Overview
- The Senate held a procedural vote to advance a House-passed bill that lawmakers plan to amend to fund federal operations through January 30, including a package of three full-year appropriations bills.
- Further steps include up to roughly 30 hours of Senate debate, a final vote in the chamber, a subsequent House vote, and delivery to the president for signature.
- Global risk assets climbed on the progress, with Nasdaq and S&P 500 futures up roughly 1% and U.S. 10-year Treasury yields near 4.13% as the yen weakened against the dollar.
- The shutdown has stretched to about 40 days, sidelining federal workers, disrupting services such as air travel, and delaying key economic data that the Federal Reserve uses to guide policy.
- Lawmakers and media reports said the emerging bipartisan stopgap would restore food-stamp funding, reverse recent federal worker firings, and secure a vote on extending health-care tax credits.