*By Carlo Versano*
President Trump announced on Friday that he reached a tentative deal with Democrats to reopen the government temporarily while the two sides continue to negotiate on border security.
The continuing resolution would fund the government at current levels for three weeks, until Feb. 15. It reportedly does not include any funding for the border wall. While Trump framed the deal as a victory, he was essentially agreeing to the same proposal that was offered by Democrats before the shutdown, which he had rejected.
Trump thanked federal workers, some of whom have been forced to visit food banks as they missed paychecks, and promised they would receive back pay "very quickly."
After 35 days of a government shutdown that left 800,000 furloughed federal workers without pay and strained the nation's law enforcement, air travel, food safety, and border security agencies, the president essentially backed off his promise that he would only re-open the government if Congress agreed to appropriate billions for a wall. House Speaker Nancy Pelosi had said Trump would get "nothing for the wall."
In his Rose Garden announcement, Trump said he would ask Sen. Majority Leader Mitch McConnell to hold a vote on the continuing resolution immediately. He then delivered an extended off-prompter riff on border security, repeating many of his claims that a wall would drastically reduce crime and drug use in the U.S. "Walls should not be controversial," Trump said.
"This is an opportunity for all parties to work together for the benefit of our whole, beautiful, wonderful nation."
Afterward, Nancy Pelosi told reporters she was "glad we gave come to a conclusion today."
Sen. Chuck Schumer added: "Hopefully, the president learned his lesson."
A new poll finds most U.S. adults are worried about health care becoming more expensive.
The White House budget office says mass firings of federal workers have started in an attempt to exert more pressure on Democratic lawmakers as the government shutdown continues.
President Donald Trump says “there seems to be no reason” to meet with Chinese leader Xi Jinping as part of an upcoming trip to South Korea after China restricted exports of rare earths needed for American industry. The Republican president suggested Friday he was looking at a “massive increase” of import taxes on Chinese products in response to Xi’s moves. Trump says one of the policies the U.S. is calculating is "a massive increase of Tariffs on Chinese products coming into the United States." A monthslong calm on Wall Street was shattered, with U.S. stocks falling on the news. The Chinese Embassy in Washington hasn't responded to an Associated Press request for comment.
Most members of the Federal Reserve’s interest-rate setting committee supported further reductions to its key interest rate this year, minutes from last month’s meeting showed.
From Wall Street trading floors to the Federal Reserve to economists sipping coffee in their home offices, the first Friday morning of the month typically brings a quiet hush around 8:30 a.m. eastern, as everyone awaits the Labor Department’s monthly jobs report.
The Supreme Court is allowing Lisa Cook to remain as a Federal Reserve governor for now.
Rep. John Moolenaar has requested an urgent briefing from the White House after Trump supported a deal giving Americans a majority stake in TikTok.
A new report finds the Department of Government Efficiency’s remaking of the federal workforce has battered the Washington job market and put more households in the metropolitan area in financial distress.
A new poll finds U.S. adults are more likely than they were a year ago to think immigrants in the country legally benefit the economy. That comes as President Donald Trump's administration imposes new restrictions targeting legal pathways into the country. The Associated Press-NORC Center for Public Affairs Research survey finds Americans are more likely than they were in March 2024 to say it’s a “major benefit” that people who come to the U.S. legally contribute to the economy and help American companies get the expertise of skilled workers. At the same time, perceptions of illegal immigration haven’t shifted meaningfully. Americans still see fewer benefits from people who come to the U.S. illegally.
Shares of Tylenol maker Kenvue are bouncing back sharply before the opening bell a day after President Donald Trump promoted unproven and in some cases discredited ties between Tylenol, vaccines and autism. Trump told pregnant women not to use the painkiller around a dozen times during the White House news conference Monday. The drugmaker tumbled 7.5%. Shares have regained most of those losses early Tuesday in premarket trading.
