Government Shutdown Ends With Short Term Funding Bill
January 23, 2018
Trump signs bill ending shutdown; PA Supreme Court orders new Congressional districts in advance of 2018 primaries; Rosy IMF growth outlook props up oil prices.
- Trump signs bill ending shutdown. President Trump signed a 3-week short term funding bill to end the government shutdown Monday night, reinstating funding until February 8th. The Senate passed the measure 81-18, and it passed 266-159 in the House of Representatives. Democrats argued they won promises from Senator McConnell that an immigration bill could move to the floor without presidential sign off, but some liberals were critical of the deal the Democrats struck on DACA, CHIP and other issues. [CNN]
- PA Supreme Court orders new Congressional districts in advance of 2018 primaries. In a 5-2 decision, justices of the PA state Supreme Court gave legislators until February 9 to draw up new congressional districts for approval by Governor Wolf (D) or have the court draw the boundaries itself. Republican leaders indicated they’d ask the US Supreme Court to halt the ruling. While the body has already halted a similar decision out of North Carolina, because the PA ruling was in reference to state law rather than federal law, it is unclear the US Supreme Court will intervene. The map must be ready for the May primaries, though it will not affect a Pittsburgh-area special election in March. The lawsuit was first filed by the PA chapter of the League of Women Voters, who argued the map gave Republicans an unfair advantage. [Bloomberg]
Economic Indicators & News
- Rosy IMF growth outlook props up oil prices. Oil prices were north of $70, due to positive economic growth figures from the IMF and a continued expectation of production curbs by OPEC and Russia. The IMF announced Monday that it predicted world economic growth would clock in a 3.9% for 2018, an upward revision from the 3.7% figure they’d announced in October. [Reuters]