November 9, 2025: Senate Advances Plan to End Shutdown, More

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Episode Transcript

Speaker 1 (00:00):
News when you wanted with Bloomberg News and now I'm
Doug Prisoner. The US government shutdown appears to be nearing
an end. Tonight, the Senate took the first step with
passage of a procedural vote. It advances three government funding
bills for next year. This is after a group of
eight moderate Senate Democrats voted in favor. None of the bills, however,
address the impending expiration of subsidies for the Affordable Care Act.

(00:24):
Even so, Democrats have secured a pledge by Republicans to
vote on a bill to renew the ACA tax credits
by mid December. Angus King is independent senator from Maine
who caucuses with the Democrats. Here is King on why
he voted in favor of this deal.

Speaker 2 (00:41):
So the question before us, for those of us here
who decided to vote yes tonight, the question was does
the shutdown further the goal of achieving some needed support
for the extension of the tax credits. Our judgment was
that it will not. It would not produce that result,
and the evidence for that is almost seven weeks of

(01:05):
fruitless attempts to make that happen. It would it change
in a week or another week? Or after Thanksgiving or Christmas,
and there's no evidence that it.

Speaker 1 (01:16):
Would at is Angus King, independent Senator from Maine. Meantime,
US airlines canceled more than twenty one hundred flights today,
mostly because of the shutdown and the FAA's order to
reduce air traffic. The slow down at forty of the
nation's busiest airports is now in its third day. On
Sunday alone, there were more than seven thousand additional flight delays,

(01:38):
and today Transportation Secretary Sean Duffy said air travel would
come to a virtual standstill during the Thanksgiving holiday. Here's
Duffy on Fox News Sunday.

Speaker 3 (01:49):
As I look two weeks out, as we get closer
to Thanksgiving, travel listen, I think what's going to happen
is you're going to have air travel slow to a trickle.
Everyone wants to travel to see their families. I think
we're going to see our traffic controllers very few of
them coming to work, which means, yes, you'll have a
few flights taken off and landing at our different airports
across the country. But the thousands of flights that happen

(02:12):
every day to move people around the country for this
great American holiday, it's not going to happen.

Speaker 1 (02:16):
Transportation Secretary Sean Duffy is speaking to Fox News Sunday.
The Trump administration has told states to immediately undo any
action they've taken to fully fund November Snap benefits. On Saturday,
the USDA issued the directive and said that states that
don't comply could face financial penalties. This creates further uncertainty

(02:37):
around the food assistance program supporting forty two million Americans.
Here is Maryland Governor Wes Moore speaking on CBS Face
the Nation.

Speaker 4 (02:46):
They have money for everything. They got money to fight wars,
they got money for ballrooms, they got money for everything.
But when it comes to supporting the American people, that's
now when they are crying, Well, we're broke, and that's
not what the law requires us to do.

Speaker 1 (02:59):
Maryland Governor more speaking on CBS Face the Nation. Two
Major League baseball pitchers have been indicted on charges they
took bribes to give Sportspeedder's advanced notice on the types
of pitches they'd throw. Emmanuel Class and Luis Ortiz both
pitched for the Cleveland Guardians. They are accused of intentionally
tossing balls instead of strikes. To ensure successful bets. Earlier today,

(03:23):
class and Ortes were charged with fraud, conspiracy, and bribery.
Now prosecutor say Ortes was arrested Sunday morning in Boston
and he will appear in court on Monday. Class A
is not yet in custody. President Trump is suggesting most
Americans may receive a tariff dividend of at least two
thousand dollars, and today US Treasury Secretary Scott Besson said

(03:45):
the president's suggestion could come through tax cuts passed and
the Economic Policy Bill earlier this year. Appearing this morning
on ABC's This Week, Besson said he hadn't spoken to
the President about this idea, but the two thousand dollars
dividend could come in lots of forms, in lots of ways.

Speaker 5 (04:03):
It could be just the tax decreases that we are
seeing on the President's agenda. You know, no tax on tips,
no tax on overtime, no tax on solid security, deductibility
of auto loans, so you know, those are substantial deductions
that are being financed in the tax bill.

Speaker 1 (04:21):
Treasury Secretary Scott Besson, speaking on ABC's This Week for
the first time in more than eighty years, a Syrian
leader is coming to the White House. Bloomberg's Nathan Hager
has a preview from Washington.

Speaker 6 (04:34):
Syrian President Akhmed al Sharah will meet with President Trump
on Monday, less than a year after the one time
Islamist rebel overthrow Bashar al Assad's dictatorship. This will be
Shara's second meeting with the President. The first in Saudi
Arabia in May led to a promise to lift US sanctions.
Sharraz hoping to secure more relief this week and to
get more US help against Israeli incursions into Syria as

(04:57):
President Trump hopes to bring Syria into the Abraham Accord
and normalize relations with Israel. In Washington, I'm Nathan Hager,
Bloomberg Radio.

Speaker 1 (05:04):
Earlier today, Blue Origin delayed a planned second flight of
its New Glen rocket. The Jeff Bezos backed space company
cited weather conditions and unspecified issues with ground equipment. It's
unclear when the company will reattempt the flight. As a
result of the government shutdown, the FAA last week issued
an emergency directive banning commercial launches and re entries during

(05:28):
a time window in which a backup launch of New
Glen was planned. Now a successful flight would put Blue
Origin back on track to challenge the grip that Elon
Musk's SpaceX company has on the rocket business. And that
is news when you want it with Bloomberg News. Now,
I'm Doug Prisoner and this is Bloomberg