Coinpedia
BTC
$97,245
+2.5%
ETH
$3,642
+1.8%
BNB
$672
+3.2%
SOL
$248
+4.1%
XRP
$2.85
+5.3%
ADA
$1.24
+2.9%
DOGE
$0.42
+6.2%
LINK
$28.50
+1.5%
BTC
$97,245
+2.5%
ETH
$3,642
+1.8%
BNB
$672
+3.2%
SOL
$248
+4.1%
XRP
$2.85
+5.3%
ADA
$1.24
+2.9%
DOGE
$0.42
+6.2%
LINK
$28.50
+1.5%
News

U.S. Senate Passes Controversial Bill to Avoid Government Shutdown

Nidhi Kolhapur15 Mar 20253 min read

The U.S. Senate narrowly avoided a government shutdown on Friday, passing a Republican-led spending bill just before the midnight deadline. The vote was 62-38, with 10 Democrats siding with nearly all Republicans. But while the bill kept the government running, it exposed deep divisions within the Democratic Party – especially when it comes to handling Donald Trump’s influence.

Behind the scenes, tensions ran high. Some Democrats wanted to take a stand against the GOP, while others feared the consequences of a shutdown. Senate Majority Leader Chuck Schumer was caught in the middle, making a strategic move that surprised many. So, why did he support the bill?

Schumer’s Quiet Strategy

Senate Majority Leader Chuck Schumer faced pressure from progressives and House Democrats to oppose the GOP-backed bill. However, he stayed quiet about his stance all week. On Thursday, he finally announced his support, giving other Democrats the green light to follow. This move helped reduce the risk of a shutdown during uncertain economic times.

Schumer admitted the bill wasn’t ideal but argued that shutting down the government would give Trump and his allies too much power.

The Democrats Who Voted With Republicans

Nine Senate Democrats joined Schumer in supporting the bill, temporarily giving up some leverage over Trump. These lawmakers included moderates, Schumer’s close allies, senators from states with many federal workers, and those nearing retirement. They agreed with Schumer that preventing a shutdown was the better option, fearing that Trump and Elon Musk could use the crisis to gain even more control.

Schumer warned that the future of government funding was now in the hands of Trump, Musk, and their allies. He cautioned that if a shutdown happened, it could last six to nine months and create serious instability.

Some Democrats criticized him for giving up too soon, saying he missed a rare chance to pressure Republicans after the House passed the GOP’s spending bill with Trump’s backing.

“I’ll Take Some Bullets,” Says Schumer

The vote largely followed party lines, 54-46, leaving many Democrats frustrated. They argued the bill failed to address key issues like healthcare and housing.

Schumer acknowledged the criticism but stood by his decision. “I’ll take some of the bullets,” he said, accepting that both moderates and progressives would be unhappy. The nine Democratic senators who voted with him may also face political consequences, but none are expected to have immediate election challenges.

House Democrats Frustrated Over Schumer’s Move

House Democrats, who had earlier rejected the bill, were upset with Schumer’s decision. Leaders like Hakeem Jeffries wanted a short-term funding bill to allow more time for negotiations. They argued the GOP bill gave Trump too much power while cutting critical services, including funding for Washington, D.C.

Senate Republicans, including John Thune, defended the bill, saying Democrats failed to complete last year’s budget, making another stopgap measure necessary.

Despite criticism from some Democrats, the White House stood by Schumer. The president praised him for making a “bold and courageous” choice, showing his approval of the compromise.

Never Miss a Beat in the Crypto World!

Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

#Crypto news#Crypto Regulations
Nidhi Kolhapur
Nidhi Kolhapur

Author

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

More in News

News

Kava Price Prediction 2029, 2027 – 2030: Will KAVA Price Shoot To $1?

Kava Network positions itself as a hybrid Layer-1 blockchain combining the developer flexibility of Ethereum with the speed and interoperability of Cosmos. Its unique co-chain architecture allows Ethereum Virtual Machine (EVM) compatibility alongside Cosmos SDK infrastructure, aiming to deliver high performance with low fees. Now that the KAVA token is trading near $0.045, investors are questioning whether Kava can …

Qadir AK·27 Aug 20261 min

News

XRP News Today: 44 Million Rakuten Pay Users Get Direct Access to XRP in Biggest Japan Rollout Yet

Bankless co-founder David Hoffman recently disclosed that he has sold his entire Ethereum holding, a move that caught the crypto community off guard, given that Hoffman spent years promoting the concept of ETH as money and was one of the ecosystem’s most recognisable voices Bankless co-founder David Hoffman recently disclosed that he has sold his entire Ethereum holding, a …

Qadir AK·19 Jun 20262 min

News

Ethereum Crashes 60% As Analysts Dump ETH And Rotate Into These Altcoins

Table of ContentsWhy Hoffman SoldA Second ExitEthereum Market OutlookInstitutional DemandLayer-2 GrowthWhat This Means For ETH HoldersKey Levels To Watch Bankless Test co-founder David Hoffman recently disclosed that he has sold his entire Ethereum holding, a move that caught the crypto community off guard, given that Hoffman spent years promoting the concept of ETH as money and was …

Qadir AK·4 Jun 20262 min