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U.S. Government to Re-open for at least Three Weeks

President Trump and congressional leaders reached a deal on 25 January that will allow the federal government to re-open for business for three weeks (through 15 February). During that time, the two sides will try to negotiate a deal to end the current stand-off on border security funding. If a deal is not reached by the end of the three-week period, the government would shut down again unless an extension is agreed upon.

It is worth noting that the president backed off from his initial stance of not re-opening the government until he was granted US$5.7 billion in funds for a wall on the border with Mexico. It appears that this shift was prodded by mounting pressure from within his party in combination with the increasingly damaging impact of the shutdown, including growing air travel delays.

Content provided by Picture: HKTDC Research
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