President Trump Signs Government Funding Bill, Ending Shutdown after a Record 43-day Disruption

US President Donald Trump (C) signs the funding package to re-open the federal government in the Oval Office of the White House in Washington, DC, USA, 12 November 2025. EPA/BONNIE CASH / POOL
US President Donald Trump (C) signs the funding package to re-open the federal government in the Oval Office of the White House in Washington, DC, USA, 12 November 2025. EPA/BONNIE CASH / POOL
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President Trump Signs Government Funding Bill, Ending Shutdown after a Record 43-day Disruption

US President Donald Trump (C) signs the funding package to re-open the federal government in the Oval Office of the White House in Washington, DC, USA, 12 November 2025. EPA/BONNIE CASH / POOL
US President Donald Trump (C) signs the funding package to re-open the federal government in the Oval Office of the White House in Washington, DC, USA, 12 November 2025. EPA/BONNIE CASH / POOL

President Donald Trump signed a government funding bill Wednesday night, ending a record 43-day shutdown that caused financial stress for federal workers who went without paychecks, stranded scores of travelers at airports and generated long lines at some food banks.

The shutdown magnified partisan divisions in Washington as Trump took unprecedented unilateral actions — including canceling projects and trying to fire federal workers — to pressure Democrats into relenting on their demands, The Associated Press said.

The Republican president blamed the situation on Democrats and suggested voters shouldn’t reward the party during next year’s midterm elections.

“So I just want to tell the American people, you should not forget this,” Trump said. “When we come up to midterms and other things, don’t forget what they’ve done to our country.”

The signing ceremony came just hours after the House passed the measure on a mostly party-line vote of 222-209. The Senate had already passed the measure Monday.

Democrats wanted to extend an enhanced tax credit expiring at the end of the year that lowers the cost of health coverage obtained through Affordable Care Act marketplaces. They refused to go along with a short-term spending bill that did not include that priority. But Republicans said that was a separate policy fight to be held at another time.

“We told you 43 days ago from bitter experience that government shutdowns don’t work,” said Rep. Tom Cole, the Republican chairman of the House Appropriations Committee. "They never achieve the objective that you announce. And guess what? You haven’t achieved that objective yet, and you’re not going to.”

A bitter end after a long stalemate

The frustration and pressures generated by the shutdown was reflected when lawmakers debated the spending measure on the House floor.

Republicans said Democrats sought to use the pain generated by the shutdown to prevail in a policy dispute.

“They knew it would cause pain and they did it anyway,” House Speaker Mike Johnson said.

Democrats said Republicans raced to pass tax breaks earlier this year that they say mostly will benefit the wealthy. But the bill before the House Wednesday “leaves families twisting in the wind with zero guarantee there will ever, ever be a vote to extend tax credits to help everyday people pay for their health care,” said Rep. Jim McGovern, D-Mass.

Democratic leader Hakeem Jeffries said Democrats would not give up on the subsidy extension even if the vote did not go their way.

“This fight is not over,” Jeffries said. “We’re just getting started.”

The House had not been in legislative session since Sept. 19, when it passed a short-term measure to keep the government open when the new budget year began in October. Johnson sent lawmakers home after that vote and put the onus on the Senate to act, saying House Republicans had done their job.

What's in the bill to end the shutdown

The legislation is the result of a deal reached by eight senators who broke ranks with the Democrats after reaching the conclusion that Republicans would not bend on using a government funding to bill to extend the health care tax credits.

The compromise funds three annual spending bills and extends the rest of government funding through Jan. 30. Republicans promised to hold a vote by mid-December to extend the health care subsidies, but there is no guarantee of success.

The bill includes a reversal of the firing of federal workers by the Trump administration since the shutdown began. It also protects federal workers against further layoffs through January and guarantees they are paid once the shutdown is over. The bill for the Agriculture Department means people who rely on key food assistance programs will see those benefits funded without threat of interruption through the rest of the budget year.

The package includes $203.5 million to boost security for lawmakers and an additional $28 million for the security of Supreme Court justices.

Democrats also decried language in the bill that would give senators the opportunity to sue when a federal agency or employee searches their electronic records without notifying them, allowing for up to $500,000 in potential damages for each violation.

The language seems aimed at helping Republican senators pursue damages if their phone records were analyzed by the FBI as part of an investigation into Trump's efforts to overturn his 2020 election loss. The provisions drew criticism from Republicans as well. Johnson said he was “very angry about it.”

“That was dropped in at the last minute, and I did not appreciate that, nor did most of the House members,” Johnson said, promising a vote on the matter as early as next week.

The biggest point of contention, though, was the fate of the expiring enhanced tax credit that makes health insurance more affordable through Affordable Care Act marketplaces.

“It's a subsidy on top of a subsidy. Our friends added it during COVID,” Cole said. “COVID is over. They set a date certain that the subsidies would run out. They chose the date."

Rep. Nancy Pelosi, D-Calif., said the enhanced tax credit was designed to give more people access to health care and no Republican voted for it.

“All they have done is try to eliminate access to health care in our country. The country is catching on to them,” Pelosi said.

Without the enhanced tax credit, premiums on average will more than double for millions of Americans. More than 2 million people would lose health insurance coverage altogether next year, the Congressional Budget Office projected.

Health care debate ahead

It’s unclear whether the parties will find any common ground on health care before the December vote in the Senate. Johnson has said he will not commit to bringing it up in his chamber.

Some Republicans have said they are open to extending the COVID-19 pandemic-era tax credits as premiums will soar for millions of people, but they also want new limits on who can receive the subsidies. Some argue that the tax dollars for the plans should be routed through individuals rather than go directly to insurance companies.

Sen. Susan Collins, R-Maine, chair of the Senate Appropriations Committee, said Monday that she was supportive of extending the tax credits with changes, such as new income caps. Some Democrats have signaled they could be open to that idea.

House Democrats expressed great skepticism that the Senate effort would lead to a breakthrough.

Rep. Rosa DeLauro of Connecticut, the top Democrat on the House Appropriations Committee, said Republicans have wanted to repeal the health overhaul for the past 15 years. “That’s where they’re trying to go,” she said.



Saudi Industry Minister Discusses Automotive Manufacturing Cooperation with China's BYD

The Saudi and Chinese delegations meet in Riyadh on Tuesday. (SPA)
The Saudi and Chinese delegations meet in Riyadh on Tuesday. (SPA)
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Saudi Industry Minister Discusses Automotive Manufacturing Cooperation with China's BYD

The Saudi and Chinese delegations meet in Riyadh on Tuesday. (SPA)
The Saudi and Chinese delegations meet in Riyadh on Tuesday. (SPA)

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef held talks in Riyadh on Tuesday with Chinese company BYD Founder and Chairman Wang Chuanfu to discuss cooperation in automotive manufacturing and the transfer of advanced vehicle technologies to the Kingdom.

They explored ways to strengthen industrial cooperation and expand promising investment opportunities to localize the automotive industry in the Kingdom, with particular focus on electric vehicle manufacturing to meet growing domestic demand and reinforce Saudi Arabia’s position as a leading regional and global hub for automotive production.

Discussions tackled the incentives and enablers offered to investors in high-value industries, including the automotive sector, as well as the Kingdom’s significant investments in electric vehicle charging infrastructure.

The meeting highlighted the objectives of the comprehensive strategy for the mining and mineral industries, which emphasizes support for the electric vehicle ecosystem and the development of local supply chains for battery manufacturing and advanced materials.

These efforts help in localizing the automotive industry and advancing the goals of Saudi Vision 2030 to diversify the national economy.


International Mining Conference Opens in Riyadh on Tuesday 

People attend the fourth edition of the International Mining Conference in Riyadh. (SPA)
People attend the fourth edition of the International Mining Conference in Riyadh. (SPA)
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International Mining Conference Opens in Riyadh on Tuesday 

People attend the fourth edition of the International Mining Conference in Riyadh. (SPA)
People attend the fourth edition of the International Mining Conference in Riyadh. (SPA)

Under the patronage of Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, the fifth edition of the International Mining Conference will open in Riyadh on Tuesday under the theme “Minerals: Meeting the Challenges of a New Era of Development.”

Around 200 exhibiting and sponsoring entities are expected to participate, paving the way for the signing of approximately 150 memoranda of understanding and strategic agreements.

Organized by the Ministry of Industry and Mineral Resources, the three-day conference aims to bring together governments, mining companies, financial institutions, and governmental and non-governmental organizations to strengthen global dialogue on the future of the minerals sector.

Strategic pillars

This year’s conference is built around three strategic pillars designed to transform challenges into regional and international opportunities. The first focuses on developing innovative financing models for infrastructure, enabling the activation of seven major mineral corridors in Africa and South America, with the potential for expansion to other regions.

The second pillar centers on capacity-building in mineral-producing countries through the establishment of a global network of centers of excellence specializing in geology, innovation, sustainability, workforce development, and regulatory frameworks.

The third pillar aims to boost transparency across manufacturing value chains through the launch of a pilot system for tracking mineral supply chains, which could later be scaled globally.

International ministerial meeting

As in previous editions, the conference will open with an international ministerial meeting for ministers responsible for mining, reinforcing its position as the largest multilateral governmental platform in the sector.

Participation this year is expected from 100 countries, up from 90 in the previous edition, including 16 G20 members and around 50 international organizations, among them the United Nations, the World Bank, the International Council on Mining and Metals, the UN Industrial Development Organization, and the International Organization for Standardization.

Last year’s meeting produced several landmark initiatives, including agreement on an international framework for critical minerals to strengthen global supply chains and the launch of a network of centers of excellence spanning Africa, West Asia, and Central Asia.

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef said the fifth edition of the conference would further consolidate the Kingdom’s role as a global leader in shaping the future of mining and minerals, attracting investment, and ensuring responsible and secure mineral supplies.

He described the event as a call for collective action and a platform for building new partnerships.

The previous edition witnessed the signing of 126 agreements and memoranda of understanding worth SR107 billion ($28.5 billion), alongside four strategic projects. These included a joint venture between Saudi Aramco and Maaden to explore critical minerals for the energy transition, a potential expansion of the Mansourah–Massarah mine, new discoveries at Wadi al-Jaw and the Shiban deposits, the acquisition of Al Rajhi Steel Industries by Hadeed, and plans to build the first fully integrated steel plant outside China in partnership with Baosteel, Aramco, and the Saudi Public Investment Fund.

Outlook for the minerals sector

Coinciding with the conference, organizers released the Future Minerals Indicators Report, offering a comprehensive assessment of the global minerals sector amid surging demand driven by the energy transition, advanced manufacturing, and mounting supply-chain pressures.

The report stressed that minerals have become a strategic pillar of energy security and long-term industrial development, calling for a shift from diagnosis to implementation through clear policies, targeted investment, and broader international cooperation.


Saudi Arabia’s Maaden Adds 7.8 Million Ounces of Gold to Its Resources

The Mahd Ad Dhahab mine operated by Maaden (SPA). 
The Mahd Ad Dhahab mine operated by Maaden (SPA). 
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Saudi Arabia’s Maaden Adds 7.8 Million Ounces of Gold to Its Resources

The Mahd Ad Dhahab mine operated by Maaden (SPA). 
The Mahd Ad Dhahab mine operated by Maaden (SPA). 

The Saudi Arabian Mining Company (Maaden) has recorded a major milestone in its drive toward global leadership, announcing the addition of 7.8 million ounces of gold to its mineral resources.

The announcement came on the eve of the International Mining Conference, which opens Tuesday in Riyadh. Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef said the Kingdom’s mining sector is now the fastest growing in the world.

The increase is the result of intensive exploration and resource development programs carried out at four strategic sites across Saudi Arabia. These include the Mansourah–Massarah mine - the Kingdom’s newest and largest - along with Umm al-Salam, Uruq 20/21, a new discovery at Wadi al-Jaw, additional sites within the Central Arabian Gold Region, and the historic Mahd Ad Dhahab mine.

The achievement reinforces Maaden’s strategy of positioning mining as the third pillar of Saudi industry and a key driver of economic diversification under Vision 2030.

In January last year, Maaden announced the discovery of several gold- and copper-bearing sites at Wadi al-Jaw and Jabal Shayban, as well as evidence of strong gold mineralization beneath its main open-pit operations at Mansourah–Massarah, though data at the time was insufficient to estimate scale and grade.

Strategy Bearing Fruit

Commenting on the latest results, Maaden Chief Executive Officer Bob Wilt said in a statement published on the Saudi Exchange (Tadawul) that the discoveries provide clear proof the company’s long-term strategy is delivering tangible results. He added that continued investment in Saudi Arabia’s gold potential would strengthen future cash flows and bolster Maaden’s global financial standing.

Wilt noted that the company is still at an early stage in unlocking the vast potential of the Arabian Shield, stressing that the depth and breadth of Maaden’s resource portfolio - from operating mines to early-stage discoveries - highlight the scale of opportunity. Strong drilling results, he said, demonstrate sustainable growth and the ability to convert geological prospects into high-value mineral assets.

Beyond gold, Wilt pointed to promising early indicators for base metals at sites such as Jabal Shayban and Jabal al-Wakil, including copper, nickel, and platinum, minerals central to advanced global industries.

Mansourah–Massarah Expansion

Updated resource estimates at Mansourah–Massarah underscore the scale of expansion underway. Resources now stand at 116 million tons with an average grade of 2.8 grams of gold per ton, equivalent to 10.4 million ounces. Expansion and conversion drilling identified an additional 4.2 million ounces, translating into a net annual increase of 3 million ounces after technical adjustments.

Integrated Discoveries

At Umm al-Salam and Uruq 20/21, total resources reached 50.6 million tons at an average grade of 2.1 grams per ton, adding 3.41 million ounces. These discoveries directly support plans to expand the Mansourah–Massarah processing hub, improving efficiency and lowering costs.

At Wadi al-Jaw, Maaden announced an initial estimate of 3.08 million ounces of gold from 76.8 million tons, identified in just over a year following extensive drilling across 55 kilometers. Exploration continues in surrounding areas, including Jabal Wa’lah.

In the Central Arabian Gold Region, Maaden also confirmed a new discovery at Al-Rajum North mine, while drilling at Mahd Ad Dhahab has successfully expanded mineralization beyond existing models, extending the mine’s operational life.