Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
New Development in the US Government Shutdown: First Clear Official Statement on When It Might End

New Development in the US Government Shutdown: First Clear Official Statement on When It Might End

CryptoNewsNetCryptoNewsNet2025/10/20 19:06
By:en.bitcoinsistemi.com

The ongoing government shutdown in the United States “will probably end this week,” White House senior economic adviser Kevin Hassett said on Monday.

Speaking to CNBC, National Economic Council Director Hassett said that if the shutdown isn't resolved by the end of this week, the Trump administration could take “stronger measures” to force Democrats to the table.

The shutdown has entered its third week due to a bipartisan dispute over federal funding. Republicans want to reopen the government by passing a short-term budget proposal at current spending levels, while Democrats insist it includes health care protections. Specifically, they are demanding an extension of the Affordable Care Act (ACA) tax credits, which are set to expire at the end of the year.

Hassett said Senate Democrats felt reopening the government before this week's massive anti-Trump “No Kings” protests would create a “negative image.”

“Now this week, things could come together and move very quickly,” Hassett said, adding that “moderate Democrats will step in to open the government and then policies can be negotiated in the normal order.”

Hassett blamed Senate Minority Leader Chuck Schumer for the shutdown, saying, “The Schumer shutdown is likely to end this week.” However, he noted that if the process were prolonged, the White House would “consider stronger measures” with Budget Director Russell Vought.

Hassett's remarks suggest Democrats are biding their time in fighting the shutdown. However, polls show that most voters blame Trump and Republicans for the impasse and strongly support extending ACA health insurance subsidies.

Schumer said earlier this month, “Every day is getting better for us because we have planned for this for a long time and we knew that healthcare would be the focus on September 30th.”

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Nasdaq's initiative to introduce tokenized stocks encounters regulatory resistance from the WFE

- Nasdaq submitted a tokenized stock proposal to the SEC, seeking regulatory approval while collaborating with agencies to ensure compliance. - The WFE warned that tokenized assets could weaken investor protections and create regulatory imbalances by bypassing traditional market rules. - Nasdaq partnered with Revolut to strengthen regtech capabilities, emphasizing innovation balanced with compliance frameworks during SEC review. - The SEC's "Innovation Exemption" framework aims to accelerate blockchain ado

Bitget-RWA2025/11/30 02:12
Nasdaq's initiative to introduce tokenized stocks encounters regulatory resistance from the WFE

The Xerox Campus located in Webster, NY: An Example of How Infrastructure Enhances Real Estate Value

- Webster , NY transformed the Xerox brownfield into a high-value industrial hub via infrastructure grants and public-private partnerships. - $9.8M FAST NY funding enabled shovel-ready upgrades, attracting advanced manufacturing and logistics firms to the 300-acre site. - Strategic anchors like the $650M fairlife dairy facility and NY Forward programs validate the model, boosting property values by 10.1% annually. - The success demonstrates how infrastructure-led redevelopment in post-industrial markets ca

Bitget-RWA2025/11/30 02:10
The Xerox Campus located in Webster, NY: An Example of How Infrastructure Enhances Real Estate Value