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Members of the House and Senate started meeting again on Saturday with hopes of ending the government shutdown that started at midnight on Friday. Per Axios' Mike Allen, "top sources in both parties expect the shutdown will be short."

Deputy Press Secretary Hogan Gidley claimed Democrats are working to undermine Trump's "true success story." Meanwhile, Senate Minority Leader Chuck Schumer said negotiating with Trump is like "negotiating with Jell-O."

How we got here
  • According to the New York Times, Senate Democrat leader Chuck Schumer and President Trump "agreed to seek a permanent spending deal" on Friday.
  • Schumer agreed "to higher levels for military spending," and discussed a southern border wall extension.
  • Trump agreed to granting permanent legal status to DREAMers.
  • Schumer believed they had agreed on a short-term extension to legalize the deal, but Trump said he wanted something longer, per the Times.
  • Trump ultimately decided that Schumer's "immigration concessions...were not conservative enough," and that he needed more for the border wall and immigration enforcement. The deal fell apart.
Saturday's meetings
  • CNN's Ryan Nobles reports that White House Legislative Affairs Director Marc Short left the "GOP Caucus meeting and said that the administration is not willing to cut a deal now on DACA in exchange for getting Govt back open."
What Trump is saying
What party leaders are saying
  • Speaker Paul Ryan said on the House floor on Saturday: "Senate Democrats shut down the government over a bill they have no issues with. They opposed a bill they don't even oppose."
  • House Minority Leader Nancy Pelosi said in a press conference Saturday: President Trump "promised infrastructure, he gave us a train wreck. He promised to love the DREAMers from his heart...and he always seems to be pushed back from it."
  • Senate Minority Leader Chuck Schumer: "It's next to impossible to strike a deal with the President because he can't stick to the terms. I have found this out, Leader McConnell has found this out, Speaker Ryan has found this out."
The headlines Americans are waking up to

Go deeper

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Inauguration Day dashboard

Screenshot: Fox News

President Trump has delivered a farewell speech and departed Washington for the last time on Air Force One, kicking off the day that will culminate with President-elect Joe Biden taking office.

What's next: The inaugural celebration for young Americans is being livestreamed, starting at 10am.

Updated 41 mins ago - Politics & Policy

Trump departs on final Air Force One flight

President Trump and his family took off on Air Force One at 9 a.m. on Wednesday morning for the final time en route to Florida.

The big picture: Trump's final hours as president were punctuated by his decisions to snub his successor's inauguration and grant pardons to many of his allies who have been swept up in corruption scandals.

Dion Rabouin, author of Markets
2 hours ago - Economy & Business

Janet Yellen said all the right things to reassure the markets

Illustration: Aïda Amer/Axios

Treasury Secretary nominee and former Fed chair Janet Yellen's confirmation hearing before the Senate Finance Committee on Tuesday showed markets just what they can expect from the administration of President-elect Joe Biden: more of what they got under President Trump — at least for now.

What it means: Investors and big companies reaped the benefits of ultralow U.S. interest rates and low taxes for most of Trump's term as well as significant increases in government spending, even before the coronavirus pandemic.