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House passes bill that would end shutdown, but Senate unlikely to take up

The U.S. Capitol building is seen as a partial government shutdown enters its 19th day on Capitol Hill in Washington, U.S., January 9, 2019. REUTERS/Jonathan ErnstWASHINGTON (Reuters) - The U.S. House of Representatives on Wednesday passed legislation to end a partial shutdown of the Treasury Department and some other agencies, but without any money for President Donald Trump’s border wall. By a vote of 240-188 along mostly partisan lines, the House passed the bill and sent it to the Republican-controlled Senate as part of Democrats’ latest strategy to end partial government shutdowns at many federal agencies that began on Dec. 22. Senate Majority Leader Mitch McConnell has…

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Scenarios: How U.S. shutdown over border wall fight might play out

WASHINGTON (Reuters) - As the partial U.S. government shutdown neared the end of its 19th day, President Donald Trump and congressional Democrats were still divided over his demands for funding a U.S.-Mexico border wall, with a prompt resolution looking unlikely. U.S. President Donald Trump speaks to reporters between U.S. Senate Majority Leader Mitch McConnell (R-KY) (R) and Sen. John Barrasso (R-WY) (L) after Trump addressed a closed Senate Republican policy lunch while a partial government shutdown enters its 19th day on Capitol Hill in Washington, U.S., January 9, 2019. REUTERS/Leah MillisTrump walked out of negotiations with Democrats on Wednesday, according to Senate Democratic leader Chuck Schumer. The…

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‘My mortgage is due’ Some U.S. federal workers seek shutdown cash

NEW YORK (Reuters) - About 1,000 furloughed federal workers have turned to online fundraising to help cover their expenses as a partial shutdown of the U.S. government drags on for nearly three weeks, a spokeswoman for GoFundMe.com said on Wednesday. The U.S. Capitol is seen beyond a traffic barrier during the partial government shutdown in Washington, U.S., January 8, 2019. REUTERS/Kevin LamarqueSome 800,000 federal employees have been ordered to stay home or work without pay because of the standoff between U.S. President Donald Trump and Congress over Trump’s demand for $5.7 billion to build a wall on the southern U.S. border - a promise he made in…

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Trump storms out of talks on shutdown, bemoans ‘total waste of time’

WASHINGTON (Reuters) - U.S. President Donald Trump stormed out of talks with Democratic congressional leaders on Wednesday over funding for a border wall with Mexico and reopening the government, complaining the meeting at the White House was “a total waste of time.” On the 19th day of a partial government shutdown caused by the dispute over the wall, a short meeting that included Trump, House of Representatives Speaker Nancy Pelosi and Senate Democratic leader Chuck Schumer ended in acrimony with no sign of a resolution. “Just left a meeting with Chuck and Nancy, a total waste of time,” Trump wrote on Twitter. “I asked what is going…

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Running out of reasons to rally, U.S. dollar set to slip: Reuters poll

BENGALURU (Reuters) - The U.S. dollar’s rally is largely over, according to about two-thirds of currency strategists polled by Reuters who said a dialing-back of rate hike expectations has diminished the greenback’s edge over its peers. An employee of a bank counts US dollar notes at a branch in Hanoi, Vietnam May 16, 2016. REUTERS/KhamAfter racking up its best performance last year since 2015, the dollar has lost momentum in recent weeks as the Federal Reserve signaled fewer interest rate hikes over the next two years and expressed caution about the U.S. economic outlook. The Jan. 2-9 poll of 75 analysts showed the dollar is now forecast…

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China’s ‘flash boys’ hedge funds eye end to hiatus

HONG KONG/SHANGHAI (Reuters) - China’s data-driven “flash boys” - hedge fund managers who for years have been handicapped by government curbs on tools to short-sell stocks - are dusting off high-speed trading products as Beijing revives the country’s financial derivatives market. FILE PHOTO: A man walks at the Lujiazui financial district of Pudong in Shanghai, China July 17, 2017. REUTERS/Aly Song/File PhotoChina’s financial futures exchange last month relaxed trading rules on stock index futures and vowed to boost liquidity of that market, while the country’s two largest stock exchanges said they aimed to launch new stock index option products this year. That is music to the ears…

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California Republicans object after Trump threatens wildfire aid

SACRAMENTO/WASHINGTON (Reuters) - U.S. President Donald Trump lashed out once more at California on Wednesday for a series of devastating wildfires he blames on poor forest management, threatening to withhold federal disaster aid in a Twitter blast that drew rebukes from lawmakers in his own party. But Trump’s tweet, the latest of several in recent months accusing California of bringing wildfires on itself, appeared to be a largely empty ultimatum, presuming presidential authority he lacks under federal statutes. One such law expressly bars the president from acting to “delay or impede” disaster relief once a federal emergency or disaster declaration has been made. Trump’s threat to withhold…

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