts paying for subscriptions or wasting hours on Candy Crush.  Channel factories are one vision that arose early in the history of the Lightning Network to address some challenges that Lightning has faced from the beginning. Despite having grown to become Bitcoin’s most successful layer-2 scaling solution, with instant and low-fee payments, Lightning’s scale is limited by its reliance on payment channels. Although Lightning shifts most transactions off-chain, each payment channel still requires an on-chain transaction to open and (usually) another to close. As adoption grows, pressure on the blockchain grows with it. The need for a more scalable approach to managing channels is clear. Channel factories were supposed to meet this need, but where are they? In 2025, subnetworks are emerging that revive the impetus of channel factories with some new details that vastly increase their potential. They are natively interoperable with Lightning and achieve greater scale by allowing a group of participants to open a shared multisig UTXO and create multiple bilateral channels, which reduces the number of on-chain transactions and improves capital efficiency. Achieving greater scale by reducing complexity, Ark and Spark perform the same function as traditional channel factories with new designs and additional capabilities based on shared UTXOs.  Channel Factories 101 Channel factories have been around since the inception of Lightning. A factory is a multiparty contract where multiple users (not just two, as in a Dryja-Poon channel) cooperatively lock funds in a single multisig UTXO. They can open, close and update channels off-chain without updating the blockchain for each operation. Only when participants leave or the factory dissolves is an on-chain transaction…
Share
BitcoinEthereumNews2025/09/18 00:09
Fed Decides On Interest Rates Today—Here’s What To Watch For

Fed Decides On Interest Rates Today—Here’s What To Watch For

The post Fed Decides On Interest Rates Today—Here’s What To Watch For appeared on BitcoinEthereumNews.com. Topline The Federal Reserve on Wednesday will conclude a two-day policymaking meeting and release a decision on whether to lower interest rates—following months of pressure and criticism from President Donald Trump—and potentially signal whether additional cuts are on the way. President Donald Trump has urged the central bank to “CUT INTEREST RATES, NOW, AND BIGGER” than they might plan to. Getty Images Key Facts The central bank is poised to cut interest rates by at least a quarter-point, down from the 4.25% to 4.5% range where they have been held since December to between 4% and 4.25%, as Wall Street has placed 100% odds of a rate cut, according to CME’s FedWatch, with higher odds (94%) on a quarter-point cut than a half-point (6%) reduction. Fed governors Christopher Waller and Michelle Bowman, both Trump appointees, voted in July for a quarter-point reduction to rates, and they may dissent again in favor of a large cut alongside Stephen Miran, Trump’s Council of Economic Advisers’ chair, who was sworn in at the meeting’s start on Tuesday. It’s unclear whether other policymakers, including Kansas City Fed President Jeffrey Schmid and St. Louis Fed President Alberto Musalem, will favor larger cuts or opt for no reduction. Fed Chair Jerome Powell said in his Jackson Hole, Wyoming, address last month the central bank would likely consider a looser monetary policy, noting the “shifting balance of risks” on the U.S. economy “may warrant adjusting our policy stance.” David Mericle, an economist for Goldman Sachs, wrote in a note the “key question” for the Fed’s meeting is whether policymakers signal “this is likely the first in a series of consecutive cuts” as the central bank is anticipated to “acknowledge the softening in the labor market,” though they may not “nod to an October cut.” Mericle said he…
Share
BitcoinEthereumNews2025/09/18 00:23
One Of Frank Sinatra’s Most Famous Albums Is Back In The Spotlight

One Of Frank Sinatra’s Most Famous Albums Is Back In The Spotlight

The post One Of Frank Sinatra’s Most Famous Albums Is Back In The Spotlight appeared on BitcoinEthereumNews.com. Frank Sinatra’s The World We Knew returns to the Jazz Albums and Traditional Jazz Albums charts, showing continued demand for his timeless music. Frank Sinatra performs on his TV special Frank Sinatra: A Man and his Music Bettmann Archive These days on the Billboard charts, Frank Sinatra’s music can always be found on the jazz-specific rankings. While the art he created when he was still working was pop at the time, and later classified as traditional pop, there is no such list for the latter format in America, and so his throwback projects and cuts appear on jazz lists instead. It’s on those charts where Sinatra rebounds this week, and one of his popular projects returns not to one, but two tallies at the same time, helping him increase the total amount of real estate he owns at the moment. Frank Sinatra’s The World We Knew Returns Sinatra’s The World We Knew is a top performer again, if only on the jazz lists. That set rebounds to No. 15 on the Traditional Jazz Albums chart and comes in at No. 20 on the all-encompassing Jazz Albums ranking after not appearing on either roster just last frame. The World We Knew’s All-Time Highs The World We Knew returns close to its all-time peak on both of those rosters. Sinatra’s classic has peaked at No. 11 on the Traditional Jazz Albums chart, just missing out on becoming another top 10 for the crooner. The set climbed all the way to No. 15 on the Jazz Albums tally and has now spent just under two months on the rosters. Frank Sinatra’s Album With Classic Hits Sinatra released The World We Knew in the summer of 1967. The title track, which on the album is actually known as “The World We Knew (Over and…
Share
BitcoinEthereumNews2025/09/18 00:02