Business & Economy

On The Money: Trump agrees to end shutdown without wall funding | Senate quickly clears short-term funding measure | House to vote tonight | Federal workers could get back pay within days | Dems take victory lap

Happy Friday and welcome back to On The Money. I’m Sylvan Lane, and here’s your nightly guide to everything affecting your bills, bank account and bottom line.

See something I missed? Let me know at slane@digital-staging.thehill.com or tweet me @SylvanLane. And if you like your newsletter, you can subscribe to it here: http://bit.ly/1NxxW2N.

 

Write us with tips, suggestions and news: slane@digital-staging.thehill.com, vneedham@digital-staging.thehill.com, njagoda@digital-staging.thehill.com and nelis@digital-staging.thehill.com. Follow us on Twitter: @SylvanLane,  @VickofTheHill, @NJagoda and @NivElis.

 

THE BIG DEAL–Trump agrees to end shutdown without getting wall funding: President Trump said Friday he will back a short-term funding bill to reopen the government that does not include funds to construct a wall along the southern border, bowing to mounting pressure fueled by growing disruptions from the lengthy shutdown.

{mosads}”I am very proud to announce today that we have reached a deal to end the shutdown and re-open the federal government,” Trump said.

The deal, announced by Trump from the Rose Garden of the White House, amounts to a victory for Democrats who have refused the president’s demand for $5.7 billion in wall funding. Trump had said for weeks he would not reopen the government without that money. The Hill’s Jordan Fabian and Brett Samuels break it down here.

 

During his speech, Trump also delivered an extended, apparently ad-libbed warning about the consequences of failing to secure the southern border, The Hill’s Brett Samuels reports.

At one point during his remarks, the teleprompter in the White House Rose Garden stopped as it read “Talk about Human Trafficking.”

For roughly two minutes, Trump gave a graphic description of people being brought across borders against their will in a modern form of slavery, describing women bound and with duct tape covering their mouths.

“They can’t come through the port because if they come through a port people will see four women sitting in a van with tape around face and around their mouth,” Trump said. “We can’t have it.”

 

Congress is working quickly to end the shutdown…

 

Senate votes to reopen government: The Senate on Friday afternoon easily advanced a three-week funding bill to fully reopen the federal government hours after President Trump agreed to end the shutdown without securing money for a border wall.

The funding legislation cleared the chamber by a voice vote.

Senate Majority Leader Mitch McConnell (R-Ky.) quickly endorsed the short-term plan on Friday, saying it would provide “room to negotiate a funding bill for the Department of Homeland Security.” McConnell had voted against a two-week CR the previous day.

“Going forward, I hope our Democratic friends will stay true to the commitment they’ve stated constantly over the past weeks, that once government was reopened they’d be perfectly willing to negotiate in good faith on a full-year government funding that would include a significant investment in barriers,” McConnell said.

 

The House is expected to vote later this evening. Check back at TheHill.com tonight for the latest.

 

Pelosi says no date yet for State of the Union: Speaker Nancy Pelosi (D-Calif.) said there are no plans to move forward with the State of the Union next Tuesday, despite President Trump’s announcement that he would sign a short-term measure reopening the government.

“The State of the Union is not planned now,” Pelosi told reporters at a press conference Friday.

“What I said to the president is when the government is open we will discuss a mutually agreeable date and I’ll look forward to doing that and welcoming the president to the House of Representatives when we mutually agree on that date.”

Pelosi retracted President Trump’s invitation to deliver the address in the House on Wednesday, saying it should take place after the government is open.

 

Dems rip, mock Trump: After 35 days of a partial government shutdown, the longest in modern federal budgeting history, Democratic lawmakers jumped at the chance to blast Trump after he came away with apparently little to show for it.

 

How we got here: Trump had been facing mounting political and economic pressure to end the shutdown for weeks, but a confluence of events leading up to Friday might have been enough to break the stalemate.

 

Federal workers could get their back pay within days: Federal employees who have been furloughed or forced to work without pay during the shutdown could receive back pay within days of President Trump signing a deal to end the stalemate.

Trump signed a bill last Wednesday ordering federal agencies to issue back pay to workers “at the earliest date possible.” That’s largely dependent on how quickly each agency can process its payroll backlog, according to a senior administration official.

{mossecondads}”Recognizing the urgency of getting federal employees paid quickly, the administration is taking steps to ensure that they receive pay as soon as possible,” said the administration official. “Since specific payroll issues vary by agency, employees can find more information about paycheck details by reaching out to their agency.”

Some federal employees have been told they can expect to be paid soon after the president signs a funding bill.

 

Recap the week with On The Money