Senate to Seek Shutdown Solution on Monday

The U.S. government shutdown will go into a third day Monday, as the Senate failed to strike a deal to break an impasse before the work week starts in Washington.Senate Majority Leader Mitch McConnell will move to advance a stopgap spending bill at noon ET on Monday, he said Sunday night. He hoped to hold a procedural vote on the measure as soon as 10 p.m. Sunday night, but Senate Minority Leader Chuck Schumer objected as Democrats still had not seen enough progress in talks on issues like immigration to move forward.The stalemate will now last through the start of business Monday, when the effects of the government funding lapse will be felt more heavily. Just under a million federal workers would not go into work if the shutdown persists, while financial markets would have their first chance to react to the dysfunction in Washington.

Source: Government shutdown news: No deal yet, Senate to vote Monday – CNBC

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.