BlockBeats News, November 5th, according to The Wall Street Journal, on Tuesday, the current U.S. government shutdown entered its 35th day, tying the record set during the 2018-2019 shutdown. This deadlock is causing significant turbulence in the financial markets, with analysts suggesting that its liquidity-draining effect is comparable to multiple interest rate hikes.
Senate Majority Leader John Thune proposed a potential solution on Tuesday, aiming to combine a short-term government funding bill with a vote to extend Affordable Care Act (ACA) subsidies. This proposal is seen as a key step to breaking the deadlock and addressing a core demand that Democrats have been insisting on since September.
Some Republican lawmakers predict that the deadlock may end this week. Republican Senator Markwayne Mullin from Oklahoma expressed confidence in reaching an agreement this week, specifically stating, “I think there’s a good chance we can get this done by tomorrow night, Wednesday night… but more likely Thursday.”
However, President Trump once again pressured Republicans to abolish the Senate’s “filibuster” rule and highlighted the apparent divisions within the Democratic Party over a compromise solution, adding uncertainty to reaching a final agreement.
