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Senate passes resolution to begin budget reconciliation to fund DHS

April 23 (UPI) — Senate Republicans were up all night voting, eventually adopting a budget reconciliation package Thursday morning to prepare to fund the Department of Homeland Security.

The Senate plans to fund the department without Democrats’ help. The resolution was adopted at around 3:30 a.m. EDT Thursday by a vote of 50-48 after about six hours.

The only Republicans to vote against the resolution were Sens. Lisa Murkowski, R-Alaska, and Rand Paul, R-Ky. The bill now goes to the House. If the House adopts the resolution, the final funding bill can be written and voted on by Congress.

They are following a deadline of June 1 set by President Donald Trump.

“We have a multistep process ahead of us, but at the end Republicans will have helped ensure that America’s borders are secure and prevented Democrats from defunding these important agencies,” said Senate Republican Leader John Thune, R-N.D.

Thune told fellow senators to keep the package narrow to ensure speedy passage.

Since the January deaths of Renee Good and Alex Pretti in Minnesota, both shot and killed by DHS officers, Democrats have refused to support funding the department without reforms. The department has been shut down since Feb, 14, though Trump told the department to use emergency funds to pay essential workers.

Just before the Easter recess, the Senate passed a bill that would fund most of DHS but not ICE and Border Patrol. But the House rejected it.

Republicans are hoping to fund the department through 2029 at a cost of between $70 and $80 billion.

The late-night vote-a-rama included votes about amendments that could be added to the resolution. Two Republican Senators who are vulnerable in the November elections — Sens. Susan Collins, R-Maine, and Dan Sullivan, R-Alaska — broke ranks on some amendments.

Collins and Sullivan voted for amendments to lower health care costs, to reverse last year’s Supplemental Nutrition Assistance Program cuts and to tackle insurance companies that delay or deny medical care. Sen. Josh Hawley, R-Mo., joined with Collins and Sullivan on the latter.

Sen. Bernie Sanders, I-Vt., also sponsored an amendment that would tell the budget committee chair to help cut prescription drug prices by half. Hawley, Collins and Sullivan supported Sanders on it. Sanders said his amendment would codify ensuring that Americans wouldn’t pay more for prescriptions than Canadians or Europeans.

The amendments wouldn’t have the power to force Republicans’ hands, but they would make Republicans go on record about their views of these items.

“This reconciliation, or this budget act, will show who’s on whose side, and clearly if Republicans vote against our amendments, they’re not on the side of the American people,” Democratic Leader Chuck Schumer, D-N.Y., said on the Senate floor.

Homeland Security Secretary Markwayne Mullin told Fox and Friends on Tuesday that the department will run out of money for salaries next month.

“I’ve got one payroll left, and there is no more emergency funds so the president can’t do another executive order because there’s no more money there,” The Hill reported he said.

The resolution does not include the SAVE America Act, the voter security bill that Trump and other Republicans have pushed for. Sen. John Kennedy, R-La., sponsored an amendment to add similar restrictions, but it failed 48-50. Collins, Murkowski, Sen. Thom Tillis, R-S.C., and Sen. Mitch McConnell, R-Ky., voted against it.

FBI Director Kash Patel speaks during a press conference at Department of Justice Headquarters on Tuesday. The Trump Administration announced charges against the Southern Poverty Law Center, which the government alleges funneled over $3 million toward white supremacist and extremists groups. Photo by Bonnie Cash/UPI | License Photo

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Norway Signals Syria’s Financial Comeback, Lifts Wealth Fund Ban on Syrian Bonds

Norway is preparing to lift restrictions preventing its $2.2 trillion sovereign wealth fund from investing in government bonds issued by Syria.

The move follows the political transition after the ousting of Bashar al-Assad and the rise of Ahmed al-Sharaa, whose government has been seeking economic recovery and international reintegration after more than a decade of war and sanctions.

At the same time, Norway plans to newly restrict investments in bonds issued by Iran, aligning with ongoing international sanctions.

Policy Shift and Financial Context

The Norwegian sovereign wealth fund, the largest in the world, plays a major role in global financial markets. Its investment decisions often influence broader investor behaviour.

The updated policy removes Syria from the exclusion list for government bonds while adding Iran, reflecting changing geopolitical and sanctions dynamics.

Although the fund does not currently hold investments in Middle Eastern government bonds, the policy shift opens the door for future allocations and signals a reassessment of risk and legitimacy.

Geopolitical Significance

Norway’s decision represents a notable step toward Syria’s re-entry into the global financial system. It comes alongside other developments, including the restoration of Syria’s financial links with international institutions after years of isolation.

The move also highlights a divergence in how states are being treated: while Syria is gradually being reintegrated, Iran remains economically isolated due to continued tensions and sanctions.

As one of the world’s most influential sovereign investors, Norway’s stance could encourage other countries and institutions to reconsider their own restrictions on Syria.

Analysis

The decision reflects a broader recalibration of international economic engagement based on political change and shifting strategic priorities. By opening the possibility of investment in Syrian bonds, Norway is signalling cautious confidence in the new government’s direction and stability.

At the same time, the move remains largely symbolic in the short term. The wealth fund has no immediate exposure to Syrian debt, and actual investment will depend on risk assessments, market conditions, and institutional safeguards.

More importantly, the policy underscores how financial tools are increasingly used as instruments of foreign policy. Inclusion or exclusion from global capital markets can legitimise governments, incentivise reforms, or reinforce isolation.

In Syria’s case, gradual financial reintegration could support reconstruction and economic recovery, but it also raises questions about governance, transparency, and long-term stability after years of conflict.

With information from Reuters.

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