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Republican Senator «Very Confident» in Ending Government Shutdown Impasse This Week
BlockBeats News, November 5th, according to The Wall Street Journal, on Tuesday local time, the current round of U.S. government shutdown entered its 35th day, tying the record set in 2018-2019 for the longest shutdown. This deadlock is creating massive waves in the financial markets, with analysts suggesting that its liquidity-draining effect is comparable to multiple interest rate hikes.
Senate Majority Leader John Thune proposed a potential solution on Tuesday, aimed at combining a bill to provide short-term government funding with a vote on extending Affordable Care Act (ACA) subsidies. This proposal is seen as a key step to break the deadlock, aiming to meet the core demands that the Democrats have been insisting on since September.
Some Republican lawmakers predict that the deadlock may end this week. Republican Senator from Oklahoma, Markwayne Mullin, stated that he is "very confident" about reaching an agreement this week, specifically noting, "I think we have a chance to finish it tomorrow night (Wednesday)... but more likely it will be on Thursday."
However, President Trump's renewed pressure on Republicans to abolish the Senate's "obstructionist" rules, along with apparent divisions within the Democratic Party over compromise proposals, have added uncertainty to the eventual agreement.
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