The U.S. federal government's shut down continued after the Senate once again failed to reach an agreement on the spending bill.
A Bill proposed by the Democrats to extend the government's funding in health care sector failed on Monday with 45 Senators voting for, and 50 voting against it.The Republicans then introduced another Bill, pushing to pass government funding without agreeing to include the Democrats' demands. It received the support of only 52 lawmakers, and opposed by 42.
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Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.