Stocks should rally if the U.S. and China agree to new negotiations and a ceasefire in the trade war, but the economic impact of tariffs will continue.Market Insiderread more
More than 300 companies are talking to government officials in Washington about how detrimental the trade war is.Marketsread more
Powell stresses the central bank's independence in a speech that comes amid continuous pressure from the White House to cut interest rates.The Fedread more
The trade war between Beijing and Washington appears to have depressed Chinese property purchases in the United States. China's own actions may also be playing a role.Real Estateread more
Markets in Asia fell on Wednesday morning after U.S. Federal Reserve Chairman Jerome Powell tempered expectations for a potential interest rate cut.Asia Marketsread more
In a text message, Grisham confirmed to CNBC that she will still be working for the first lady even as she takes on her new roles.Politicsread more
Acting Customs and Border Protection Commissioner John Sanders is resigning amid the furor over the Trump administration's treatment of migrant children.Politicsread more
NBC is taking the office back from Netflix as it seeks to bolster its own streaming service launching in 2020.Technologyread more
Wayfair employees plan to walk out tomorrow, after no action was taken in response to their opposition to the company supplying border detention camps with beds for children.Retailread more
Micron beat analyst estimates on earnings and revenue for its fiscal third quarter of 2019.Technologyread more
Omarosa Manigault Newman, who had been a senior advisor to President Donald Trump before her firing, was sued for allegedly failing to file required financial disclosures.Politicsread more
impasse@ (Adds House Majority Leader Hoyer, State of Union speech detail)
WASHINGTON, Jan 23 (Reuters) - Democratic leaders in the U.S. House of Representatives floated the idea on Wednesday of ending a partial government shutdown by giving President Donald Trump most or all of the money he seeks for border security with Mexico but for items other than a physical wall.
Representative James Clyburn, the No. 3 House Democrat, told reporters that Democrats could fulfill Trump's request for $5.7 billion for border security with technological tools such as drones, X-rays and sensors, as well as more border patrol agents.
Representative Steny Hoyer, the second-ranking House Democrat, also said Democrats would be discussing "substantial sums of additional money" for border security as part of a possible deal. He did not say if it would amount to the $5.7 billion sought by Trump.
Trump has demanded funding for a physical wall in a showdown with Democrats that has left 800,000 federal workers without pay amid a partial government shutdown that entered its 33rd day on Wednesday.
Clyburn's offer would be a significant monetary increase over bills previously passed by Democrats, which included only about $1.3 billion for this year in additional border security, with none of that for a wall.
"Using the figure the president put on the table, if his $5.7 billion is about border security then we see ourselves fulfilling that request, only doing it with what I like to call using a smart wall," Clyburn said.
As congressional Democrats and Trump battle over border security and government funding, a parallel controversy continued over the president's upcoming State of the Union address.
Trump sent a letter to House of Representatives Speaker Nancy Pelosi on Wednesday saying he looked forward to delivering it as scheduled on Jan. 29 in the House chamber. Pelosi had earlier asked Trump to consider postponing because security could not be guaranteed during the shutdown.
The U.S. Senate has scheduled votes for Thursday on competing proposals that face steep odds to end the shutdown.
Republican Senate Majority Leader Mitch McConnell plans to hold a vote on Thursday on a Democratic proposal that would fund the government for three weeks but does not include the $5.7 billion in partial funding for a wall on the U.S.-Mexico border.
Its prospects appeared grim. The House has passed several similar bills but Trump has rejected legislation that does not include border wall funding. McConnell previously said he would not consider a bill that Trump did not support.
McConnell also planned to hold a vote on legislation that would include border wall funding and temporary relief for "Dreamers," people brought illegally to the United States as children, a compromise Trump proposed on Saturday.
Democrats have dismissed the deal, saying they would not negotiate on border security before reopening the government, and that they would not trade a temporary restoration of the immigrants' protections from deportation in return for a permanent border wall they view as ineffective.
Trump's plan is "wrapping paper on the same partisan package," Senate Democratic Leader Chuck Schumer said on Tuesday.
Trump, in a series of morning tweets, pushed fellow Republicans to stand by border wall, which during his 2016 campaign he had said Mexico would pay for. He was scheduled to discuss his immigration plan with local leaders and with conservative leaders at the White House.
White House spokeswoman Sarah Sanders told reporters on Wednesday that Trump also has made calls to Democrats.
Furloughed federal workers are struggling to make ends meet during the longest government shutdown in U.S. history. Many have turned to unemployment assistance, food banks and other support, or have sought new jobs.
A Reuters/Ipsos poll last week found more than half of Americans blame Trump for the shutdown even as he has sought to shift blame to Democrats after initially saying he would be "proud" to shutter the government. (Additional reporting by Yasmeen Abutaleb, Roberta Rampton, Eric Beech, Susan Heavey and Doina Chiacu; Writing by John Whitesides Editing by Peter Cooney and Bill Trott)