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What impact does the end of the government shutdown have on the economy?
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News when you want it with Bloomberg News Now. I'm Karen Moscow. We have another busy morning for earnings and we'll take a look at some of those in just a moment. But first, the partial government shutdown is over.
President Trump has signed his deal with Senate Democrats to reopen most of the government through September 30th, but with less than two weeks of funds for the Department of Homeland Security.
This bill is a great victory for the American people. Instead of a bloated and wasteful omnibus monstrosity full of special interest handouts, we've succeeded in passing a fiscally responsible package.
That was President Trump at the Oval Office bill signing that was heard live on Bloomberg Radio. Bloomberg's Eric Wasson reports lawmakers will not have much time to negotiate new limits on immigration enforcement.
The Department of Homeland Security could run on, you know, sort of a mini shutdown for a while. ICE agents, Border Patrol will continue to be paid from the one big, beautiful tax bill money. But, you know, you would see, you know, FEMA workers and TSA workers missing a paycheck that's due on February 17th. So this is going to be unpleasant for those individuals.
Bloomberg's Eric Wasson reports that partial shutdown for DHS would begin after February 13th, nine days from now, if lawmakers don't reach a deal. Bill and Hillary Clinton have agreed to testify on Capitol Hill at the end of the month about their ties to Jeffrey Epstein. The House Oversight Committee says the closed-door depositions will take place February 26th and 27th.
The Clintons had faced a criminal contempt vote in the House if they kept defying the committee's subpoenas. President Trump commented about it at the Oval Office.
I think it's really time for the country to get onto something else. Now that nothing came out about me other than it was a conspiracy against me, literally by Epstein and other people.
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