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Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer

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Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer

2

Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back

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Current price of oil as of June 11, 2026
U.S. Government Shutdown

Senate Extends Shutdown Deadlock by Blocking Spending Measures

By
Bloomberg
Bloomberg
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Bloomberg
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January 24, 2019, 3:51 PM ET
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The U.S. Senate has dealt a blow to President Trump's plans end the government shutdown. The U.S. Senate has dealt a blow to President Trump's plans end the government shutdown. Mandel Ngan—AFP/Getty Images

The Senate blocked two rival proposals to reopen U.S. government agencies in largely partisan votes, leaving President Donald Trump and lawmakers deadlocked with the partial shutdown in its 34th day.

The Senate, voting 52-44 Thursday, failed to get the 60 needed to advance a Democratic measure that would reopen agencies until Feb. 8 to allow talks on a border security plan. On an earlier 50-47 vote, the chamber lacked support to move forward with Trump’s plan to spend $5.7 billion on a border wall.

They were the first votes the Senate has taken on funding the government since the Dec. 22 start of the shutdown, now the longest in modern U.S. history.

“We will not Cave!” Trump tweeted a few hours before the votes.

Six Republicans voted to advance the Democratic bill: Lamar Alexander of Tennessee, Susan Collins of Maine, Cory Gardner of Colorado, Johnny Isakson of Georgia, Lisa Murkowski of Alaska and Mitt Romney of Utah. Three senators, two Republicans, and a Democrat were absent.

Just last month, the Republican-controlled Senate had backed the Democratic measure by voice vote before Trump suddenly opposed it, triggering the closure.

The president late Wednesday acquiesced to House Speaker Nancy Pelosi’s cancellation of his planned Jan. 29 State of the Union address in her chamber until the government reopens. The Treasury Department, Department of Homeland Security and Environmental Protection Agency are closed as Trump fights for his 2016 campaign promise to build a wall at the border with Mexico.

In advance of the votes, Senate Majority Leader Mitch McConnell called Trump’s plan a “pragmatic compromise that could end this impasse right away” by getting the president’s signature. He said the Democrats’ temporary measure creates the possibility of a new crisis in several weeks when funding expires.

Senate Minority Leader Chuck Schumer said Trump’s proposal is a “harshly partisan” plan that would give the president all he wants before reopening the government. The Democratic proposal would reopen federal agencies and allow time for negotiations over border security, he said.

The pain inflicted by the shutdown is “getting deeper and deeper every day,” with 800,000 federal employees set to miss another paycheck on Friday, Schumer said.

Explaining the Longest-Ever U.S. Government Shutdown: QuickTake

Trump’s proposal faced strong objections from Democrats who oppose the wall and the plan’s changes in immigration law including new limits on asylum claims by Central American minors.

The Trump bill would ban people under age 18 from El Salvador, Guatemala or Honduras from receiving U.S. asylum unless they apply at a processing center in Central America. That means they couldn’t apply in the U.S. if they fled their home countries due to gang violence, as many have done.

In an effort to gain Democratic votes, the Trump proposal would provide three-year protection from deportation for young undocumented people enrolled in the Deferred Action for Childhood Arrivals program, or DACA. Similar protection would be given to people from countries like El Salvador and Haiti who live and work in the U.S legally because of civil turmoil or natural disasters in those countries. Trump has sought to end both programs.

However, the DACA extension would leave out hundreds of thousands of undocumented immigrants brought to the U.S. as children. It would protect only those already enrolled in the program, and not other young immigrants who might be eligible.

The White House had said Trump would veto the House-passed short-term measure. Overcoming a veto would require 20 Senate Republicans to vote with all 47 members of the Democratic caucus to reach a two-thirds vote for an override. Thursday’s Senate vote showed support well below what would be needed.

In the House, 237 lawmakers voted for the bill, far short of the 290 needed to override a veto in that chamber.

Attention now turns back to the House, where Democrats say they are preparing to offer a proposal to boost border security — but not build a wall — by spending an amount close to the $5.7 billion he wants for the wall.

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