Trump names his Fed chair nominee and strikes a deal with Senate Democrats ahead of a government shutdown deadline.

Senate Banking Committee leaders are split on President Donald Trump’s choice of Kevin Warsh to be the next chairman of the Federal Reserve, while a key Republican on the panel is standing firm on his plans to oppose any nomination until a legal action against the Fed is resolved.

Senate leaders have a bipartisan funding deal in hand but it remains to be seen whether they will avert a costly government shutdown as the clock ticks down toward Friday’s midnight deadline.

Government shutdown all but guaranteed as House Speaker Mike Johnson, R-La., says earliest action on Senate-passed spending bill is Monday, with two-thirds majority potentially needed.

The U.S. Senate Agriculture Committee, which oversees commodities trading, advanced a bill on Thursday ‌that would establish a federal regulatory framework for cryptocurrencies on a party-line vote, an indication that the legislation likely lacks enough support to be passed by the full Senate.