Trump Say’s, “Looks Like We’re Getting Very Close to The Shutdown Ending.”
- The Senate is advancing a bipartisan funding bill to reopen the US government soon.
- Donald Trump voices optimism as negotiations signal an end to the prolonged shutdown.
- Bitcoin declined 19 percent since the beginning of the US shutdown on October 1st.
The United States Senate is preparing to vote on a Republican-backed stopgap funding bill that could bring an end to the longest government shutdown in the nation’s history. The development follows a breakthrough deal on Sunday after centrist Democrats negotiated terms to reopen the government in exchange for a December vote on expiring healthcare subsidies. When the news broke,
Trump told reporters as he returned to the White House from a weekend in Florida, “It looks like we’re getting very close to the shutdown ending.”
Senator Angus King, an independent from Maine who led the discussions, confirmed that the Democrats involved in the talks agreed the shutdown had lasted long enough. Speaking to reporters, he said, “That’s certainly what it looks like,” when asked about the likelihood of securing enough votes to pass the bill.
The proposal aims to reopen the federal government through January 31, providing funding for food aid and legislative operations until the end of the fiscal year. The measure must still pass the House of Representatives before being presented to President Donald Trump for approval, a process that could take several days.
Bipartisan Efforts to Break Deadlock
The Senate vote advanced the bill by a 60-40 margin—the minimum required to bypass a filibuster. Republican leaders are pushing for bipartisan cooperation to speed up final approval. If procedural delays occur, the shutdown could extend into the next weekend.
According to Reuters, the shutdown has impacted more than two million federal employees. Of these, around 300,000 are expected to leave government service by year’s end due to Trump’s downsizing initiative. The new funding bill includes back pay for all federal workers, covering military personnel, Border Patrol agents, and air-traffic controllers.
Democratic Senator Richard Blumenthal of Connecticut confirmed he would vote against the measure. Still, he admitted there appeared to be enough Democratic support for passage. “I am unwilling to accept a vague promise of a vote at some indeterminate time, on some undefined measure that extends the healthcare tax credits,” he told reporters.
Related: Arthur Hayes Says Bitcoin Will Rally After US Shutdown Ends
Sunday’s deal was reportedly brokered by Democratic Senators Maggie Hassan and Jeanne Shaheen, both from New Hampshire, alongside Senator King. Republicans, in turn, agreed to hold a December vote on extending Affordable Care Act subsidies that assist low-income Americans in paying for private health insurance.
Market Reaction and Bitcoin’s 19% Decline
As negotiations unfolded in Washington, market sentiment remained cautious. Bitcoin prices reflected this uncertainty, declining nearly 19% since the shutdown began on October 1. Analyst Bitcoin Vector, sharing data from Swissblock, reported that Bitcoin’s price fell to around $101.5K amid tightening volatility and weakening investor confidence.
Source: X
The analyst described a pattern of market oscillations between recovery and decline, with no clear bullish direction. A deleveraging event earlier in October triggered a sharp drop, followed by a weak rebound. Support and resistance levels show shrinking volatility, signaling ongoing investor caution.
Bitcoin Vector noted that the prolonged government shutdown has created macroeconomic uncertainty, affecting risk assets. Yet, he suggested that an end to the shutdown could reverse the trend. “If the shutdown ends, the opposite effect could follow—a bullish catalyst for Bitcoin and risk assets as macro data resumes and clarity returns to the market,” he wrote. As of press time, Bitcoin is teetering around $106K level.
