Connect with us
  • Loading stock data...

News

Trump calls for U.S. Senate to scrap filibuster rule

Published

on

Republican U.S. President Donald Trump called on Thursday for the removal of the Senate’s filibuster rule, to bypass a Democratic roadblock during a government shutdown now in its 30th day.

The filibuster is the Senate rule for agreement by 60 of its 100 members to pass most legislation. Republicans hold a 53-47 majority in the Senate and a 219-213 majority in the House of Representatives.

“It is now time for the Republicans to play their “TRUMP CARD,” and go for what is called the Nuclear Option — Get rid of the Filibuster, and get rid of it, NOW,” Trump wrote on social media.

There was no end in sight on Thursday to the partial shutdown, as Senate Republicans urged Democrats to support a stopgap funding measure through November 21 while the latter demanded negotiations to extend expiring federal tax credits.

Such credits help Americans buy private health insurance coverage through the Affordable Care Act.

The shutdown began on October 1, the first day of the 2026 federal fiscal year, because congressional Republicans and Democrats failed to agree on legislation to fund government services.

The shutdown could cost the U.S. economy between $7 billion and $14 billion, shaving up to 2% from gross domestic product in the fourth quarter due to the lapse in government spending, the nonpartisan Congressional Budget Office said on Wednesday.

“Well, now WE are in power, and if we did what we should be doing, it would IMMEDIATELY end this ridiculous, Country destroying ‘SHUT DOWN,’” Trump posted on Thursday.

Advertisement

About 750,000 federal workers have been furloughed since government funding ended. The Trump administration has taken steps to pay troops, federal law enforcement and immigration officers, but other federal employees are working without pay.

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