Stocks, Dollar Surge As Senate Reaches Deal To End Government Shutdown
by Tyler Durden
ZeroHedge.com
Mon, 01/22/2018
Update: and there it is, the government shutdown is officially over after 2 and a half days.
SENATE DEAL REACHED TO END U.S. GOVERNMENT SHUTDOWN: SCHUMER
SCHUMER SAYS HAS COME TO AN ARRANGEMENT WITH REPUBLICAN LEADER MCCONNELL ON FUNDING BILL
SCHUMER SAYS THERE’S A `REAL PATHWAY’ FOR DACA BILL IN SENATE
SCHUMER SAYS WILL CONTINUE NEGOTIATING IMMIGRATION LEGISLATION FOR ‘DREAMERS’
The reaction is clear – stocks and the dollar up, bonds and bullion down…
As The Hill adds, Senate Democrats said they are accepting a deal with Senate Majority Leader Mitch McConnell (R-Ky.) for an immigration vote, clearing the way for passage of a bill to reopen the federal government.
McConnell early Monday promised to take up an immigration bill that would protect an estimated 800,000 Dreamers from deportation, under an open amendment process, if Democrats would agree to end the government shutdown.
Senate Minority Leader Charles Schumer (D-N.Y) said that pledge was enough for his caucus to accept a three-week government funding bill, which is now set to pass at noon.
“After several discussions, offers and counteroffers, the Republican leader and I have come to an arrangement. We will vote today to reopen the government to continue negotiating a global agreement,” Schumer said.
If lawmakers aren’t able to get an immigration bill as part of that larger agreement by Feb. 8, the Senate would then take up a separate bill and “the process will be neutral and fair to all sides,” Schumer added.
The agreement likely ends a three-day government shutdown that began at midnight Saturday after Democrats voted to block a month-long House-passed stopgap that extended funding for the Children’s Health Insurance Program but did nothing to protect illegal immigrants who came to the country at a young age facing deportation.
The Rest…HERE
