Balance of Power Senate Risks Partial Shutdown, DHS Funding Talks Stall
Jan 28, 2026
Michael Regan, Bloomberg U.S. Equities managing editor, offers market and AI-capex perspective. Jeannie Shanzano, Harvard Kennedy School visiting fellow, provides Democratic analysis. Rick Davis, Republican strategist at Stonecourt Capital, gives the GOP view. They discuss stalled DHS funding talks after a Minnesota shooting, partisan fights over ICE reforms, Senate negotiating options, and market impacts ahead of Fed Day and earnings.
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DHS Talks Are Stalled Despite Ongoing Negotiations
- Senate talks with the White House are happening but show little progress as the Jan. 30 DHS funding deadline approaches.
- Negotiations may rely on non-legislative executive actions because lawmakers doubt a fast statutory fix will pass the House.
Democrats Demand Legal Safeguards For ICE Funding
- Democrats insist on statutory changes like mandatory body cameras and warrant requirements for ICE before approving DHS funding.
- Republicans prefer executive fixes, but those lack the binding guarantees Democrats want.
Minneapolis Fallout Splits Republicans
- The Minneapolis shooting has fractured GOP support for the administration, with senators like Tom Tillis and Lisa Murkowski calling for Kristi Noem to go.
- Republican willingness to investigate increases the pressure beyond immediate funding fights and could lead to oversight hearings in March.