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U.S. government likely to shut down at midnight as Congressional compromise remains out of reach
CNBC Televisionยท2025-09-30 15:45

Government Shutdown Threat - The US Congress is facing a potential government shutdown, reminiscent of the 2018-2019 shutdown [1] - A Senate stop-gap plan to fund the government through November 21st faces challenges in securing enough votes [1] - Senate Democrats are seeking provisions related to healthcare, specifically the extension of premium tax credits under the Affordable Care Act [1] - The expiration of these credits could lead to a 75% increase in insurance prices for over 20 million Americans [1] - The White House warns of potential large-scale layoffs if the government shuts down [4] Political Positions - Senate Majority Leader John Thune suggests potential compromises on healthcare, including income caps and addressing waste, fraud, and abuse, but emphasizes the need to first keep the government funded [1][2] - House Minority Leader Hakeem Jeffries argues that Republicans, controlling the House, Senate, and White House, will bear the blame for any shutdown [3][4] - Republicans are open to discussing healthcare reforms but refuse to negotiate while the threat of a government shutdown persists [7] - Some Republicans oppose extending tax credits, citing concerns about adding hundreds of billions of dollars to the debt and deficit [7] Negotiation Impasse - There is a lack of bipartisan talks, making it unclear if a solution can be reached to prevent a shutdown [5] - Democrats suggest that President Trump may have previously shown interest in extending tax credits [6]