No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Saturday, April 11, 2026
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

Senate moves to end shutdown as Bernie Sanders says Democrats voting with GOP made ‘horrific mistake’

by TheAdviserMagazine
5 months ago
in Business
Reading Time: 5 mins read
A A
Senate moves to end shutdown as Bernie Sanders says Democrats voting with GOP made ‘horrific mistake’
Share on FacebookShare on TwitterShare on LInkedIn



The Senate took the first step to end the government shutdown on Sunday after a group of moderate Democrats agreed to proceed without a guaranteed extension of health care subsidies, angering many in their caucus who say Americans want them to continue the fight.

In a test vote that is the first in a series of required procedural maneuvers, the Senate voted 60-40 to move toward passing compromise legislation to fund the government and hold a later vote on extending Affordable Care Act tax credits that expire Jan. 1. Final passage could be several days away if Democrats object and delay the process.

The agreement does not guarantee the Affordable Care Act subsidies will be extended, as Democrats have demanded for almost six weeks. Senate Democratic leader Chuck Schumer of New York voted against moving ahead with the package, along with all but eight of his Democratic colleagues.

A group of three former governors — New Hampshire Sen. Jeanne Shaheen, New Hampshire Sen. Maggie Hassan and Independent Sen. Angus King of Maine — broke the six-week stalemate on Sunday when they agreed to vote to advance three bipartisan annual spending bills and extend the rest of government funding until late January in exchange for a mid-December vote on extending the health care tax credits. The agreement also includes a reversal of the mass firings of federal workers by the Trump administration since the shutdown began on Oct. 1 and would ensure that federal workers receive back pay.

Senate Majority Leader John Thune quickly endorsed the deal and called the immediate vote to begin the process of approving it as the shutdown continued to disrupt flights nationwide, threaten food assistance for millions of Americans and leave federal workers without pay.

“The time to act is now,” Thune said.

Returning to the White House on Sunday evening after attending a football game, President Donald Trump did not say whether he endorsed the deal. But he said, “It looks like we’re getting close to the shutdown ending.”

Five Democrats switch votes

In addition to Shaheen, King and Hassan, Democratic Sen. Tim Kaine of Virginia, home to tens of thousands of federal workers, also voted in favor of moving forward on the agreement. Illinois Sen. Dick Durbin, the No. 2 Democrat, Pennsylvania Sen. John Fetterman and Nevada Sens. Catherine Cortez Masto and Jacky Rosen also voted yes.

The moderates had expected a larger number of Democrats to vote with them as around 10-12 Democratic senators had been part of the negotiations. But in the end, only five Democrats switched their votes — the exact number that Republicans needed. King, Cortez Masto and Fetterman had already been voting to open the government since Oct. 1.

The vote was temporarily delayed on Sunday evening as three conservatives who often criticize spending bills, Republican Sens. Mike Lee of Utah, Rick Scott of Florida and Ron Johnson of Wisconsin, withheld their votes and huddled with Thune at the back of the chamber. They eventually voted yes after speaking to Trump, Lee said.

Another Republican, Sen John Cornyn of Texas, had to fly back from Texas to deliver the crucial 60th vote.

Schumer votes no

After Democrats met for over two hours to discuss the proposal, Schumer said he could not “in good faith” support it.

Schumer, who received blowback from his party in March when he voted to keep the government open, said that Democrats have now “sounded the alarm” on health care.

“We will not give up the fight,” he said.

Independent Sen. Bernie Sanders of Vermont, who caucuses with the Democrats, said that giving up the fight was a “horrific mistake.”

Sen. Chris Murphy, D-Conn., agreed, saying that people in last week’s elections voted overwhelmingly Democratic “to urge Democrats to hold firm.”

A bipartisan agreement

Democrats had voted 14 times not to reopen the government as they demanded the extension of tax credits that make coverage more affordable for health plans offered under the Affordable Care Act. Republicans said they would not negotiate on health care, but GOP leaders have been quietly working with the group of moderates as the contours of an agreement began to emerge.

The agreement includes bipartisan bills worked out by the Senate Appropriations Committee to fund parts of government — food aid, veterans programs and the legislative branch, among other things. All other funding would be extended until the end of January, giving lawmakers more than two months to finish additional spending bills.

The deal would reinstate federal workers who had received reduction in force, or layoff, notices and reimburse states that spent their own funds to keep federal programs running during the shutdown. It would also protect against future reductions in force through January and guarantee federal workers would be paid once the shutdown is over.

House Democrats push back

House Democrats swiftly criticized the Senate.

Texas Rep. Greg Casar, the chairman of the Congressional Progressive Caucus, said a deal that doesn’t reduce health care costs is a “betrayal” of millions of Americans who are counting on Democrats to fight.

“Accepting nothing but a pinky promise from Republicans isn’t a compromise — it’s capitulation,” Casar said in a post on X. “Millions of families would pay the price.”

Rep. Angie Craig of Minnesota posted that “if people believe this is a ‘deal,’ I have a bridge to sell you.”

House Democratic leader Hakeem Jeffries blamed Republicans and said Democrats will continue to fight.

“Donald Trump and the Republican Party own the toxic mess they have created in our country and the American people know it,” Jeffries said.

Health care debate ahead

It’s unclear whether the two parties would be able to find any common ground on the health care subsidies before a promised December vote in the Senate. House Speaker Mike Johnson, R-La., has said he will not commit to bring it up in his chamber.

Some Republicans have said they are open to extending the COVID-19-era tax credits as premiums could skyrocket for millions of people, but they also want new limits on who can receive the subsidies and argue that the tax dollars for the plans should be routed through individuals.

Other Republicans, including Trump, have used the debate to renew their yearslong criticism of the law and called for it to be scrapped or overhauled.

“THE WORST HEALTHCARE FOR THE HIGHEST PRICE,” Trump said of the Affordable Care Act in a post Sunday.

Shutdown effects worsen

Meanwhile, the consequences of the shutdown have been compounding. U.S. airlines canceled more than 2,000 flightson Sunday for the first time since the shutdown began, and there were more than 7,000 flight delays, according to FlightAware, a website that tracks air travel disruptions.

Treasury Secretary Sean Duffy said on CNN’s “State of the Union” that air travel ahead of the Thanksgiving holiday will be “reduced to a trickle” if the government doesn’t reopen.

At the same time, food aid was delayed for tens of millions of people as Supplemental Nutrition Assistance Program benefits were caught up in legal battles related to the shutdown.

And in Washington, home to millions of federal workers who have gone unpaid, the Capital Area Food Bank said it is providing 8 million more meals ahead of the holidays than it had prepared to this budget year — a nearly 20% increase.



Source link

Tags: BernieDemocratsGOPHorrificMistakemovesSandersSenateshutdownVoting
ShareTweetShare
Previous Post

Behind flashy numbers: How should investors view companies churning profits just before IPOs

Next Post

3 Russell 2000 Stocks We Approach with Caution

Related Posts

edit post
Nike on the brink as shares crash 75% from highs. Critics say brand went ‘woke’ and is now broke (but here’s the truth)

Nike on the brink as shares crash 75% from highs. Critics say brand went ‘woke’ and is now broke (but here’s the truth)

by TheAdviserMagazine
April 11, 2026
0

Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. Nike (NYSE:NKE) has long...

edit post
These niche AI startups are trying to protect the Pentagon’s secrets

These niche AI startups are trying to protect the Pentagon’s secrets

by TheAdviserMagazine
April 11, 2026
0

The relationship between AI companies and the American defense establishment burst into the open earlier this year when Anthropic found...

edit post
Madhusudan Kela picks beaten-down smallcap bets; buys Indiabulls, Simplex Infra in Q4

Madhusudan Kela picks beaten-down smallcap bets; buys Indiabulls, Simplex Infra in Q4

by TheAdviserMagazine
April 11, 2026
0

Ace investor Madhusudan Kela has made fresh investments in underperforming stocks, picking up stakes in Indiabulls Limited and Simplex Infrastructures...

edit post
D-Street Week Ahead: Nifty extends rebound; Godfrey Phillips signals breakout after base formation

D-Street Week Ahead: Nifty extends rebound; Godfrey Phillips signals breakout after base formation

by TheAdviserMagazine
April 11, 2026
0

After a day of breather, the markets resumed their rebound and extended their move while ending the day on a...

edit post
Man’s best friend may live a bit longer thanks to a new pill promising to extend your pup’s lifespan

Man’s best friend may live a bit longer thanks to a new pill promising to extend your pup’s lifespan

by TheAdviserMagazine
April 11, 2026
0

For most dog owners, the hardest part of loving a pet is knowing from the start how it ends. A...

edit post
Defence stocks set for mixed Q4; Nuvama bets on BEL, Solar Industries, and a smallcap pick

Defence stocks set for mixed Q4; Nuvama bets on BEL, Solar Industries, and a smallcap pick

by TheAdviserMagazine
April 11, 2026
0

Listed defence sector companies are expected to deliver a mixed set of numbers in Q4FY26, despite robust order visibility and...

Next Post
edit post
3 Russell 2000 Stocks We Approach with Caution

3 Russell 2000 Stocks We Approach with Caution

edit post
October Layoffs Reach 22-Year High In US

October Layoffs Reach 22-Year High In US

  • Trending
  • Comments
  • Latest
edit post
Massachusetts loses billions in income after millionaire tax

Massachusetts loses billions in income after millionaire tax

March 24, 2026
edit post
Illinois’ Paid Leave for All Workers Act Takes Effect — Every Employee Now Gets Guaranteed Time Off

Illinois’ Paid Leave for All Workers Act Takes Effect — Every Employee Now Gets Guaranteed Time Off

March 27, 2026
edit post
Virginia Permits ADULT MIGRANT MEN To Attend High School

Virginia Permits ADULT MIGRANT MEN To Attend High School

March 30, 2026
edit post
A 58-year-old left NYC for Miami to save on taxes — then retired early thanks to hidden savings. Here’s the math

A 58-year-old left NYC for Miami to save on taxes — then retired early thanks to hidden savings. Here’s the math

March 30, 2026
edit post
Tax Flight Accelerates In Massachusetts

Tax Flight Accelerates In Massachusetts

April 6, 2026
edit post
Property Tax Relief & Income Tax Relief

Property Tax Relief & Income Tax Relief

April 1, 2026
edit post
How market’s private credit crisis fears are spreading to bond ETFs

How market’s private credit crisis fears are spreading to bond ETFs

0
edit post
Harris County Seniors: Before You Hire a Caregiver, New Data Shows Billing Complaints Are Up 18%

Harris County Seniors: Before You Hire a Caregiver, New Data Shows Billing Complaints Are Up 18%

0
edit post
D-Street Week Ahead: Nifty extends rebound; Godfrey Phillips signals breakout after base formation

D-Street Week Ahead: Nifty extends rebound; Godfrey Phillips signals breakout after base formation

0
edit post
How to Use Miles to Upgrade a Flight

How to Use Miles to Upgrade a Flight

0
edit post
There’s a kind of exhaustion specific to people who grew up in the 1960s and 70s — not physical tiredness but the cumulative weight of having been reliable for so long, for so many people, with so little reciprocity, that they genuinely cannot remember what it felt like to be the one who was taken care of

There’s a kind of exhaustion specific to people who grew up in the 1960s and 70s — not physical tiredness but the cumulative weight of having been reliable for so long, for so many people, with so little reciprocity, that they genuinely cannot remember what it felt like to be the one who was taken care of

0
edit post
Project Glasswing: The 10 Consequences Nobody’s Writing About Yet

Project Glasswing: The 10 Consequences Nobody’s Writing About Yet

0
edit post
How market’s private credit crisis fears are spreading to bond ETFs

How market’s private credit crisis fears are spreading to bond ETFs

April 11, 2026
edit post
There’s a kind of exhaustion specific to people who grew up in the 1960s and 70s — not physical tiredness but the cumulative weight of having been reliable for so long, for so many people, with so little reciprocity, that they genuinely cannot remember what it felt like to be the one who was taken care of

There’s a kind of exhaustion specific to people who grew up in the 1960s and 70s — not physical tiredness but the cumulative weight of having been reliable for so long, for so many people, with so little reciprocity, that they genuinely cannot remember what it felt like to be the one who was taken care of

April 11, 2026
edit post
Nike on the brink as shares crash 75% from highs. Critics say brand went ‘woke’ and is now broke (but here’s the truth)

Nike on the brink as shares crash 75% from highs. Critics say brand went ‘woke’ and is now broke (but here’s the truth)

April 11, 2026
edit post
These niche AI startups are trying to protect the Pentagon’s secrets

These niche AI startups are trying to protect the Pentagon’s secrets

April 11, 2026
edit post
Madhusudan Kela picks beaten-down smallcap bets; buys Indiabulls, Simplex Infra in Q4

Madhusudan Kela picks beaten-down smallcap bets; buys Indiabulls, Simplex Infra in Q4

April 11, 2026
edit post
D-Street Week Ahead: Nifty extends rebound; Godfrey Phillips signals breakout after base formation

D-Street Week Ahead: Nifty extends rebound; Godfrey Phillips signals breakout after base formation

April 11, 2026
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • How market’s private credit crisis fears are spreading to bond ETFs
  • There’s a kind of exhaustion specific to people who grew up in the 1960s and 70s — not physical tiredness but the cumulative weight of having been reliable for so long, for so many people, with so little reciprocity, that they genuinely cannot remember what it felt like to be the one who was taken care of
  • Nike on the brink as shares crash 75% from highs. Critics say brand went ‘woke’ and is now broke (but here’s the truth)
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.