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The most extended US government closure in history is finally positioned to conclude, with the House of Representatives passing a disputed funding measure on Wednesday.
This measure is now on its way to US President Donald Trump, who is anticipated to endorse it Wednesday evening.
Both Democratic and Republican legislators vigorously deliberated the measure in the House of Representatives, prior to a final vote that eventually resulted in approval for the measure, with 222 votes supporting it and 209 opposing.
As per a statement acquired by Fox News Digital, US President Donald Trump has already signaled that he will endorse the measure, which would formally conclude the closure. The BBC informs that Trump intends to sign the measure at 9:45 pm local time during a private dinner with business executives.
“The Administration encourages every Member of Congress to endorse this prudent, good faith proposal to finally terminate the longest closure in history,” the statement expressed.
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The funding measure would finance the majority of the government’s expenditures until the end of January next year.
The measure witnessed neither faction of the political spectrum willing to compromise. Democrats were urging to halt the measure, demanding additional funding for healthcare and the cost-of-living crisis. Republicans were disinclined to address these issues within the measure, instead insisting on reopening the government and promising to tackle these concerns afterward.
The government closure has obstructed the advancement of crypto measures and has also left a considerable number of spot-crypto exchange-traded fund applications resting on the Securities and Exchange Commission’s desk.
Meanwhile, other measures — such as the comprehensive market structure proposal — that have made some progress during the closure, will now be able to gain additional momentum.
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