trending Market Intelligence /marketintelligence/en/news-insights/trending/lT91siLikCofH6e0EBfOfQ2 content esgSubNav
In This List

UPDATE: US government shuts down after lawmakers fail to clear spending bill

Blog

Funding Social and Affordable Housing: A Credit Perspective

Blog

Global Capital Markets & SPAC Activity – H1 2021

Blog

Essential Government & Regulatory Insights July 2021

Blog

Essential Government & Regulatory Insights June 2021


UPDATE: US government shuts down after lawmakers fail to clear spending bill

The U.S. government partially shut down Dec. 22 after lawmakers from both sides of the aisle failed to reach an agreement over a spending bill.

The Senate was adjourned at around 3 p.m. until Dec. 27.

At the heart of the disagreement was President Donald Trump's demand for $5 billion to fund a wall between the U.S. and the Mexico border. In a Dec. 22 tweet, President Trump said negotiations between Democrats and Republicans are ongoing but "it could be a long stay."

U.S. Senate Majority Leader Mitch McConnell told reporters earlier this week that he was convinced the government would not shut down over Christmas and that he was still working with Senate Minority Leader Chuck Schumer to fashion a bill that President Trump would sign.

However, Republicans were unsuccessful on Dec. 21 in striking a deal with Democrats before the midnight deadline.

This is an ongoing story. Please check back later for updates.