September 29, 2025: No Deal After Shutdown Meeting, Trump Gaza Plan, More
episodePreviously titled “No Deal After Shutdown Meeting, Trump Gaza Plan, More” — renamed by the publisher on Aug 2, 2026
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News when you want it with Bloomberg News Now, I'm Doug Krisner. The countdown is on for Congress to pass a spending bill to avoid a government shutdown. Now, government funding is set to expire at 12.01 a.m. Wednesday unless Congress passes a short-term spending bill. Late Monday, after meeting with President Trump at the White House, congressional leaders left no closer to resolving demands from Democrats. They want to extend health care subsidies and to reverse cuts to Medicaid funding included in Trump's signature tax legislation passed earlier this year. Here is House Minority Leader Hakeem Jeffries speaking to reporters after that meeting.
House Democrats are here. Senate Democrats are here. The Senate is ready to act. House Republicans cancel votes. They're on vacation right now all across the country, and some are spread out across the world. If House Republicans were serious, they'd be here right now. And there was no explanation in that meeting from the Speaker of the House of Representatives as to how possibly votes could be canceled. And at the same time, People are supposed to believe that Republicans are serious about addressing the health care crisis that they've caused, but simply want to kick the can down the road and expect us to take a Hail Mary promise.
That is House Minority Leader Hakeem Jeffries. Meantime, Vice President J.D. Vance said he believes the U.S. is headed toward a shutdown.
So if they want to talk about how to fix American health care policy, let's do it. The Speaker would love to do it. The Senate Majority Leader would love to do it. Let's work on it together. But let's do it in the context of an open government that's providing essential services to the American people. That's all that we're proposing to do. And the fact that they refuse to do that shows how unreasonable their position is.
What is the current status of the government shutdown negotiations?
I think we're headed into a shutdown because the Democrats won't do the right thing. I hope they change their mind, but we're going to see.
Vice President J.D. Vance speaking there. Now, a shutdown would delay the release of some key economic indicators, and that would include the monthly employment report scheduled for release Friday morning. And at the same time, temporary furloughs would hit hundreds of thousands of federal workers, and other government employees would be forced to work without pay to continue essential services. Staying in Washington, President Trump and Israeli Prime Minister Netanyahu say they have agreed to a 20-point plan designed to end the war in Gaza. This plan stipulates the conflict would end immediately if accepted by both Israel and Hamas. All hostages living and dead would be returned within 72 hours in exchange for Palestinian prisoners.
And a panel of experts would be convened to rebuild and energize Gaza. Here is President Trump.
This afternoon, after extensive consultation with our friends and partners throughout the region, I'm formally releasing our Principles for Peace, which people have really liked, I must say. And these are done not just routinely done, these are done with total and total consideration and working with the nations that we're talking about. All of these nations have made contributions to those suggestions.
President Trump went on to say that Hamas has to accept the proposal. Here is Netanyahu speaking about the plan. If Hamas rejects your plan, Mr. President, or if they supposedly accept it and then basically do everything to counter it, then Israel will finish the job by itself.
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