Senate, shutdown
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The Senate failed to advance legislation to fund major portions of the government as talks over reforming ICE continue.
Senate leaders have a bipartisan funding deal in hand but it remains to be seen whether they will avert a costly government shutdown as the clock ticks down toward Friday’s midnight deadline.
Senate Banking Committee leaders are split on President Donald Trump’s choice of Kevin Warsh to be the next chairman of the Federal Reserve, while a key Republican on the panel is standing firm on his plans to oppose any nomination until a legal action against the Fed is resolved.
Government shutdown all but guaranteed as House Speaker Mike Johnson, R-La., says earliest action on Senate-passed spending bill is Monday, with two-thirds majority potentially needed.
The U.S. Senate Agriculture Committee, which oversees commodities trading, advanced a bill on Thursday that would establish a federal regulatory framework for cryptocurrencies on a party-line vote, an indication that the legislation likely lacks enough support to be passed by the full Senate.