• Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
Economy

Trump, Schumer reach government funding deal, sacrifice DHS spending bill in the process

by January 30, 2026
by January 30, 2026

Senate Democrats and the White House reached a deal to fund the government, but lawmakers aren’t out of the woods yet in averting a partial shutdown. 

Senate Minority Leader Chuck Schumer, D-N.Y., and President Donald Trump labored over a deal from late night Wednesday until Thursday evening after the top Senate Democrat unleashed several funding demands and the White House accused Schumer of blocking a meeting with rank-and-file Democrats. 

‘The separation of the five bipartisan bills the Democrats asked for + the two-week DHS [continuing resolution] has been agreed to,’ Schumer said in a statement. 

Trump, in a post on Truth Social, said that the ‘only thing that can slow our Country down is another long and damaging Government Shutdown.’ 

‘I am working hard with Congress to ensure that we are able to fully fund the Government, without delay,’ Trump said. ‘Republicans and Democrats in Congress have come together to get the vast majority of the Government funded until September, while at the same time providing an extension to the Department of Homeland Security (including the very important Coast Guard, which we are expanding and rebuilding like never before).’ 

‘Hopefully, both Republicans and Democrats will give a very much-needed Bipartisan ‘YES’ Vote,’ he continued. 

The deal brokered between the two would see the Department of Homeland Security (DHS) funding bill stripped from the broader six-bill package. Schumer and Democrats have been adamant that if the bill were sidelined, they’d vote for the remaining five, which includes funding for the Pentagon. 

Their agreement also tees up a short-term funding extension, known as a continuing resolution (CR), for two weeks to keep the agency funded while lawmakers negotiate restrictions on Immigration and Customs Enforcement (ICE). 

Trump and Schumer’s bipartisan truce comes after Senate Majority Leader John Thune, R-S.D., and Senate Republicans barreled ahead with a test vote on the funding package that was ultimately torpedoed by Senate Democrats and a cohort of seven Republicans earlier in the day. 

Republicans again have the opportunity to bring the package back to the floor, but to speed up the process, they would need consent from lawmakers on both sides of the aisle.

And they are still working out the kinks on their own end through the hotline process, where the package is scrutinized by every Senate Republican before being given the go-ahead for a floor vote. 

Speedig up the process may prove tricky, given that several of the Republican defectors, including Sens. Ron Johnson, R-Wis., Rick Scott, R-Fla., and Ted Budd, R-N.C., were upset with earmarks baked into the bill. 

And Sen. Rand Paul, R-Ky., wants an amendment vote on his provision to strip the bill of millions in ‘refugee welfare money‘ and signaled that he may slow the process down if he doesn’t. 

Many Senate Republicans recognize that stripping the DHS bill is not the best outcome but contended that it was better than not funding the government and entering into yet another shutdown.

‘That’s the only way we’re going to get through this without a long government shutdown,’ Sen. Steve Daines, R-Mont., said. 

To his point, despite lawmakers reaching an agreement that will likely see the remaining bills passed and keep DHS funded for a month, the House will have to agree. They don’t return until next week, and fiscal hawks are already publicly panning the plan.

This post appeared first on FOX NEWS

0 comment
0
FacebookTwitterPinterestEmail

previous post
Watchdog sounds alarm over potential noncitizen voting and foreign influence ahead of midterms
next post
Tensions boil in House over emerging Senate deal to avert government shutdown

Related Posts

Rent Money Isn’t Wasted — It Buys Protection...

January 30, 2026

How Does Your State Rank on This Economic...

January 30, 2026

Tensions boil in House over emerging Senate deal...

January 30, 2026

Watchdog sounds alarm over potential noncitizen voting and...

January 30, 2026

Trump allies cite surge in appeals court wins,...

January 30, 2026

Rubio revokes Iranian officials’ US travel privileges over...

January 30, 2026

House conservatives skeptical as Senate deal sacrificing DHS...

January 30, 2026

Trump files $10B lawsuit against IRS over alleged...

January 30, 2026

Trump warns UK it’s ‘very dangerous’ to do...

January 30, 2026

Trump declares national emergency over Cuba, threatens tariffs...

January 30, 2026

Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.

By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

Recent Posts

  • Rent Money Isn’t Wasted — It Buys Protection from Big Risk

    January 30, 2026
  • How Does Your State Rank on This Economic Freedom Index?

    January 30, 2026
  • Morning Brief: Asian stocks slide; Trump threatens 50% Canada tariffs

    January 30, 2026
  • Exxon Q4 preview: Crude price headwinds to hit Exxon’s upstream earnings

    January 30, 2026
  • Analyst estimates predict revenue and EPS dip for Chevron’s critical Q4 result

    January 30, 2026
  • Gold slumps 3%, but set for its strongest monthly gain since 1980 

    January 30, 2026

Editors’ Picks

  • 1

    Pop Mart reports 188% profit surge, plans aggressive global expansion

    March 26, 2025
  • 2

    Meta executives eligible for 200% salary bonus under new pay structure

    February 21, 2025
  • 3

    New FBI leader Kash Patel tapped to run ATF as acting director

    February 23, 2025
  • 4

    Anthropic’s newly released Claude 3.7 Sonnet can ‘think’ as long as the user wants before giving an answer

    February 25, 2025
  • 5

    Walmart earnings preview: What to expect before Thursday’s opening bell

    February 20, 2025
  • ‘The Value of Others’ Isn’t Especially Valuable

    April 17, 2025
  • 7

    Cramer reveals a sub-sector of technology that can withstand Trump tariffs

    March 1, 2025

Categories

  • Economy (3,975)
  • Editor's Pick (434)
  • Investing (457)
  • Stock (2,654)
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Read alsox

Meet the Texas Stock Exchange: Wall St...

November 19, 2025

Iran president accuses US of ‘grave betrayal’...

September 25, 2025

U.S. homebuilders raise alarm over tariffs as...

February 20, 2025