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Stalemate Deepens as Government Shutdown Hits Historic Length

House Speaker Mike Johnson, joined at left by Rep. Andrew Garbarino, answers questions at a news conference at the Capitol on day 16 of the government shutdown.  The federal government shutdown has now stretched into its 20th day, officially becoming the third-longest in U.S. history. With no breakthrough in sight, the standoff between Democrats and Republicans continues to paralyze Washington. The Senate is scheduled to vote yet again on a funding measure, marking the 11th attempt to end the impasse. However, both sides remain entrenched: Republicans are pushing for a stopgap bill to extend funding at current levels, while Democrats insist on restoring cuts to Medicaid and securing health care subsidies before reopening the government. The shutdown, which began on October 1, has already furloughed hundreds of thousands of federal workers and disrupted key services. If it continues past October 22, it will surpass the 1995-1996 standoff to become the second-longest in U.S. histo...
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Trade Tensions Ease as China Signals Openness to Dialogue


China has expressed its willingness to engage in trade talks with the United States, following President Donald Trump's indication that tariffs on Chinese goods could be significantly reduced. The announcement comes amidst escalating trade tensions, with tariffs reaching as high as 145% on Chinese imports. Beijing, which has imposed counter-tariffs of 125% on U.S. goods, reiterated its stance that trade wars have no winners and emphasized the importance of mutual respect in negotiations.

President Trump acknowledged the high tariff levels and hinted at substantial reductions, stating that while tariffs won't return to zero, they will be lowered significantly. This shift in tone has brought cautious optimism to global markets, which have been rattled by the ongoing trade conflict. Both sides appear to be signaling a willingness to de-escalate, though formal negotiations have yet to begin. 

The developments mark a potential turning point in the trade war, offering hope for a resolution that could stabilize global economic relations.

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