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Illustration: Sarah Grillo/Axios

The House of Representatives and the Senate have been adjourned until Saturday at noon, indicating a partial government shutdown will take effect tonight at midnight.

Driving the news: The Senate passed a procedural vote Friday evening to take up a short-term spending bill passed by the House. But Republican Sens. Jeff Flake and Bob Corker, who were initially against the motion to proceed, said they switched their vote with the understanding that the Senate will not vote again until both chambers of Congress and President Trump can come to a consensus on border wall funding.

The backdrop:

  • In the Senate, Majority Leader Mitch McConnell pushed forward on a procedural motion, but he doesn't seem to have the votes to pass a bill with border funding.
  • The House passed a bill with border cash last night. If the stalemate goes until January, Democrats are in the driver seat.
  • Trump sent VP Mike Pence, acting chief of staff Mick Mulvaney and son-in-law Jared Kushner to meet with Senate Minority Leader Chuck Schumer.

The big picture: "The shutdown, scheduled for midnight, would disrupt government operations and leave hundreds of thousands of federal workers furloughed or forced to work without pay just days before Christmas," the AP reports.

Between the lines: Trump has resumed his longtime campaign to get McConnell to abandon the filibuster. Don't expect this to happen, Axios' Caitlin Owens emails.

  • Senate institutionalists believe that the filibuster makes the Senate work the way it’s supposed to — in a slow, bipartisan manner.
  • Republicans will be wary of blowing the filibuster now when Democrats are about to take the House and won’t pass any Republican priorities. It also could backfire if and when Democrats eventually retake the Senate.

What's next: Lawmakers will return Saturday at noon to continue negotiations.

Go deeper

Senate confirms retired Gen. Lloyd Austin as defense secretary

Photo: Greg Nash-Pool/Getty Images

The Senate voted 93-2 on Friday to confirm retired Gen. Lloyd Austin as secretary of defense. Sens. Mike Lee (R-Utah) and Josh Hawley (R-Mo.) were the sole "no" votes.

Why it matters: Austin is the first Black American to lead the Pentagon and President Biden's second Cabinet nominee to be confirmed.

House will transmit article of impeachment to Senate on Monday, Schumer says

Photo: Drew Angerer/Getty Images

Senate Majority Leader Chuck Schumer (D-N.Y.) announced that the House will deliver the article of impeachment against former President Trump for "incitement of insurrection" on Monday.

Why it matters: The Senate is required to begin the impeachment trial at 1 p.m. the day after the article is transmitted.

Dan Primack, author of Pro Rata
2 hours ago - Politics & Policy

Private equity bets on delayed tax reform in Biden administration

Illustration: Brendan Lynch/Axios

In normal times, private equity would be nervous about Democratic Party control of both the White House and Congress. But in pandemic-consumed 2021, the industry seems sanguine.

Driving the news: Industry executives and lobbyists paid very close attention to Treasury Secretary nominee Janet Yellen's confirmation hearings this week, and came away convinced that tax reform isn't on the near-term agenda.

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