On Wednesday night, the House of Representatives passed a short-term funding bill to end the longest government shutdown in U.S. history, bringing an end to 42 days of political stalemate.
House Votes To Reopen Government After Weeks Of Stalemate
The House approved the stopgap measure after the Senate reached a bipartisan deal earlier in the week, paving the way for President Donald Trump to sign it into law, reported Associated Press.
The White House is set to hold a bill signing ceremony in the Oval Office at 9:45 p.m. ET.
"My friends, let's get this done," House Speaker Mike Johnson (R-La.) said shortly before the vote.
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Why The Government Shutdown Began
The shutdown, which began Oct. 1, stemmed from a partisan dispute over extending enhanced tax credits that help 20 million Americans afford health insurance through Affordable Care Act marketplaces.
Senate Republicans agreed to give Democrats a December vote on extending the subsidies in exchange for support to reopen the government.
Stock Futures Rise As Dow, S&P 500 And Nasdaq Gain Ground
Stock futures edged higher Wednesday evening, with Dow futures climbing 99 points, or 0.21%, to 48,463. S&P 500 futures rose 11.75 points, or 0.18%, to 6,887.50, while Nasdaq futures advanced 86.50 points, or 0.33%, to 25,709.50 at the time of writing.
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