U.S. Shutdown Nears End as Senate Votes to Reopen Government

As the U.S. Government shutdown passes the 40-day mark, Senators are striking a bipartisan deal to reopen the government. On this last Sunday, the Senate voted 60-40 to advance the measure, which included eight Senators from the DNC "flipping" to support the motion.

The agreement would reopen the government through January 30, and includes a "minibus" appropriations package covering three major bills for the Department of Agriculture, Food and Drug Administration, Department of Veterans Affairs, and military construction projects. 

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It also guarantees funding for the SNAP program (food stamps) through September 2026, guaranteeing that Americans in need will receive support for another calendar year. 

Surprisingly, the deal does not include any extension to the Affordable Care Act (Obamacare) subsidies, which, up until that point, was a major roadblock for Democrats. Obamacare premiums are set to expire at the end of the year and are bound to increase in 2026.

While the measure marks a major step toward reopening the government, there are still at least a few days before the government reopens.  Now the House will need to vote on it, and later, President Trump will need to sign it before it takes effect. 

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An end to the longest government shutdown in U.S. history would likely have a significant impact on crypto and other financial markets.  On top of the overlying pressures it caused, like hundreds of thousands of Federal Workers furloughed, the shutdown also drained liquidity from the U.S. economy as household spending decreased. 

Furthermore, prolonged uncertainty around fiscal policy has weighed heavily on investor sentiment. The most obvious side-effect has been the lack of economic data, which could cloud the Fed's ability to make its next decision at the next FOMC meeting in December.