The U.S. Senate has made significant progress toward ending the ongoing government shutdown, which has now become the longest in U.S. history. On Sunday evening, the Senate voted 60-40 on a procedural measure to advance a bill aimed at re-opening the government. This decision came after a group of moderate Democrats broke ranks with their party leaders to support the deal. The Senate has adjourned until Monday and has not yet scheduled a final vote on the bill. The House of Representatives must also approve the measure before it can be sent to President Donald Trump for his signature. Under the proposed agreement, Congress would provide full-year funding for the departments of Agriculture, Veterans Affairs, and Congress itself. Other agencies would receive funding through January 30. The bill also includes provisions to pay furloughed government workers, resume federal payments to states and localities, and recall employees who were laid off during the shutdown. Despite the progress, it remains uncertain how quickly the shutdown can be resolved. The Senate will require the consent of all members to expedite the process, as any single senator can delay proceedings. House Speaker Mike Johnson has indicated that he will give lawmakers 36 hours' notice to return to Washington for a vote. "It looks like we’re getting closer to the shutdown ending," Trump told reporters as he returned to the White House on Sunday evening. Financial markets reacted positively to the news, with contracts for the S&P 500 rising by 0.7% and those for the Nasdaq 100 increasing by 1.1%. Asian shares also saw gains, while bond yields rose slightly. Democratic Senator Tim Kaine, representing Virginia, expressed support for the deal, highlighting its ban on new federal layoffs through January 30. However, the bill's passage in the House is not guaranteed. Democratic leaders have voiced opposition to any agreement that does not include an extension of expiring Obamacare subsidies, which this bill does not address. Conservative Republicans are advocating for a bill that would fund the entire government until September 30. The current agreement falls short of the goals set by House and Senate Democratic leaders, who have pushed for an extension of Obamacare premium subsidies and a repeal of recent Medicaid cuts. Democrats have secured a commitment from Republicans to vote on a bill to renew the Affordable Care Act tax credits by mid-December, but this promise has not satisfied all members of the party. House Democratic leader Hakeem Jeffries stated, "We will fight the GOP bill in the House of Representatives." The ongoing shutdown has had significant economic repercussions, costing the U.S. economy approximately $15 billion per week. The Congressional Budget Office estimates that the shutdown will reduce the annualized quarterly growth rate of real GDP by 1.5 percentage points by mid-November. Consumer sentiment has also hit a three-year low amid concerns about the shutdown, rising prices, and the job market. As the Thanksgiving travel season approaches, Transportation Secretary Sean Duffy has warned that the situation could worsen, leading to potential flight cancellations and travel disruptions. The full-year spending bills include some victories for Democrats, such as rejecting proposed cuts to international food aid and increasing funding for Capitol Police security. However, the bill also includes provisions that could impact the hemp industry, which claims that restrictions on the sale of intoxicating hemp products could threaten 325,000 jobs. Negotiations continue as lawmakers work to find a resolution to the shutdown and address the broader implications for federal funding and health care subsidies.