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)
$0.002503
$0.002503$0.002503
-0.91%
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

MAXI DOGE Holders Diversify into $GGs for Fast-Growth 2025 Crypto Presale Opportunities

MAXI DOGE Holders Diversify into $GGs for Fast-Growth 2025 Crypto Presale Opportunities

Presale crypto tokens have become some of the most active areas in Web3, offering early access to projects that blend culture, finance, and technology. Investors are constantly searching for the best crypto presale to buy right now, comparing new token presales across different niches. MAXI DOGE has gained attention for its meme-driven energy, but early [...] The post MAXI DOGE Holders Diversify into $GGs for Fast-Growth 2025 Crypto Presale Opportunities appeared first on Blockonomi.
Share
Blockonomi2025/09/18 00:00
UK crypto holders brace for FCA’s expanded regulatory reach

UK crypto holders brace for FCA’s expanded regulatory reach

The post UK crypto holders brace for FCA’s expanded regulatory reach appeared on BitcoinEthereumNews.com. British crypto holders may soon face a very different landscape as the Financial Conduct Authority (FCA) moves to expand its regulatory reach in the industry. A new consultation paper outlines how the watchdog intends to apply its rulebook to crypto firms, shaping everything from asset safeguarding to trading platform operation. According to the financial regulator, these proposals would translate into clearer protections for retail investors and stricter oversight of crypto firms. UK FCA plans Until now, UK crypto users mostly encountered the FCA through rules on promotions and anti-money laundering checks. The consultation paper goes much further. It proposes direct oversight of stablecoin issuers, custodians, and crypto-asset trading platforms (CATPs). For investors, that means the wallets, exchanges, and coins they rely on could soon be subject to the same governance and resilience standards as traditional financial institutions. The regulator has also clarified that firms need official authorization before serving customers. This condition should, in theory, reduce the risk of sudden platform failures or unclear accountability. David Geale, the FCA’s executive director of payments and digital finance, said the proposals are designed to strike a balance between innovation and protection. He explained: “We want to develop a sustainable and competitive crypto sector – balancing innovation, market integrity and trust.” Geale noted that while the rules will not eliminate investment risks, they will create consistent standards, helping consumers understand what to expect from registered firms. Why does this matter for crypto holders? The UK regulatory framework shift would provide safer custody of assets, better disclosure of risks, and clearer recourse if something goes wrong. However, the regulator was also frank in its submission, arguing that no rulebook can eliminate the volatility or inherent risks of holding digital assets. Instead, the focus is on ensuring that when consumers choose to invest, they do…
Share
BitcoinEthereumNews2025/09/17 23:52
Bank of Canada cuts rate to 2.5% as tariffs and weak hiring hit economy

Bank of Canada cuts rate to 2.5% as tariffs and weak hiring hit economy

The Bank of Canada lowered its overnight rate to 2.5% on Wednesday, responding to mounting economic damage from US tariffs and a slowdown in hiring. The quarter-point cut was the first since March and met predictions from markets and economists. Governor Tiff Macklem, speaking in Ottawa, said the decision was unanimous. “With a weaker economy […]
Share
Cryptopolitan2025/09/17 23:09