Trump warns of very long government shutdown

Congress appeared to have no solution for a government shutdown stalemate Friday, as President Donald Trump warned of a “very long” closure if lawmakers do not approve money for his proposed border wall.

Parts of the government will close if Congress cannot pass spending bills for seven agencies by midnight Friday. As of the morning, lawmakers appeared far from breaking an impasse over whether to fund the barrier on the U.S.-Mexico border.

House Republicans passed a bill Thursday night to keep the government running through Feb. 8 and put more than $5 billion toward the president’s wall. The Senate is expected to vote on, and reject, the legislation after it convenes at noon on Friday.

CNBC

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Craig Erlam

Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam