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Congress negotiators struggle to reach border security deal

FILE PHOTO: Construction on the border wall with Mexico (top) is shown in New Mexico near Sunland Park, New Mexico, U.S. June 18, 2018. REUTERS/Mike Blake/File Photo

By Susan Cornwell and Richard Cowan

WASHINGTON (Reuters) – With little time remaining, congressional negotiators on U.S. border security funding have not settled the hot-button issues they hope to resolve, as some liberal Democrats potentially complicated their work by pressing for cuts in homeland security spending.

Congressional aides on Monday said that while constructive negotiations were held by staffers over the past weekend, it is now up to the lawmakers themselves to tackle the thorniest disagreements before a Feb. 15 deadline.

Seventeen Republican and Democratic members of the Senate and House of Representatives are tasked with finding a compromise border security deal with the allocation of Department of Homeland Security funds through Sept. 30.

The toughest unresolved disputes include the type of new physical barriers along the U.S.-Mexico border, if any, as President Donald Trump demands $5.7 billion for a wall that most Democrats and many Republicans oppose as wasteful and ineffective.

Other difficult questions, according to the aides, including whether to increase or cut funds for immigrant detention beds and the numbers of immigration law-enforcement agents and immigration judges.

Democrats had been backing legislation providing up to $1.6 billion for additional fencing on some parts of the southwestern border, far below Trump’s request for a wall that he originally envisioned as a 2,000 mile (3,200 km) concrete barrier.

But new fencing money was not included in an initial proposal Democrats sketched out last week, which did, however, call for a $589 million increase in DHS’s budget.

Representative Pramila Jayapal, co-chair of the liberal Congressional Progressive Caucus, told reporters she agreed with sentiments expressed in a letter circulated by four members of that group, which seeks Department of Homeland Security funding cuts.

Dated Jan. 29, the letter said the Trump administration had “abused their authority and the fidelity of public resources,” with initiatives that included separating immigrant children from their families. One of the signatories was Representative Alexandria Ocasio-Cortez, part of a new crop of Democrats swept into office this year on a strong liberal platform.

Trump has argued that additional DHS funding was necessary to stop illegal drugs and undocumented immigrants, touting a massive wall as the linchpin.

He has threatened to either let several federal agencies shut down for the second time this year if no deal is reached, or declare a “national emergency” that he says would allow him to build the wall with already-appropriated funds not necessarily related directly to border security.

(Reporting by Susan Cornwell and Richard Cowan; Editing by Susan Thomas)

Trump to meet lawmakers at White House as shutdown enters 25th day

FILE PHOTO: U.S. President Donald Trump speaks during a "roundtable discussion on border security and safe communities" with state, local, and community leaders in the Cabinet Room of the White House in Washington, U.S., January 11, 2019. REUTERS/Leah Millis

WASHINGTON (Reuters) – President Donald Trump will meet members of Congress at the White House on Tuesday as the partial U.S. government shutdown enters a 25th day without resolution amid a standoff over border wall funding.

Trump is scheduled to host the lawmakers for lunch, according to his public schedule, which did not say who was attending. Moderate House Democrats were invited, CNN and Politico reported.

Representatives for the White House and congressional leaders did not immediately respond to a request for comment.

Neither Trump nor Democratic leaders in Congress have shown signs of bending on wall funding but the Washington Post on Monday reported a new bipartisan group of U.S. senators is searching for an agreement that could help end the partial shutdown.

Trump, who has demanded $5.7 billion from Congress to build his long-promised wall along the U.S.-Mexican border, on Monday rejected a call by fellow Republicans to temporarily reopen the government while talks continue on border security issues.

He campaigned in 2016 on a promise of building a wall to stop illegal immigration and drug trafficking and more recently raised the possibility of declaring a national emergency to go around Congress to secure funding for the wall. In recent days, however, he has said that he would prefer Congress to act.

Democrats, who took over the U.S. House of Representatives this month, have rejected the border wall but back other border security measures.

House Democrats have passed a number of bills to fund the roughly one-quarter of federal operations that have been closed, but Senate Majority Leader Mitch McConnell, a Republican, has said the chamber will not consider legislation that Trump will not sign into law.

Senate Democratic Leader Chuck Schumer on Monday called on McConnell to move forward, suggesting that Congress go around the president.

The partial shutdown is the longest in U.S. history and its effects have begun to reverberate across the country.

Longer lines have formed at some airports as more security screeners fail to show up for work while food and drug inspections have been curtailed and farmers, stung by recent trade spats, have been unable to receive federal aid.

The shutdown began on Dec. 22 and its impact is worrying some on Wall Street. Roughly 800,000 federal employees are feeling the financial sting after missing their first paycheck last week, a loss of income expected to have ripple effects.

Speaking on CNBC, Delta Air Lines Inc Chief Executive Officer Ed Bastian said the partial shutdown will cost the airline $25 million in lost revenue in January because fewer government contractors are traveling.

Other U.S. airlines also are not able to open new routes or use new airplanes because they need certification from federal officials who are furloughed.

A number of companies, already concerned about a global economic uncertainty, also have urged Republicans and Democrats to end the stalemate in Washington.

(Reporting by Susan Heavey; Editing by Steve Orlofsky and Bill Trott)

Trump, Democrats dig in over ending government shutdown

U.S. President Donald Trump speaks to reporters about border security in the Briefing Room at the White House in Washington, U.S., January 3, 2019. REUTERS/Carlos Barria

By Richard Cowan and Susan Heavey

WASHINGTON (Reuters) – President Donald Trump and congressional leaders gathered at the White House on Friday to try to end a 2-week-old partial U.S. government shutdown but all parties were entrenched over his demand for $5 billion to build a wall on the border with Mexico.

About 800,000 federal workers have been unpaid due to the closure of about a quarter of the federal government as Trump withholds his support for new funding until he secures the money for the wall that he promised to construct during his election campaign.

The wall, Trump has argued, is needed to stem the flow of illegal immigrants and drugs over the border. When he ran for president in 2016, Trump vowed Mexico would pay for the wall, which it has refused to do.

Democratic congressional leaders arrived at the White House for the meeting with Trump but it was unclear how much progress might be made.

It is the first showdown between Trump and Democrats since they took over the U.S. House of Representatives on Thursday after victories in last November’s elections.

“The president isn’t going to back off,” White House spokeswoman Sarah Sanders told reporters before the talks began.

The Senate on Friday adjourned until Tuesday afternoon in a sign that the shutdown would likely not end before then.

Ahead of the meeting, House Speaker Nancy Pelosi sought to separate the issue of the wall and government funding and called on Trump and his fellow Republicans in the Senate to reopen agencies as border talks continue.

“The wall and the government shutdown really have nothing to do with each other,” Pelosi, who has rejected any funding for what she has called an “immoral” border wall, said at an event hosted by MSNBC.

About 800,000 federal employees have either been furloughed or are working without pay because of the shutdown.

It is showing signs of straining the country’s immigration system and has been blamed for worsening backlogs in courts and complicating hiring for employers.

Trump continued to promote the wall in tweets to keep the pressure on Democrats on Thursday even as they gained significant power with their takeover of the House at the start of a new Congress.

TRUMP LETTER

Trump sent a letter to all members of Congress on Friday “on the need to secure our borders,” the White House said.

“Absolutely critical to border security and national security is a wall or a physical barrier that prevents entry in the first place,” Trump wrote.

Late on Thursday, the House passed two Democratic bills to immediately reopen government agencies for varying lengths of time, despite a White House veto threat.

Senate Majority Leader Mitch McConnell, a Republican, has rejected the House effort saying the president would not sign into law, although the Senate last month approved identical legislation.

“We’re in the same place … Any viable compromise will need to carry the endorsement of the president before it receives a vote in either house of Congress,” McConnell said, speaking on the Senate floor Friday morning.

But he may face pressure from within his caucus from vulnerable Republicans up for re-election in 2020.

“We should pass a continuing resolution to get the government back open. The Senate has done it last Congress, we should do it again today,” U.S. Senator Cory Gardner told The Hill on Thursday.

His colleague Susan Collins also called for the Senate to pass the funding bills, while several other Republicans urged an end to the shutdown, the Hill and New York Times reported.

Pelosi on Friday urged McConnell to bring the measures up for a vote. “The president can sign or not but he should never say, ‘I’m not even going to put it on the president’s desk,'” she told MSNBC, noting Congress can pass bills without Trump’s support.

Legislation can become law with a veto-proof majority of lawmakers’ support or if the president does not sign it or veto it within 10 days.

Vice President Mike Pence on Thursday suggested that in exchange for the wall, the White House could work with Democrats on so-called Dreamer immigrants who were brought to the United States illegally as children – an idea Trump had rejected.

“It’s being talked about,” Pence told Fox News.

Democrats back other border security measures aside from the wall, and their two-bill package passed Thursday includes $1.3 billion for border fencing and $300 million for other border security items such as technology and cameras.

In a Dec. 11 meeting with Pelosi and Democratic Senate Leader Chuck Schumer, Trump said he would be “proud” to shut the government over the security issue and would not blame Democrats. He has since said they are responsible.

A Reuters/Ipsos opinion poll last week showed that 50 percent of the public blame Trump for the shutdown and 7 percent blame Republican lawmakers, against 32 percent who blame Democrats.

(Reporting by Richard Cowan; Additional reporting by Susan Heavey, Susan Cornwell and Lisa Lambert; Writing by Alistair Bell; Editing by Bill Trott)

FEMA reverses decision to stop issuing new flood insurance policies

A mailbox is partially submerged by flood waters in the aftermath of Hurricane Florence in Conway, South Carolina, September 19, 2018. REUTERS/Randall Hill. REUTERS/Randall Hill

WASHINGTON (Reuters) – The Federal Emergency Management Agency (FEMA) said on Friday it will resume issuing new flood insurance policies during the partial U.S. government shutdown, reversing a decision announced two days ago.

FEMA, which oversees the National Flood Insurance Program, said it was rescinding guidance issued on Wednesday that it would not be able to sell new policies during the shutdown unless Congress passes legislation reauthorizing the program.

“As of this evening, all NFIP insurers have been directed to resume normal operations immediately and advised that the program will be considered operational since December 21, 2018, without interruption,” FEMA said on its website.

The National Association of Realtors estimated the decision not to issue new policies could have disrupted up to 40,000 home sales each month.

The flood insurance program insures about 5 million homes and businesses.

The federal government has been partially shut down since Dec. 22 because of an impasse over President Donald Trump’s demand for $5 billion in taxpayer funding for a proposed border wall.

(Reporting by Eric Beech, editing by G Crosse)

How partial shutdown of U.S. government could play out

FILE PHOTO: Clouds pass over the U.S. Capitol at the start of the third day of a shut down of the federal government in Washington, U.S., January 22, 2018. REUTERS/Joshua Roberts

WASHINGTON (Reuters) – A partial U.S. government shutdown was widely expected to continue after Congress reconvenes on Thursday, with lawmakers split over President Donald Trump’s demand for $5 billion in taxpayer funding for a proposed Mexican border wall.

The Senate and the House of Representatives were set to meet at 4 p.m. EST on the sixth day of the shutdown and resume debating ways to end it. That will include Senate consideration of a measure already approved by the Republican-controlled House that meets Trump’s wall-funding demand.

For that bill to move forward in the 100-seat Senate, it would need 60 votes. Republicans have only 51 seats, so they will need to try to persuade some Democrats to back the measure.

But Democrats largely oppose Trump’s proposed wall, which he had initially said would be financed by Mexico. They have offered support for $1.3 billion in general border security funding. It was not clear if some compromise could be struck between that offer and Trump’s demand.

Over the weekend, Mick Mulvaney, the acting White House chief of staff, said the White House had made a counter-offer to Democrats on border security. Media reports said Vice President Mike Pence had proposed $2.1 billion in funding.

Last week Trump said his administration was prepared for a lengthy shutdown.

After weeks of failed talks between Trump and congressional leaders, parts of the U.S. government shut down on Saturday, affecting about 800,000 employees of the Departments of Homeland Security, Justice, Agriculture, Commerce and other agencies.

Most of the federal government, which directly employs almost 4 million people, is unaffected. The Defense, Energy, Labor and other departments are funded through Sept. 30.

Even agencies that are affected never totally close, with workers deemed “essential” still performing their duties.

“Non-essential” federal workers at unfunded agencies are on furlough and staying home. Both they and essential employees will not get paychecks after December until the shutdown ends.

“We continue to believe that it is unlikely that Congress will come up with a deal to end the current partial shutdown until well into January,” financial firm Height Securities said in a commentary note on Wednesday.

The 435-seat House was set to reopen on Thursday but on Jan. 3, the 2017-18 Congress will be replaced by the 2019-20 Congress and control of the House will switch to the Democrats from the Republicans. At that time, Representative Nancy Pelosi is expected to take over as House speaker.

She has vowed swift action to fully reopen the government. Barring some sort of deal in the interim, House Democrats expect to vote on a funding bill on Jan. 3, a Democratic aide said.

In the new Congress, Senate Republicans will increase their number of seats to 53 but still will need Democratic support to pass any legislation requiring a 60-vote majority.

Details of the upcoming House bill were unclear but it was unlikely to include wall funding, like an earlier Senate measure. If such a bill were to pass the House and again win support in the Senate, it would then go to Trump.

At that point, he could face a politically difficult choice – back down on his full wall-funding demand or veto the bill and single-handedly extend the partial shutdown.

If he chose the latter, putting his personal stamp on the shutdown, Congress might then move to override his veto, but that would take a two-thirds vote in both the Senate and the House, a challenging hurdle for lawmakers.

(Reporting by Kevin Drawbaugh and David Morgan; Editing by Richard Chang and Bill Trott)

Standoff over Trump border wall puts U.S. Congress in budget ‘pickle’

FILE PHOTO: The U.S. Capitol is pictured in Washington, U.S., November 13, 2018. REUTERS/Al Drago/File Photo

By Richard Cowan and Amanda Becker

WASHINGTON (Reuters) – President Donald Trump and Congress, embroiled in a feud over his proposed U.S.-Mexico border wall, have only five days to reach a deal before a partial government shutdown could leave about a quarter of the federal workforce without paychecks.

Trump has demanded $5 billion as a down payment on construction of a huge wall that he argues is the only way to keep illegal immigrants and drugs from crossing into the United States, again pushing the proposal in an early morning tweet on Monday. Democrats and some Republicans argue there are less costly, more effective border controls.

FILE PHOTO: Workers on the U.S. side, paint a line on the ground as they work on the border wall between Mexico and the U.S., as seen from Tijuana, Mexico, December 13, 2018. REUTERS/Carlos Garcia Rawlins

The money Trump wants is only a small fraction of the roughly $450 billion Congress was poised to approve – before the latest battle over the proposed wall – to fund several agencies which will otherwise run out of money on Dec. 21.

Large swaths of the government already are funded through next September, including the U.S. military and agencies that operate public healthcare, education and veterans’ programs.

Several Republican and Democratic congressional aides on Friday said there was no apparent progress being made toward resolving the standoff, after Trump and leading congressional Democrats battled each other on Tuesday in front of television cameras in the White House Oval Office.

“I am proud to shut down the government for border security,” Trump told House of Representatives Democratic leader Nancy Pelosi and Senate Democratic leader Chuck Schumer.

Since then, a senior House Republican aide said his party was “in a pickle” over how to keep the government open.

The aide noted that Republicans, who will control both houses of Congress until Jan. 3, will not be able to muster the minimum 218 votes needed in the House to pass a funding bill if it contains Trump’s demand for border wall money, which Democrats oppose.

Agent J. Cruz of the U.S. Border Patrol looks on along the newly completed wall during U.S. Department of Homeland Security Secretary Kirstjen Nielsen’s visit to U.S. President Donald Trump’s border wall in the El Centro Sector in Calexico, California, U.S. October 26, 2018. REUTERS/Earnie Grafton

If funds run out on Dec. 21, the NASA space program would potentially be unfunded, along with national parks, the U.S. diplomatic corps and agriculture programs.

Similarly, the Department of Justice and the Department of Homeland Security would be vulnerable to shutdowns, although “essential” employees, such as FBI agents, airport security screeners and border patrol agents, would still report to work.

Their paychecks, however, would not be issued until the shutdown ends and Congress would have to decide whether to award back pay for them as well as any furloughed workers.

A government in such disarray might not play well for Republicans over the holiday period, especially if Americans also view images for two weeks of Trump vacationing at his exclusive Florida beach-front mansion.

“After the president’s comments earlier this week when he said he was going to own the shutdown, that sealed the deal for Democrats. There is absolutely no reason for them to cut a deal with this president,” said Jim Manley, a political strategist and former Senate Democratic leadership aide.

With the clock ticking, the House is not even bothering to come to work until Wednesday night.

For now, Democrats are waiting for the White House to signal whether it will engage on legislation that would keep programs operating, but without money for Trump’s wall.

White House adviser Stephen Miller told CBS News’ “Face the Nation” program on Sunday that the administration would “do whatever is necessary to build the border wall.” Asked if that included shutting down the government, he said: “If it comes to it, absolutely.”

If not, Manley predicted the government will limp along until Jan. 3, when Democrats take control of the House and Pelosi likely becomes the speaker and promptly advances funding, daring the Republican-led Senate to reject it.

(Reporting by Richard Cowan and Amanda Becker; Additional reporting by Susan Heavey; Editing by Kevin Drawbaugh, Leslie Adler and Paul Simao)

Republicans set resolution blaming Saudi prince for journalist’s death

FILE PHOTO: Saudi Arabia's Crown Prince Mohammed bin Salman is pictured during his meeting with Algerian Prime Minister Ahmed Ouyahia and officials in Algiers, Algeria December 2, 2018. Bandar Algaloud/Courtesy of Saudi Royal Court/Handout via REUTERS

WASHINGTON (Reuters) – The chairman of the U.S. Senate Foreign Relations Committee said he would introduce on Thursday legislation holding Saudi Arabian Crown Prince Mohammed bin Salman responsible for the murder of journalist Jamal Khashoggi and insisting on accountability for those responsible for his death.

Despite President Donald Trump’s desire to maintain close relations with Saudi Arabia, the joint resolution is backed by at least nine of his fellow Republicans in the Senate: committee Chairman Bob Corker and co-sponsors including Majority Leader Mitch McConnell.

The measure also warns that the kingdom’s purchases of military equipment from, and cooperation with, the governments of Russia and China challenge the integrity of the U.S.-Saudi military relationship.

The measure is expected to come up for a vote in the Senate, but must also pass the House of Representatives and be signed by Trump, or win enough votes to overcome a veto, to take effect.

House Republican leaders declined to say whether they planned to vote on any Saudi-related legislation before Congress wraps up for the year later this month.

Among other provisions, the joint resolution blames the crown prince for Khashoggi’s murder in Turkey, calls for the Saudi government to ensure “appropriate accountability” for all those responsible for his death, calls on Riyadh to release Saudi women’s rights activists and encourages the kingdom to increase efforts to enact economic and social reforms.

And it declares that there is no statutory authorization for U.S. involvement in hostilities in Yemen’s civil war and supports the end of air-to-air refueling of Saudi-led coalition aircraft operating in Yemen.

The Senate is due to vote later on Thursday on a separate Saudi Arabia measure, a war powers resolution that would end all U.S. involvement with the coalition involved in the Yemen War. That measure would need to pass the House and survive a threatened Trump veto to become law.

(Reporting by Patricia Zengerle; Editing by Chizu Nomiyama and Jonathan Oatis)

Congress approves short-term spending bill to avert government shutdown

The U.S. Capitol building is seen reflected in a puddle at sunrise on the day of the U.S. midterm election as voters go to the polls across the country to elect 33 U.S. senators and all 435 members of the U.S. House of Representatives in Washington, U.S., November 6, 2018. REUTERS/Jim Bourg

By Amanda Becker

WASHINGTON (Reuters) – The U.S. Congress on Thursday approved a two-week stopgap spending bill to avert a government shutdown, setting up a potential showdown over President Donald Trump’s proposed border wall later this month.

Without action by Congress, funding for several federal agencies, including the Department of Agriculture, State Department and Department of Homeland Security, had been set to expire this week. The stopgap bill extends funding through Dec. 21.

Before the stopgap bill expires, the Republican-led Congress is expected to consider a $450 billion bill to fund the departments through the fiscal year that ends next Sept. 30.

Trump has demanded $5 billion this year as part of his plan to build a wall on the border with Mexico that Democrats argue would be ineffective at keeping out illegal immigrants and illicit drugs.

Instead, Democrats want to continue improving less costly fencing and employing high-tech instruments to detect illegal border crossings. They have agreed to include $1.6 billion for additional border security.

“Let me be clear: the $1.6 billion cannot be used to construct any part of President Trump’s 30-foot-tall concrete border wall. It can only be used for fencing, using technology currently deployed at the border, and only where the experts say fencing is appropriate and makes sense,” Senate Minority Leader Chuck Schumer said on Thursday.

Trump has threatened to force a partial government shutdown if Congress does not give him the money he wants for the wall.

(Reporting by Amanda Becker; additional reporting by Richard Cowan; editing by Jonathan Oatis)

Firepower for U.S. stocks may lose spark as Democrats gain clout

FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., October 11, 2018. REUTERS/Brendan McDermid/File Photo

By Lewis Krauskopf

NEW YORK (Reuters) – The U.S. stock market may be facing the remainder of Donald Trump’s presidential term with the prospect of less juice to supercharge it.

Stock returns have been fueled the past year by Trump’s corporate tax cuts, which have pumped up profits. Yet, any hope of further fiscal stimulus in the form of more tax cuts faded with the results of Tuesday’s congressional elections, with Democrats taking control of the House of Representatives from Trump’s Republican party.

“The return to political gridlock in Washington will likely serve to temper growth expectations, or at least moderate the prospect of additional stimulative fiscal policy,” said Jon Hill, US Rates Strategist at BMO Capital Markets in New York.

The election comes as the market is also losing the low-rate monetary policy that has supported equities during its near decade-long bull run, as the Federal Reserve is raising interest rates to stave off inflation.

Without both fiscal and monetary stimulus, Wall Street performance will depend even more on fundamental factors at a time investors are looking for signs pointing to when the long economic expansion will finally end.

“This is really not a stock market that needs more fiscal stimulus and I think in order for the bull market to continue what it really needs is strong earnings in the face of what is likely to be increasing interest rates,” said Rick Meckler, partner at Cherry Lane Investments, in New Vernon, New Jersey.

Indeed, some investors may see a silver lining in the diminished prospects for more tax cuts, given concerns about the ballooning deficit and even higher interest rates.

“If the Republicans swept today, you would get more fiscal stimulus but that also would likely result in higher interest rates and the Fed moving potentially faster,” said Keith Lerner, chief market strategist at SunTrust Advisory Services in Atlanta. “So beyond the initial positive reaction, my sense is that there would be some offsets from higher interest rates.”

At the same time, the potential for some fiscal stimulus is still alive through an infrastructure spending package, an area where analysts say Trump and Democrats could find common ground and where an agreement could boost stocks, particularly shares in construction and materials companies.

HEADWINDS AHEAD

Tuesday’s result of a split Congress, with Republicans keeping control of the Senate, was the most likely scenario projected by polling data and prediction markets ahead of the elections and had been anticipated by investors.

Immediate market moves to the news may be misleading. Two years ago, stocks futures plunged when it became clear that Trump would win the presidency, only for them to reverse course within hours.

Stock market gains this year may indeed continue – stocks historically have climbed following midterm elections. For the two calendar years following each national U.S. election, the S&P 500 had a mean annual increase of 12 percent under Republican-controlled governments, compared to an increase of 9 percent for Democratic-controlled governments and a 7 percent rise for gridlocked governments.

Yet replicating the lofty returns of Trump’s first half of his term – the stock market is up 29 percent since his election – may prove elusive.

Democratic control of the House makes the prospect of a new tax-cut package, following the recent steep cut in the U.S. corporate tax rate, appear less likely. Trump has been seeking a 10 percent middle-class tax cut while making permanent individual tax cuts from his 2017 tax overhaul.

The change in House control could bring other challenges for the market.

Trump’s favoring of light regulations for banks and other industries has created a climate that investors say has helped stocks. A Democratic-led House could bring greater oversight on industries such as pharmaceuticals and banks.

With fresh oversight power, Democrats could inspect nearly every aspect of Trump’s presidency from his long-elusive tax returns to possible business ties with Russia and conflicts of interest. In the event the House attempts to impeach Trump, history suggests market volatility could spike, at least in the short term, according to OppenheimerFunds.

But, on the positive side for stocks, analysts doubt Democrats would be able to roll back the heart of the market-friendly changes, including the corporate tax cuts.

The Democrats’ victory in the House could also benefit the market, some investors have said, by tempering Trump’s aims such as on international trade.

Any pressure on stocks could be less severe because the stock market already endured a steep pullback in October from record highs, which some investors in part attribute to jitters over uncertainty about the election.

And some investors will be happy just to move on from the elections.

“It’s one less thing that’s in front of you that you have to worry about,” said Walter Todd, chief investment officer at Greenwood Capital in Greenwood, South Carolina.

(Additional reporting by Jennifer Ablan, Saqib Iqbal Ahmed and Trevor Hunnicutt in New York; Editing by Megan Davies and Frances Kerry)

Trump enacts anti-opioid abuse package in rare bipartisan step

FILE PHOTO: A syringe filled a narcotic, an empty syringe and a spoon sit on the roof of a car, where a man in his 20's overdosed on opioids in Lynn, Massachusetts, U.S., August 14, 2017. REUTERS/Brian Snyde

By Yasmeen Abutaleb

WASHINGTON (Reuters) – Medical treatment will be more widely available to opioid abusers while mailing illicit drugs will be more difficult under a measure to fight drug addiction that was signed into law on Wednesday by U.S. President Donald Trump.

In a year more typically marked by partisan gridlock, Trump signed the rare bipartisan package passed by Congress earlier this month to tackle a problem that led to a record 72,000 drug overdose deaths in 2017.

The legislation expands access to substance abuse treatment in Medicaid, the government health insurance program for the poor and disabled; cracks down on mailed shipments of illicit drugs such as fentanyl, a synthetic opioid far more powerful than heroin; and provides a host of new federal grants to address the crisis.

The Senate passed the measure by a vote of 98-1 in September after a 353-52 vote in favor in the House. The bill had 252 bipartisan cosponsors in the House, more than almost any other bill in recent years, according to website GovTrack Insider.

Trump declared the opioid epidemic a public health emergency last year, which enabled the government to respond more quickly to crises. But addiction experts, advocacy groups and Democrats said the administration was not doing enough.

On Tuesday, Democratic Senators Elizabeth Warren and Patty Murray released a U.S. Government Accountability Office report that they said showed Trump’s emergency declaration fell short of his promises. The report said the government has used few of the powers it could use, under the declaration.

“Hand waving about faster paperwork and speeding up a few grants is not enough. The Trump administration needs to do far more to stop the opioid epidemic,” Warren said in a statement.

Trump adviser Kellyanne Conway said the criticism from the senators was “predictable and unfortunately very partisan,” noting that both voted for the opioids legislation.

In addition to educating the public and expanding access to treatment, Conway said the administration was also focused on securing the border with Mexico to stop drugs from coming into the United States.

(Reporting by Yasmeen Abutaleb; Editing by Kevin Drawbaugh and Cynthia Osterman)

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