U.S. President Donald Trump signed a bill on Wednesday that formally ended the longest government shutdown in American history.
President Trump Signs Bill Ending Government Shutdown
Trump signed the long-awaited funding bill late on Wednesday night, a whopping 43 days after the federal government shutdown following Republicans and Democrats’ failure to disagree on key spending provisions.
According to National Economic Council Director Kevin Hassett, an estimated 60,000 private sector employees lost their jobs as a consequence of the shutdown.
“Today we’re sending a clear message that we will never give into extortion,” Trump said.
The U.S. government’s reopening marks a win for the majority of Polymarket bettors on Monday who predicted that the shutdown would end sometime between November 12 and November 15.
The deal came after a minority of Democrats helped to advance a deal this past Sunday that would see the U.S. government funded through January in exchange for Republicans agreeing to a mid-December vote on prolonging health care tax credits.
However, not all Democratic lawmakers were thrilled with the deal, with Senator Elizabeth Warren (D-MA) calling the bill a “mistake.”
“I will not support a deal that does nothing to make health care more affordable,” Warren said. “We are in a health care emergency. A simple one-year extension of these tax credits would cost less than Donald Trump’s $40 billion bailout for Argentina.”
Crypto Policy Efforts Pick Up On Capitol Hill
The bill is largely seen as a plus by digital asset policy proponents, though, as pressure mounts on lawmakers to pass clear crypto frameworks.
On Monday, Senate Agriculture Committee Chairman John Boozman (R-AR) and Senator Cory Booker (D-NJ) unveiled their own crypto market structure discussion draft.
“As Congress works to expand authority for the commission to oversee the trading of digital assets that are commodities, it’s essential that we also ensure it has the tools, personnel, and resources necessary to carry out this new mission, along with its current responsibilities,” Boozman said.
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