McConnell Sees Path to Avoid Shutdown After Meeting With Trump
(Bloomberg) -- Senate Majority Leader Mitch McConnell said after meeting with President Donald Trump Thursday that he expects to reach an agreement to avoid a partial government shutdown next month and address the president's demands for funds for a border wall.
“We talked about border security and how to resolve all this, and we're optimistic we have a way forward," McConnell of Kentucky said after he and Senate Appropriations Chairman Richard Shelby of Alabama met with the president.
Asked what the way forward is, McConnell said, “I'll tell you when we get it.” He declined to respond to questions about whether Trump would accept fencing as a wall at the U.S.-Mexico border.
Funding is set to end Dec. 7 for some federal agencies including the Department of Homeland Security, the Internal Revenue Service and the National Park Service. Congress already passed full-year funding for many other federal agencies, meaning they would remain open.
“We had a good discussion about funding the government and the other year-end items and were optimistic we're going to be able to get that done, get the farm bill done," the majority leader said.
Shelby said Trump was in a good mood and "didn't threaten anything." The senator added, "We're not going to shut down the government.“
The main obstacle "is the wall funding and how we do it,” Shelby said. He said he offered a proposed compromise to solve the border wall issue but he couldn't discuss the details yet.
--With assistance from Korey Matthews.
To contact the reporters on this story: Erik Wasson in Washington at ewasson@bloomberg.net;Laura Litvan in Washington at llitvan@bloomberg.net
To contact the editors responsible for this story: Joe Sobczyk at jsobczyk@bloomberg.net, Laurie Asséo, Justin Blum
©2018 Bloomberg L.P.
-
Signature Play: The Classic Cocktail Is Dead. Or Is It?
Classic cocktails are disappearing from India's cocktail menus. But they're still being ordered, taught to bartenders and borrowed from. So, who's really having the last drink?
-
A New Samvat Wishlist: Inclusive Prosperity And Human Development
India has strengthened its economic foundations through infrastructure, digital access and enterprise. Its next growth chapter must deepen productivity, create better livelihoods and widen participation in prosperity.
-
Love, Sex Aur Dhokha: The Audacious Plot To Spy On Jensen Huang
A Taipei dinner, a Singapore chip buyer and a suspected Chinese asset: inside the alleged spy operation that got close to NVIDIA's Jensen Huang.
-
Ten Things I Learnt This Samvat
Patience can be a trap. Cheap stocks can stay cheap. Leverage can wipe you out. What did Samvat 2082 teach us? Niraj Shah writes on 10 lessons from the year gone by.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.