U.S. government partially shuts down as Congress resists funding Trump’s border wall

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The federal government partially shut down for the third time this yr early Saturday as lawmakers in Washington continued to wrangle over funding for President Donald Trump’s proposed border wall.

With the deadlock persevering with, funding expired for the Commerce, Interior, Treasury and different departments. Some economic-data releases might be delayed if the shutdown continues into subsequent week, and many federal workers will be furloughed. A shutdown gained’t have an effect on companies together with the Pentagon and Health and Human Services whose operations have already been funded.

See: Report on new-home sales would fall victim to government shutdown

After warning of a doubtlessly prolonged shutdown, Trump spent Friday making an attempt to pin blame on Democrats, a few week after he stated he could be “proud” to close elements of the government in an effort to beef up border safety by way of the development of a bodily wall.

Fears of a partial shutdown gripped Wall Street on Friday, serving to to ship U.S. shares decrease. The Dow Jones Industrial Average














DJIA, -1.81%












completed the day decrease and logged its worst week since October 2008. The U.S. greenback














DXY, +0.58%












rallied versus its main rivals.

Read: Dow posts worst week since ‘08; Nasdaq enters bear market as government shutdown looms

Also see: What a government shutdown could mean for stock market

Trump has made the development of a wall alongside the Mexican border one in every of his signature proposals, however has more and more vented frustrations that it hasn’t been constructed. Late Friday, he tweeted a drawing of what he known as a design of “our Steel Slat Barrier which is totally effective”:

Democrats will take management of the House of Representatives in January. They have opposed giving Trump the $5 billion or extra that he has looked for a wall, and a few mocked his suggestion of a metal barrier:

Senators have been negotiating additional on Friday night time following a procedural vote on a House-passed invoice containing $5.7 billion for border safety.

Senate Majority Leader Mitch McConnell stated the step allowed for preserving “maximum flexibility for productive conversations to continue between the White House and our Democratic colleagues.”

Trump, in the meantime, tweeted that he had canceled his scheduled Friday journey to his property in Florida “while we wait and see if the Democrats will help us to protect America’s Southern Border!”

Both the House and Senate are scheduled to reconvene Saturday at midday.