As the government shutdown in the US approaches its third week, the search for a solution has accelerated in the Senate.
Senate Majority Leader John Thune told Republican senators in a closed-door meeting that a vote on a new government reopening proposal is expected. Republican leaders are aiming to build momentum to break the deadlock, according to people familiar with the matter.
Thune responded cautiously to reporters' question: “Are Democrats and Republicans close to a deal?”
“I’m not sure we’re any closer to a deal until we understand where the Democrats are going.”
US President Donald Trump also acknowledged the ongoing uncertainty, making the following statement: “I don’t know how long the government shutdown will last. How long this shutdown lasts is up to the Democrats.”
Thune indicated that the Senate could hold a session over the weekend to try to end the shutdown. A solution remains unclear after talks with Democrats stalled.
The new approach Republicans plan to try hasn't been clarified. They aim to pass a bill in the Senate that would pay the salaries of federal employees who continue working during the government shutdown. However, the timing of the Senate vote on the House-passed stopgap budget will depend on Democrats' actions.
“Our members will be advised to be ready to vote if needed. We'll see if the Democrats can get back to the table in the next few days,” Thune said.
*This is not investment advice.