• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

Shutdown averted after Schumer caves and backs Trump spending bill

by March 15, 2025
written by March 15, 2025

A government shutdown was averted just hours before the Friday 11:59 p.m. deadline after enough Democrats, including Senate Minority Leader Chuck Schumer, D-N.Y., helped Republicans defeat the filibuster. 

Senators voted 54-46 to pass the stopgap spending bill, which only needed 51 votes to be approved. Nearly all Republicans backed the measure, with only Sen. Rand Paul, R-Ky., opposing. All Democrats opposed it, with the exception of Sen. Jeanne Shaheen, D-N.H. Independent Sen. Angus King of Maine, who caucuses with the Democrats, also voted to pass the bill.

It now heads to President Donald Trump’s desk for a signature. 

The Senate earlier took a key procedural vote on a stopgap spending bill, which needed to meet a 60-vote threshold to move forward, also known as the legislative filibuster. 

House Republicans passed the short-term bill, called a continuing resolution, earlier in the week. The bill will keep spending levels the same as fiscal year (FY) 2024 until Oct. 1. 

If a spending bill was not passed by the Friday deadline, the government would enter into a partial shutdown.

During a partial government shutdown, federal agencies and non-essential services would be halted. However, government functions deemed ‘essential’ would continue. National security protocols, such as border patrol, law enforcement and disaster response, stay active during shutdowns, for example. 

The Friday evening vote to pass the six-month CR came after a critical procedural vote earlier in the afternoon. A handful of Senate Democrats provided the Republican majority with the necessary votes to overcome the filibuster and move forward with the stopgap spending bill. 

Deep divisions emerged within the Democratic Party over the past couple of days, with even House Minority Leader Hakeem Jeffries, D-N.Y., refusing to answer questions about whether he had confidence in Schumer. 

In one of several Senate caucus meetings, a senator yelled loud enough that it was heard outside of heavy, thick wooden doors. The voice was identified by the press as belonging to Sen. Kirsten Gillibrand, D-N.Y., but her office would not confirm. 

Prior to its passage, Sen. John Fetterman, D-Pa., criticized his fellow Democrats for their planned ‘no’ votes that risked a government shutdown. 

‘It wasn’t that long ago before we were lecturing that you can never shut the government down. So, that’s kind of inconsistent,’ he told reporters on Thursday.

Ahead of the final vote, 10 Democrats joined nearly all Republicans to overcome the legislative filibuster. Those senators were Senate Minority Leader Chuck Schumer, D-N.Y., Senate Minority Whip Dick Durbin, D-Ill., and Sens. Angus King, I-Maine, Brian Schatz, D-Hawaii, Catherine Cortez Masto, D-Nev., John Fetterman, D-Pa., Gary Peters, D-Mich., Maggie Hassan, D-N.H., Kirsten Gillibrand, D-N.Y., and Jeanne Shaheen, D-N.H.

The senators managed to beat the 60-vote threshold, with an ultimate margin of 62-38. 

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
FBI investigating rise in swatting incidents after several conservatives targeted, Kash Patel says
next post
Grenell developing ‘common sense’ plan to turn Kennedy Center financials around

related articles

Sen Mazie Hirono trolled for admitting Trump not...

March 29, 2026

African nation calls for Ilhan Omar to be...

March 29, 2026

Scathing report claims nation’s oldest labor union ‘betrayed’...

March 29, 2026

Supreme Court prepares to review Trump executive order...

March 29, 2026

Jeffries declines to break with indicted Democrat after...

March 28, 2026

Scouting America moves to shed ‘woke’ label with...

March 28, 2026

‘No Kings’ calls itself leaderless, but its own...

March 28, 2026

JD Vance says he was ‘obsessed’ with UFOs,...

March 28, 2026

Biden judge freezes Trump administration’s move against AI...

March 27, 2026

‘Ship has sailed’: This is what Dems won’t...

March 27, 2026
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • How the Democratic Party’s war on populism led to its self-destruction

    July 14, 2024
  • President Trump tells Netflix to fire Susan Rice or ‘pay consequences’

    February 22, 2026
  • Eli Lilly’s $123 billion market value drop: A strategic buying opportunity?

    July 30, 2024
  • PayPal attracts unsolicited takeover interest: who might be mystery buyer?

    February 23, 2026
  • Greek man convicted for sneaking onto neighbors’ properties to smell their shoes

    October 20, 2024

Popular Posts

  • 1

    District judges’ orders blocking Trump agenda face hearing in top Senate committee

    April 2, 2025
  • 2

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 3

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 4

    CoreWeave eyes $1.5B bond raise to ease debt load following lacklustre IPO: report

    May 9, 2025
  • 5

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024

Categories

  • Economy (829)
  • Editor's Pick (8,412)
  • Investing (1,448)
  • Stock (1,000)

Latest Posts

  • Why Tesla stock is surging on Tuesday

    March 10, 2026
  • Here’s why banks don’t want the CFPB to disappear

    March 10, 2025
  • Dem senator puts Trump on notice over ‘unlawfully collected’ tariff funds after Supreme Court loss

    February 26, 2026

Recent Posts

  • S&P 500 and Nasdaq under pressure from global events

    August 6, 2024
  • Democrats don’t need a ‘left-wing’ Joe Rogan, they need to win back the real one

    May 25, 2025
  • With 17 days until voting starts, ‘election season’ kicks off sooner than you think

    August 20, 2024

Editor’s Pick

  • Boeing sweetens offer to union as strike enters second week

    September 24, 2024
  • S&P and Dow Jones futures fall as Trump tariffs revive uncertainty

    February 23, 2026
  • Bill Ackman aims for $2 billion in Pershing Square IPO, scaling back from initial $25 billion target

    July 30, 2024
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock