The US Senate passed a temporary funding bill last Friday, successfully avoiding a partial government shutdown. This result is due to the concessions made by the Democratic Party in the deadlock, despite strong dissatisfaction within the party with the bill. Senate Democratic leader Chuck Schumer broke the deadlock at a critical moment, supporting the bill and ultimately passing it with 54-46 votes. Although the bill sparked controversy within the Democratic Party, its passage ensured the continuity of government operations and avoided the chaos caused by the shutdown.

Democratic Party's concessions and deadlock breaking

After several days of intense debate, Senate Democratic leader Schumer announced his support for advancing the temporary appropriations bill last Thursday night, despite his own dissatisfaction with the bill. Schumer believes that avoiding a government shutdown is a higher priority goal. This decision has caused a huge uproar within the Democratic Party, exposing differences within the party on how to counter the Trump administration. In the end, the Senate passed the bill with 54-46 votes and sent it to Trump for signature into law.

Content and Disputes of the Bill

The temporary funding bill stabilizes spending for the fiscal year ending on September 30th at around $6.75 trillion, but reduces spending by approximately $7 billion. Democrats expressed anger over the bill, arguing that it failed to prevent Trump from halting congressional authorization for spending and cutting tens of thousands of jobs. However, in order to avoid the chaos caused by the government shutdown, the Democratic Party ultimately chose to make concessions.

Avoidance of Government Shutdown and Future Challenges

The passage of the bill avoided a partial government shutdown and ensured the continuity of government operations. However, the controversies and divisions within the Democratic Party have not been fully resolved, and the party still faces significant challenges in fiscal policy and the game with the Trump administration in the future. How to advance its own policy agenda without triggering a shutdown will be a key issue that the Democratic Party needs to face.

summarize

The US Senate passed a temporary funding bill, successfully avoiding a partial government shutdown, thanks to concessions from the Democratic Party. Although the content of the bill has sparked controversy within the party, its passage ensures the continuity of government operations and may boost investor confidence in the short term, supporting the strength of the US dollar index. In the future, the Democratic Party will still face challenges in fiscal policy and the game with the Trump administration. How to promote its own agenda while avoiding a shutdown will become the core issue it needs to address, which may continue to trigger political uncertainty and pose potential pressure on the US dollar.