US shutdown nears end: bill to end it passes Senate
Funding for the U.S. government, suspended Oct. 1, could resume in the middle of this week
US Congress senators on the night of November 11 approved a compromise bill that would end the longest government shutdown in the country's history. The document may go to President Donald Trump for his signature on November 12, and bookmakers have no doubt that the shutdown will end this week.
Details
The bill passed by a 60-40 vote margin with the support of nearly all Republicans and eight moderate Democratic senators. The document will next go to the Republican-controlled House of Representatives. Speaker Mike Johnson has said he would like to approve it as early as Nov. 12 and send it to Trump for his signature, Reuters reports. Trump himself called the deal with Senate Democrats "very good."
The agreement reflected in the bill renews funding for U.S. federal agencies through Jan. 30, 2026, and suspends Trump's campaign to cut the bureaucracy for the same period. However, Democrats did not secure an extension of subsidies expiring at the end of 2025 that have helped lower the cost of health insurance for more than 20 million Americans. While the deal with Republicans calls for a vote on those subsidies in December, it does not guarantee their renewal, the agency noted.
Bookmakers have little doubt that the US shutdown will end this week. On the Polymarket platform, where users bet on the outcome of real events, the probability of such an outcome is estimated at 96%.
How the markets reacted
Gold and stocks are rising amid the Senate's approval of a bill to end the U.S. shutdown. The precious metal jumped almost 3% overnight and is trading steadily above $4100 per troy ounce in Asia, Reuters reports.
South Korea's Kospi stock index added 1.2%, Japan's Nikkei 225 index rose 0.3%. Prices of December futures on the U.S. indices S&P 500 and Nasdaq 100 remained virtually unchanged. On Wall Street on Nov. 10, the S&P 500 closed with its biggest one-day gain since mid-October, while the Nasdaq 100 closed with its biggest one-day gain since Ma.
This article was AI-translated and verified by a human editor
