"U.S. stocks pointed to sharp gains Sunday evening as a report said Republicans in Congress are poised to advance a bill that would end the government shutdown. Sources told ABC News that there are more than enough Democratic votes in the Senate to clear a procedural hurdle on a short-term bill that would end the longest-ever shutdown. The breakthrough comes as SNAP payments have been on hold after a brief respite,"
"Futures tied to the Dow Jones industrial average jumped 134 points, or 0.28%. S&P 500 futures were up 0.45%, and Nasdaq futures added 0.64%. The yield on the 10-year Treasury rose 3.5 basis points to 4.128%. The U.S. dollar was up 0.14% against the euro and up 0.27% against the yen. Gold rose 0.35% to $4,023.90 per ounce. U.S. oil futures were flat at $59.77 a barrel, and Brent crude were little changed at $63.62."
"The bill would extend current funding through Jan. 31 and pay for SNAP and Veterans Affairs for the rest of the fiscal year, which ends next September, ABC News said. Democrats would not get an extension of Affordable Care Act subsidies, which expire at the end of the year and was their core demand during the shutdown. Instead, they will get a promise that the Senate will vote on extending the subsidies before the end of the year,"
Republicans are moving to advance a short-term bill to end the government shutdown and extend funding through Jan. 31 while funding SNAP and Veterans Affairs for the fiscal year. There are sufficient Senate Democratic votes to clear a procedural hurdle, but Democrats will not receive an extension of Affordable Care Act subsidies, only a promised Senate vote on subsidies before year-end. Many Senate Democrats are expected to oppose the measure and will make subsidies a midterm campaign issue. SNAP payments remain on hold and extensive travel disruptions prompted warnings; markets showed gains in futures and mixed moves in yields, currencies, gold, and oil.
Read at Fortune
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