There is a new development in the US government closure crisis! Critical hours before the expected

The US Senate has taken a decisive step towards passing a bill supported by Republicans and actually eliminated the danger of closing the US government.

However, this step has led to severe disagreements on how to resist President Donald Trump within the Democratic Party’s efforts to expand the executive authority.

The Senate approved the financing package with 38 votes to 62 and made the democrats in the Congress to give up what they see as the most powerful trumps to restrict the aggressive cost -reduction measures of Trump and billionaire entrepreneur Elon Musk, including the great reduction of the federal labor force and the abolition of all state institutions. With the decrease in legislative options, the opponents are expected to shift their efforts to the legal struggle in the courts.

Senate majority leader Chuck Schumer played a critical role in the decision -making process. Less than 30 hours before the closure time, the experienced law -making, giving more priority to the continuity of government services than political conflicts, announced that his party will withdraw his blockage on his spending bill.

Schumer’s step back, Trump and Mike Johnson, the President of the House of Representatives, means an important victory for the final approval of the expenditure measure. While the Draft allows Musk’s new Public Productivity Department to hold the authority to make comprehensive budget cuts, it is guaranteed government financing until the end of the fiscal year on September 30th.

While Trump’s customs duties policies triggered a widespread investor’s uncertainty, the political dilemma coincided with the same period as the turmoil in the financial markets. By Thursday, S&P 500 lost more than 10 %in three weeks and entered a correction process. However, the news that the Senate has made progress in the expenditure bill led to a 2 %recovery on Friday.

In the vote, nine democrats and an independent, the Republicans in the Senate almost ally, exceeded the necessary 60 necessary 60 votes, and later on the day of the day, led to the adoption of the bill with absolute majority.

*It is not an investment advice.