An end to the longest US government shutdown in history is one step closer after Senate Democrats broke with their party to strike a deal with the Republicans.
Senators backed by 60 votes to 40 legislation to end the impasse, though it still needs approval from the House of Representatives – and sign-off by President Donald Trump.
He has indicated he is happy with the agreement, though, which would restore funding for federal agencies that have gone without since 1 October.
It would also prevent any further layoffs until 30 January, but does not satisfy Democrat demands regarding health care insurance for millions of Americans.
Attractions across the US have been closed. Pic: AP
Health care was at the heart of the dispute that led to the shutdown.
The Democrats had refused to support a Republican budget plan unless tax credits that made medical insurance cheaper for millions of people were renewed.
The willingness of eight moderate Democrats to break the Senate deadlock without that guarantee has provoked fury among many in the party.
Some are now calling on Senate Minority Chuck Schumer to be replaced because he is “no longer effective”.
California Governor Gavin Newsom – regarded as a contender for the 2028 Democratic presidential nomination – said: “Pathetic. This isn’t a deal. It’s surrender.”
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The shutdown has caused extensive travel disruption. Pic: Reuters
On Monday morning, Republican Senate Majority Leader John Thune had urged politicians to work together to break a stalemate that had lasted for more than 40 days.
He said: “The American people have suffered for long enough. Let’s not pointlessly drag this bill out.”
The shutdown began on 1 October – with 670,000 federal government employees furloughed or left with no choice but to work without pay.
SNAP, a food aid programme used by 42 million Americans, has been frozen – with thousands of flights cancelled at dozens of major airports.
Mr Trump has told air traffic controllers to get back to work, threatening anyone who doesn’t with “docked” pay.
The funding package now heading to the House of Representatives only lasts through to 30 January, making it a relatively short-term solution that will require further negotiation.
The Sony Group Corp. logo displayed on a screen at the Combined Exhibition of Advanced Technologies (Ceatec) in Chiba, Japan, on Wednesday, Oct. 16, 2024.
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Sony Group on Tuesday posted a stronger-than-expected rise in second-quarter operating profit and announced a share buyback of up to 100 billion Japanese yen ($648 million).
Here are Sony’s second-quarter results compared with LSEG SmartEstimates, which are weighted toward forecasts from analysts who are more consistently accurate:
- Revenue: 3.108 trillion Japanese yen ($20.14 billion) vs. 2.985 trillion yen expected
- Operating profit: 429 billion yen vs. 398.44 billion yen expected
Operating profit climbed 10% from a year earlier, while revenues were up 5%. Sony shares jumped more than 6% after the earnings release.
The Japanese technology giant raised its full-year outlook, expecting operating profit to climb by 100 billion yen, or 8% from its previous forecast, led by its imaging and sensing solutions and music segments. The company also lifted its annual revenue projection by 300 billion yen, or 3%, while trimming its estimated losses from U.S. tariffs to 50 billion yen from 70 billion yen.
While Sony has been affected by U.S. President Donald Trump’s global tariff regime launched in April, Tokyo reached a trade deal with Washington in July that lowered duties on Japanese exports to 15% from the 25% initially proposed. The reduced tariffs took effect Aug. 7.
Music and imaging boost
Profit from Sony’s music business increased 27.65% year over year to 115.4 billion yen, while operating profit from its imaging business jumped nearly 50% to 138.3 billion yen, making it the company’s most profitable segment in the quarter.
Sony’s imaging and sensing solutions segment develops and manufactures advanced semiconductor products for a wide range of applications, from smartphones to automotive and industrial systems.
The company also reported strong sales in its game and network services division, which houses its popular PlayStation home console brand. The segment represents Sony’s top revenue driver, but posted a decrease in profits in the September quarter, falling 13.26% to 120.4 billion yen.
Game and network services have performed well in recent quarters thanks to a shift to digital game purchases and the PlayStation Plus subscription service. Growth in hardware shipments has been comparably muted.
KPop Demon Hunters
Despite Sony’s strong earnings showing, profit from its picture business shrank nearly 25% year over year. That was despite Sony Pictures Animation being behind this year’s smash hit production, KPop Demon Hunters, which premiered on June 20.
The film, which was produced by Sony, has reportedly become the most popular Netflix film ever, and continues to break streaming records, even for its original soundtrack.
Despite the success, Sony has missed much of this upside due to selling the film’s exclusive rights to Netflix.
While the exact details of the deal are unknown, it was reported that Sony made an initial $25 million profit from producing the film for Netflix.
Netflix saw K-pop Demon Hunters drive significant viewership and even contributed to its 17% revenue jump in its September quarter.
However, in a bright spot for Sony, a sequel to the movie has already been confirmed, with Netflix reportedly providing the Japanese company a $15 million cash bonus for the first film’s performance.
Donald Trump has threatened to sue the BBC for $1bn over edits the organisation made last year to one of his speeches.
The organisation has been engulfed in a crisis, forced to apologise on Monday after two of its most senior figures, including the director-general, resigned on Sunday night.
The defamation claim centres around a BBC Panorama documentary, which aired October 2024 and showed an edited speech made by Mr Trump before the attack on the US Capitol on 6 January 2021, in which he appeared to tell his supporters he was going to walk with them to the US Capitol and “fight like hell”.
In a letter dated 9 November, Florida-based lawyer Alejandro Brito set the BBC a deadline of 10pm UK time on Friday to respond, outlining three demands:
• Issue a “full and fair retraction” of the documentary
• Apologise immediately
• “Appropriately compensate” the US president
He told the BBC it needed to “comply” or face being sued for $1bn.
A BBC spokesperson said: “We will review the letter and respond directly in due course.”
‘Error of judgement’
On Monday, BBC chairman Samir Shah, one of the most senior figures still standing, apologised for the “error of judgement” in editing the video.
In a letter to the Culture, Media and Sport Committee of MPs, Mr Shah said Mr Trump’s speech was edited in a way that gave “the impression of a direct call for violent action”.
“The BBC would like to apologise for that error of judgement,” he added.
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BBC admits Trump documentary ‘mistake’
Director-general and head of BBC News resign
Concerns about the edited speech first came to light in a leaked memo from Michael Prescott, a former journalist and independent adviser to the BBC’s Editorial Guidelines and Standards Board.
As a result, BBC director-general Tim Davie and BBC News chief Deborah Turness announced their resignations on Sunday evening, saying in emails to staff that mistakes had been made.
Mr Davie will address an all-staff meeting on Tuesday. While on her way into the Broadcasting House on Monday morning, Ms Turness defended the corporation, rejecting accusations of institutional bias.
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Trump’s claims of ‘corrupt’ BBC journalists rejected
Downing St stands by BBC – but chancellor says ‘lessons to be learned’
A spokesperson for the prime minister told reporters on Monday that the BBC wasn’t corrupt or institutionally biased.
Instead, they said it had a “vital role” to play in the modern age, but needed to ensure it acted “to maintain trust and correct mistakes quickly when they occur”.
Chancellor Rachel Reeves also stood by the corporation, but said that “lessons do need to be learned”.
‘Nothing but an apology’
Veteran broadcaster and former BBC presenter Jonathan Dimbleby told Sky News, however, that the organisation owed the US president nothing more than an apology.
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‘These are very serious times for the BBC’
But former legal correspondent for the BBC Joshua Rozenberg also told Sky News that he believed the corporation would “very likely” consider settling with Trump.
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BBC ‘very likely to consider settling with Trump best thing to do’
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Mr Trump’s attack on the BBC is the latest in a long string of multibillion-dollar battles he’s engaged with various media institutions.
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