U.S. stocks began the month on a positive note, with a Monday rally nudging the Nasdaq Composite to 5,000 — a level not reached since 2000 for the tech-heavy index —while the Dow Jones Industrial Average also traded in record territory.
The Nasdaq Composite capped its long march back to 5000 Monday, eclipsing the level for the first time since March 2000.
Lawmakers return Monday to the Capitol without a clear path out of the shutdown showdown over homeland security funds, with Senate Democrats resisting any negotiations and House Republicans determined to block President Obama’s deportation amnesty.
Multiple reports that House Speaker John Boehner has cut a deal to pass a long-term funding bill for the Department of Homeland Security without ties to rolling back President Obama’s executive action on immigration has reignited rumblings about a Boehner coup.
The new director of the Secret Service says his agency is working to “regain the trust” of the public after a series of security breaches.
Mass surveillance will continue for now, but is set to expire on June 1—unless Congress acts.
Congress passed a one-week stopgap funding measure late Friday to avert a partial shutdown of the Department of Homeland Security at midnight, sending the bill on to President Obama for his expected signature.
The Senate moved late Friday to try to pull the Department of Homeland Security back from the brink of a partial shutdown after the House failed to pass a 20-day stopgap funding bill, hurtling the agency toward a critical midnight deadline.