A new 31-page bill aimed at ending the government shutdown was published and swiftly moved forward by the Senate on Sunday evening, indicating the the longest-ever U.S. government shutdown appears to be drawing to an end.
The breakthrough saw eight moderate members of the Democratic caucus join with Republicans.
The proposed deal would finance the government until January 30th next year and could potentially reverse some permanent layoffs of government employees that happened during the 35-day deadlock.
Global stocks rallied today following the creation of the bill.
U.S. stock futures were ahead of Monday’s opening, remaining positive, while European stocks also rose. The Stoxx 600 increased by 1.4%, and the U.K.’s FTSE 100, Germany’s DAX, and France’s CAC 40 all traded higher.
The possible end of the shutdown could boost investors all week, following last week’s worries about AI and tech stocks that led to declines in global markets.
By CEO NA Editorial Staff
