US House and Senate negotiators reach deal on border security funding
Democrats and Republican negotiators have reached “an agreement in principle” on Monday night, averting another US government shutdown.
The agreement in principle on a spending bill would avert a government shutdown, said Senator Richard Shelby. US congressional negotiators said late on Monday, the deal is due to start on Saturday.
‘We reached an agreement in principle between us on all the homeland security and the other six bills,’ Senator Richard Shelby said.
The decision comes ahead of the Friday deadline that was set to avoid another partial US government shutdown, as congressional negotiators said they aimed to reach the deal on border security funding by Monday night.
'Our staffs are going to be working feverishly to put all the particulars together,' Mr. Shelby said. It was still unclear whether, president Donald Trump would get any money for a US-Mexico border wall.
While the details of the deal have yet to be revealed, reports say lawmakers were confident that if the agreement was supported and signed by Trump, it could resolve an on-going dispute over US immigration
Trump’s detention of undocumented immigrants had previously put a stop to any progress talks. One specific point of disagreement had been the number of detention beds under the control of immigration officers.
The Democrats have long disputed the overall number of detention beds, including those occupied by asylum seekers and people caught at the border, from 49,000 to 34,000, while the Republicans want the numbers to increase.
Trump said: ’These are people coming into our country that we are holding and we don’t want in our country,’ He told reporters at the White House late Monday.
‘That’s why they don’t want to give us what we call ‘the beds.’ It’s much more complicated than beds, but we call them from ‘the beds.’ He said.
Democratic representative Nita Lowey said she had been in touch with the white Democratic speaker Nancy Pelosi, who was confident in the decision.
'I hope by Wednesday we'll have a finished product.' Lowey said.
This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
Live prices on most popular markets
You might be interested in…
Find out what charges your trades could incur with our transparent fee structure.
Discover why so many clients choose us, and what makes us a world-leading provider of spread betting and CFDs.
Stay on top of upcoming market-moving events with our customisable economic calendar.