Connect with us
  • Loading stock data...

News

Trump distrust keeps Democrats out of ‘gang’

Published

on

WASHINGTON, DC – OCTOBER 16: U.S. Senate Minority Leader Sen. Chuck Schumer (D-NY) (R) and House Minority Leader Rep. Hakeem Jeffries (D-NY) (L) brief members of the press during a news conference on the government shutdown at the U.S. Capitol on October 16, 2025 in Washington, DC.

Alex Wong | Getty Images

Capitol Hill remains locked in a stalemate as the government shutdown trudges into its third week — and Democrats say their lack of trust in President Donald Trump is a major obstacle to negotiations.

In past legislative disputes, bipartisan coalitions known as “gangs” have formed to break the logjams. The groups have helped lay the early framework for major deals before getting buy-in from leadership and other lawmakers.

In the current funding lapse — which is already longer than most previous government shutdowns — those gangs are nowhere to be found.

“What good is an agreement by a gang of four or eight or twelve, when the president of the United States regards himself as his own law and disregards the norms and rules?” Sen. Richard Blumenthal, D-Conn., told CNBC.

There have been some bipartisan talks around Democrats’ key demand: an extension of enhanced premium tax credits for Affordable Care Act health insurance premiums, which are set to expire at year’s end.

But no specific group has convened to hash out those details, or more broadly negotiate an end to the shutdown.

Advertisement

Sen. Josh Hawley, R-Mo., who supports extending the tax credits, said he’s had conversations with multiple Democratic senators, but no set group has formed.

Senate Majority Leader John Thune, R-S.D., holds up the continuing resolution to fund the government during a news conference with Speaker of the House Mike Johnson, R-La., on the shutdown in the U.S. Capitol on Friday, Oct. 10, 2025.

Tom Williams | CQ-Roll Call, Inc. | Getty Images

“What’s different about this is I don’t sense any coalescing,” Hawley said. “There doesn’t seem to be any sort of momentum around people saying, like, ‘OK, really, we need to make a deal.’”

Trump, Senate Majority Leader John Thune, R-S.D., and Speaker Mike Johnson, R-La., have maintained that no negotiations can happen until the government has reopened. They need support from around eight Senate Democrats to pass a stopgap bill that will temporarily resume federal funding at current levels.

Thune told MSNBC on Wednesday that he has offered Democratic leaders a vote on extending the Obamacare subsidies in exchange for opening the government.

But Democrats have expressed strong doubts about any handshake deal with Republicans.

“We need an ironclad path forward that decisively addresses the Republican healthcare crisis.” House Minority Leader Hakeem Jeffries, D-N.Y., said Thursday on MSNBC’s “Morning Joe.”

“They can’t be trusted on a wing and a prayer,” Jeffries said.

Read more CNBC government shutdown coverage

Democrats are wary that Trump could torpedo any agreement they reach with Republican lawmakers, as he has done in the past. A bipartisan immigration reform proposal introduced last year, for instance, collapsed after Trump publicly opposed it.

Advertisement

Some Democrats are now calling on Trump to participate in negotiations himself.

“They seem to follow his lead on everything,” Sen. Mark Kelly, D-Ariz., said of his GOP colleagues on CNBC’s “Squawk Box” on Thursday.

“That’s the way this ends,” Kelly said.

Further eroding trust is the Trump administration’s willingness to cancel billions of dollars in funding approved by a bipartisan group of lawmakers, Sen. Chris Coons, D-Del., told reporters.

“There’s been a loss of trust between Senate Democrats and the Administration and the House because of what’s happened over the last six to nine months in terms of respecting bipartisan spending bills that were signed into law last year,” Coons said.

Sen. John Cornyn, R-Texas, accused Senate Minority Leader Chuck Schumer, D-N.Y., of avoiding negotiations in order to appease progressives in his party, who excoriated him after he previously voted to fund the government in March.

“I think he’s afraid to reach some sort of deal like we typically do in these circumstances, because he’ll be attacked by his progressive, radical base,” Cornyn said of Schumer.

Both Cornyn and Schumer were part of the “Gang of Eight” that lead to immigration reform in 2013.

Hawley said that Democrats were comfortable keeping the standoff going.

“I just think that folks seem to be pretty content, particularly Democrats, with leaving the government shut down,” he said.

Advertisement

Democrats have a reason to feel secure, at least for now: Multiple polls show more Americans are blaming Republicans for the shutdown.

The latest CNBC All-America Economic Survey found that 53% of respondents would blame Trump, congressional Republicans or both if the shutdown caused significant economic harm, versus 37% who would blame Democrats.

The survey, which polled 1,000 adults nationwide from Oct. 8-12, carries a margin of error of plus or minus 3.1%.

Source link

Title

This industrial giant is emerging as a big AI play, says Wells Fargo This industrial giant is emerging as a big AI play, says Wells Fargo
News5 months ago

This industrial giant is emerging as a big AI play, says Wells Fargo

  Wells Fargo sees Caterpillar continuing to roar higher, emerging as an artificial intelligence play. The bank initiated shares of...

Novo Nordisk's strategy tested as investors push back on board revamp Novo Nordisk's strategy tested as investors push back on board revamp
News5 months ago

Novo Nordisk’s strategy tested as investors push back on board revamp

    Flags with the logos of Danish drugmaker Novo Nordisk, maker of the blockbuster diabetes and weight-loss treatments Ozempic...

Alibaba plans AI subscriptions, stablecoin-like payments with JPMorgan Alibaba plans AI subscriptions, stablecoin-like payments with JPMorgan
News5 months ago

Alibaba plans AI subscriptions, stablecoin-like payments with JPMorgan

  Key Points Alibaba plans to use “tokenization” of payments for cross-border transactions in its business-to-business arm. Kuo Zhang, president...

Abraham Lincoln set off an education revolution in 1862 with the Land Grant Act. We need the same thing today for AI Abraham Lincoln set off an education revolution in 1862 with the Land Grant Act. We need the same thing today for AI
News5 months ago

UK borrowing costs spike on report government to scrap plans to raise income tax

    Rachel Reeves, U.K. chancellor of the exchequer, delivers a speech in London, UK, on Tuesday, Nov. 4, 2025. Bloomberg...

An Indonesian Unicorn's Vision For Digital Payments An Indonesian Unicorn's Vision For Digital Payments
News5 months ago

Trump’s threatened the BBC with a $1B lawsuit: Here’s what’s going on

    US President Donald Trump speaks to reporters as he arrives at Palm Beach International Airport on Oct. 31,...

We're downgrading a portfolio stock. Plus, what's causing the market's rally We're downgrading a portfolio stock. Plus, what's causing the market's rally
News5 months ago

UBS’s picks for global returns next year

  Investors looking for global diversification opportunities should look to a specific subset of stocks in Europe, according to UBS...

Nvidia will soar nearly 75%, says Loop Capital Nvidia will soar nearly 75%, says Loop Capital
News5 months ago

AI companies admit they’re worried about a bubble

    Eakarat Buanoi | Istock | Getty Images LISBON, Portugal — Top tech executives told CNBC they’re concerned about...

CEO Southeast Asia's top bank DBS says AI adoption already paying off CEO Southeast Asia's top bank DBS says AI adoption already paying off
News5 months ago

CEO Southeast Asia’s top bank DBS says AI adoption already paying off

Tan Su Shan, deputy chief executive officer and managing director of institutional banking at DBS Group Holdings Ltd., speaks during...

China's economic slowdown deepens in October as housing slump worsens and investments shrink more than expected China's economic slowdown deepens in October as housing slump worsens and investments shrink more than expected
News5 months ago

China’s economic slowdown deepens in October as housing slump worsens and investments shrink more than expected

CHENGDU, CHINA – OCTOBER 18: People walk past the Louis Vuitton store at Taikoo Li, a high-end shopping area that...

U.S. to remove tariffs on some products from Ecuador, Argentina, Guatemala and El Salvador U.S. to remove tariffs on some products from Ecuador, Argentina, Guatemala and El Salvador
News5 months ago

U.S. to remove tariffs on some products from Ecuador, Argentina, Guatemala and El Salvador

The United States said Thursday it will remove tariffs on some foods and other imports from Argentina, Ecuador, Guatemala and...

Advertisement