Democrats in the Senate voted with Republicans Friday to avoid a government shutdown. Progressives in the House weren’t happy about Minority Leader Chuck Schumer and nine other Democrats joining with the GOP to pave the way for passage of the stopgap spending bill, while President Trump congratulated Schumer on social media, calling his vote a “really good and smart move.” WRCR market analyst Connor Mahoney of Mahoney Asset Management says the vote isn’t worrying Wall Street, as other issues, such as tariffs…
Ann Zeilingold of FM Home Loans in New City says the chaos in the markets is doing well for mortgage rates, but it’s affecting consumers differently…
The spending plan increases defense funding by $6 billion and slashes $13 billion from non-defense funding, maintaining 2024 levels of government spending through September 30th. It passed the final Senate vote 54-46 and was signed by the president on Saturday.