Senate Approves Crucial Funding Deal for DHS, Ending Lengthy Shutdown

In a move to end the persistent budget standoff, the US Senate has approved a funding deal that will restore pay for thousands of airport security personnel who have been working without compensation since mid-February. This agreement will provide funding for the majority of the Department of Homeland Security (DHS), a critical step in resolving the impasse that has caused significant disruptions at airports nationwide.

The deal represents a compromise between Democrats and Republicans, who had been locked in a heated battle over the allocation of resources for the DHS. Democrats held firm in their opposition to granting additional funding for President Trump's proposed border wall without securing meaningful reforms, a position that has been a central point of contention throughout the shutdown.

The development comes as US markets experienced their biggest slump since the start of the US-Israel war with Iran, with the Dow closing 450 points down, the S&P 500 dipping 1.7%, and the tech-heavy Nasdaq plunging 2.3% into correction territory. Trump had previously indicated that the conflict's impact on oil prices had not been as severe as anticipated.