“No Deal” – Government Shutdown Begins

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from ZeroHedge:

Update 12:03am ET: The shutdown has begun.

Per Reuters, the White House says it will reopen negotiations on immigration reform ‘when the Democrats start paying our armed forces and first responders’.

* * *

Update 10pm ET:

*SENATE LACKS VOTES TO ADVANCE STOPGAP PLAN AS SHUTDOWN LOOMS

The New York Times headline summed things up well: Senate Democrats Kill Bill to Keep Government Open Past Midnight

Despite last minute ‘compromise’ meetings, and continued “hopes” from various sides, The Senate failed to reach the 60 votes necessary to keep the government funded (even for a stopgap) and so, as of midnight tonight, the government will shut down.

John Cornyn, the second-ranking Senate Republican, said the two parties haven’t yet found an agreement that would provide short-term funding for the government with a little more than two hours before the deadline.

“No deal,” Cornyn said as the Senate prepared to take up a House-passed funding bill that Democrats have the votes to block.

A group of lawmakers has been working on a plan for a three-week funding bill that would give Democrats and Republicans time to negotiate a long-term compromise on immigration, the chief sticking point in the spending fight.

CNN’s Phil Mattingly explained on air: “Democrats aren’t looking for a reduction in time in the continuing resolution, they’re looking for substantive policy, commitments, changes or actual legislative text before they are willing to come on board with that.”

This is what America will wake up to…

Read More @ ZeroHedge.com