The government shutdown looks on track to end this week. A House vote is the remaining hurdle.
By Victor Reklaitis
Senate late Monday gives its OK to a compromise package that Trump supports
It will likely take some time for airlines to right their operations after the federally mandated capacity cuts
The record-setting government shutdown appears on course to conclude in a matter of days, with a vote by the House of Representatives looking like the last big step that's needed.
That's after the Senate late Monday voted 60-40 in favor of a compromise package in the wake of eight Democratic senators siding with Republicans late Sunday to advance the measure. President Donald Trump told reporters on Monday afternoon that he supported the deal, describing it as "very good," so he's expected to sign the legislation into law once the House acts.
Prediction market Polymarket late Monday was forecasting the shutdown would end Thursday, while Kalshi was putting its conclusion on Wednesday.
The compromise package funds parts of the federal government through Jan. 30 and other parts for a full year. The deal also reverses mass layoffs of federal workers implemented during the shutdown, prevents further firings through Jan. 30, confirms federal employees will get the paychecks they've missed, and promises a Senate vote by the second week of December on expiring Obamacare subsidies, which were the issue that sparked the shutdown.
U.S. stocks SPX closed higher Monday, with analysts attributing the advance, in part, to hopes the 41-day shutdown will end soon.
House must travel to D.C. for tight vote
With the Senate having approved the compromise package, the GOP-controlled House of Representatives now must return to Washington, D.C., and give its OK before the legislation can head to Trump's desk to get signed into law.
Wednesday or Thursday are viewed as the likely days when the House could hold its vote. But one possible problem is that some House lawmakers might struggle to return to Washington, D.C., due to flight cancellations triggered by the government shutdown. Another challenge is House Speaker Mike Johnson's slim GOP majority in that chamber of Congress.
"The House vote will likely be very close since the vast majority of House Democrats are expected to oppose, leaving Speaker Johnson very little margin of error to keep his caucus unified," analysts at Evercore ISI said in a note.
Another shutdown is possible in January
Given the compromise package funds parts of the government until Jan. 30, there is potential for another shutdown in about 21/2 months.
"Still another shutdown looms in January," Greg Valliere, chief U.S. policy strategist at AGF Investments, said in a note. He described the situation as "a crisis without end, kicking the can down the road every few months."
Now read: Here's when to expect key jobs and inflation reports after the government reopens
-Victor Reklaitis
This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
11-10-25 2132ET
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