The government is close to reopening. The Senate voted Monday in favor of a temporary spending bill to fund the government until February 8th. The Daily Beast's White House Reporter Lachlan Markay explains rhetoric on Capitol Hill over this short-term resolution.
"Really all Democrats were able to get out of this deal was an agreement to vote on something that Senate majority leader Mitch McConnell insisted the Senate was already going to vote on," says Markay. "So from the Democratic perspective its not clear they got anything." McConnell promised the Democrats to vote on immigration reform as part of the spending resolution.
The House still needs to approve the measure the Senate passed in order for the government to reopen. With the funding extension, it's possible the government could face another shutdown in three weeks says Markay.
American businesses that rely on Chinese goods are reacting with muted relief after the U.S. and China agreed to pause their exorbitant tariffs on each other’s products for 90 days. Many companies delayed or canceled orders after President Donald Trump last month put a 145% tariff on items made in China. Importers still face relatively high tariffs, however, as well as uncertainty over what will happen in the coming weeks and months. The temporary truce was announced as retailers and their suppliers are looking to finalize their plans and orders for the holiday shopping season. They’re concerned a mad scramble to get goods onto ships will lead to bottlenecks and increased shipping costs.
The Trump administration announced a trade deal with the United Kingdom Thursday in grandiose terms, but with only limited details about what it achieves.
Why not tax the millionaires? That question won't seem to go away as Congress begins drafting a package of tax breaks and spending cuts for President Donald Trump’s “big, beautiful bill."
X, the social media platform owned by Trump adviser Elon Musk, is challenging the constitutionality of a Minnesota ban on using deepfakes to influence elections and harm candidates.