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DHS funding battle risks shutdown. And, Fed holds rates steady despite Trump pressure

Powell explains the Fed's inflation focus as it holds rates steady and faces pressure from the president.

DHS funding battle risks shutdown. And, Fed holds rates steady despite Trump pressure
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This article1 analysis · Oct 11, 2026

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119 stories · 88–89 · updated Oct 12, 2026

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NCPRvia NPR
Jan 29, 2026
tl;dr

Senate Democrats say they will block a government funding package unless it includes reforms to immigration enforcement, risking a partial shutdown. Separately, the Federal Reserve held interest rates steady despite President Trump's pressure for cuts.

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Federal Reserve chair explaining the rate decision and the Fed's approach to inflation

PRIMARY SUBJECT
John Thune
R · SD · SEN

Senate Republican leader opposing splitting the funding package

Thune's version of this story ↗
Chuck Schumer
D · NY · SEN

Senate Democratic leader seeking immigration-enforcement reforms in the funding package

Schumer's version of this story ↗
Donald Trump
R · President of the United States

President applying pressure on the Federal Reserve to lower interest rates

Trump's version of this story ↗
Joaquin Castro
D · TX-20

Representative who visited the detention center and met with Liam Ramos and his father

Representative who visited the detention center with Joaquin Castro

ALSO MENTIONED  Stephen Miran, White House economist appointed to the Federal Reserve board

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