The U.S. Senate cleared the key hurdle to end the 40-day government shutdown, voting 60 to 40 to advance a bipartisan funding package that would restart federal agencies and carry core departments through January 30, 2026.
The U.S. Senate cleared the key hurdle to end the 40-day government shutdown, voting 60 to 40 to advance a bipartisan funding package that would restart federal agencies and carry core departments through January 30, 2026.
followed weekend talks in which Democrats agreed to back a modified House stopgap in return for the Trump administration rehiring furloughed staff and allowing a December vote on extending Obamacare tax credits.
The bill will finance the Department of Agriculture, the Food and Drug Administration, the Department of Veterans Affairs, military construction and congressional operations for the rest of the fiscal year.
Lawmakers said the package is meant to remove the stop and start spending pattern that has hurt services and forced about 750,000 federal staff off payrolls. The Senate’s numbers showed Republicans and Democrats both wanted to end the disruption once the administration accepted the rehiring and health care vote conditions.
The prolonged shutdown had tightened money conditions across U.S. markets. Approximately , and flight surged nearly 10% as air traffic controller pay was suspended. Analysts noted that the funding freeze stalled government spending and worsened liquidity conditions, weighing on both equity and digital asset markets.
Bitcoin slid below the key $100,000 psychological level to $99,000 during the strain, while large altcoins followed lower. Some traders also pointed to investor caution after reports of a on AI stocks by Michael Burry, which fed risk aversion in the same window.
Momentum began to shift after Senate Majority Leader John Thune on Sunday that a resolution could be imminent. His comments led to a market rebound, with Bitcoin leading gains as traders saw the anticipated reopening of the government as a signal of returning liquidity.
As of press time, Bitcoin was trading at , recording a 4% surge over the past 24 hours. On the other hand, Ethereum traded at , recording a 5.68% gain over the last 24 hours.
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