| Congress clears funding measure to end shutdown: The House cleared legislation on Monday to end the three-day government shutdown, sending it to President Trump for his signature. Lawmakers voted 266-150 to reopen the federal government and extend funding through Feb. 8, as well as provide money for the Children's Health Insurance Program (CHIP) for six years. Six Republicans voted no, while 45 Democrats voted yes to pass the bill. A government shutdown went into effect early Saturday morning after most Senate Democrats and a handful of Republicans blocked a House-passed temporary spending bill that would have lasted through Feb. 16. Democrats had pledged not to vote for a spending measure unless lawmakers had an agreement on how to ensure protections for young undocumented immigrants brought to the U.S. as children, known as "Dreamers." The House and Senate held emergency sessions over the weekend to break the impasse, but a final resolution didn't emerge until Monday morning. By that time, hundreds of thousands of federal workers were furloughed or working without pay. But the short length of the shutdown, as well as the fact that most of its duration occurred over a weekend, means that its effects will be relatively limited compared to the 16-day shutdown in 2013. Critical government functions were put on hold during the shutdown, even though the Trump administration sought to minimize the effects compared to 2013. The Hill's Cristina Marcos wraps up the day: http://bit.ly/2n1M36Z And click here for more from Alexander Bolton on the Senate vote and the talks leading up to the deal: http://bit.ly/2DyAcb2. Trump: Democrats have 'come to their senses' President Trump on Monday hailed the end of the three-day government shutdown and sought to draw a hard line with Democrats in immigration negotiations. "I am pleased that Democrats in Congress have come to their senses," Trump said in a statement, which White House press secretary Sarah Huckabee Sanders read to reporters at her daily briefing. Trump said he would make a deal with Democrats on immigration "only if it is good for our country," adding that his priority is "solving the problem of very unfair illegal immigration." Trump appears to be feeling emboldened after Democrats in the Senate agreed to a stopgap spending deal with Republicans, dropping their demand that an immigration measure is brought up right away. The Hill's Jordan Fabian tells us why: http://bit.ly/2BjiQch Left says Dems caved on shutdown: Progressives are hammering Sen. Minority Leader Charles Schumer (D-N.Y.) for his agreement with Senate Republican leadership to end the government shutdown on Monday. Even House Minority Leader Nancy Pelosi (D-Calif.) has spoken out against the deal, saying there was no reason to support it. "I don't see that there's any reason -- I'm speaking personally and hearing from my members -- to support what was put forth," Pelosi said at a press briefing shortly before Schumer signaled Senate Democrats would agree to it. Activists took a harsher tone. "It's official: Chuck Schumer is the worst negotiator in Washington – even worse than Trump," said Murshed Zaheed, political director at Credo, a progressive advocacy group. The Hill's Rafael Bernal explains: http://bit.ly/2DvbjwE. GOP revels in fast start for Trump tax law: Republicans are receiving a spate of good news in the wake of their tax-cut bill becoming law. A number of companies have announced bonuses, wage increases and new investments since the law's enactment. And polls have found an uptick in support for the measure, though it still falls short of widespread approval. GOP lawmakers and strategists see vindication in those developments, calling it early proof that the tax law will grow more popular over time and boost the party in the midterm elections. "Tax reform is working. It really is," Speaker Paul Ryan (R-Wis.) said Thursday at the beginning of his weekly press conference. "It's working for families. It's working for businesses. Tax reform is working for our economy." Here's more from The Hill's Naomi Jagoda: http://bit.ly/2DyAr5W. Happy Monday and welcome back to Overnight Finance. I'm Sylvan Lane, and here's your nightly guide to everything affecting your bills, bank account and bottom line. See something I missed? Let me know at slane@thehill.com or tweet me @SylvanLane. And if you like your newsletter, you can subscribe to it here: http://bit.ly/1NxxW2N. On tap tomorrow: Senate Banking Committee: Hearing on the nominations of Jelena McWilliams to be FDIC chair, Marvin Goodfriend to be governor of the Federal Reserve Board, and Thomas Workman to be the FSOC member with insurance experience, 10 a.m. SEC charges six in alleged scheme to tip KPMG on audits: The Securities and Exchange Commission (SEC) on Monday charged six accountants who allegedly shared and misused confidential information about planned audits of KPMG. The SEC alleges that three former employees of the Public Company Accounting Oversight Board (PCAOB), which audits accounting companies, tipped off KPMG on upcoming inspections between 2015 and February 2017. Two of the three former PCAOB employees allegedly gave KPMG confidential information about planned audits as they sought employment at the major accounting firm. The third PCAOB official fed information to his former colleagues after they had joined KPMG, according to the commission. The SEC also filed charges against three former KPMG directors who allegedly encouraged the former PCAOB officials to get confidential information from former colleagues still with the oversight company. All six officials were fired, resigned or placed on leave after the alleged scheme was uncovered, according to the commission. I've got more here: http://bit.ly/2Dw1vCx. IMF raises global growth estimate after enactment of tax law: The International Monetary Fund (IMF) on Monday upwardly revised its global growth estimates for 2018 and 2019, in part because of the new tax law President Trump signed in December. The IMF is now projecting global output to increase by 3.9 percent in both 2018 and 2019. Those figures are up 0.2 percentage points from the IMF's estimates last October. The new U.S. tax law lowers the corporate tax rate from 35 percent to 21 percent and also temporarily lets businesses write off the full cost of their capital investments. "The effects of the package on output in the United States and its trading partners contribute about half of the cumulative revision to global growth over 2018–19," the IMF wrote in its report. The IMF also increased its projections for U.S. growth. It estimates that growth will be at 2.7 percent in 2018, up 0.4 percentage points from its previous estimate, and forecasts growth of 2.5 percent in 2019, 0.6 percentage points higher than the October forecast: http://bit.ly/2DxzD18. White House: Trump has 100 percent confidence in Wilbur Ross: President Trump has "100 percent confidence" in Commerce Secretary Wilbur Ross, the White House said Monday, pushing back on reports the Cabinet official has lost the president's trust. "Absolutely," White House press secretary Sarah Huckabee Sanders said when asked if Trump has confidence in Ross, adding she spoke about it with the president earlier in the day. "He has 100 percent confidence in Secretary Ross," she added. "He loves Wilbur and thinks he has been a great advocate for the administration." The comments came in response to an Axios report that said Trump has been unimpressed with Ross's trade negotiations with China. It also said Ross, 81, has fallen asleep during meetings: http://bit.ly/2DxQzEP. Former Treasury secretary: Trump should use Davos speech to calm nervous world: Former Treasury Secretary Lawrence Summers said Sunday that President Trump must use his appearance at this week's World Economic Forum in Davos, Switzerland, to reassure the world about the United States. "Inevitably, attention will focus on whether the US president projects a commitment to internationalist values or reiterates his commitment to truculent nationalism in the name of making America 'great again,'" Summers wrote in an op-ed for the Financial Times. Trump and several other high-ranking U.S. officials are scheduled to attend the forum in Davos, which runs from Tuesday through Friday. Summers, who served as Treasury secretary during the Clinton administration, said it's fair for Trump to argue that the U.S. must focus on strengthening its domestic economy, but he should also indicate America can be a predictable partner that will engage in diplomacy. "If this is the combination of messages that comes out of Davos, a nervous world may become a bit less nervous. That would be a very good thing for those gathered at the forum -- and everyone else as well," Summers wrote: http://bit.ly/2DvHNqF. Poll: More Americans credit Obama than Trump for economy: More Americans are crediting former President Obama for the state of the economy than President Trump, an ABC News/Washington Post poll found. The poll, released Sunday, found that 50 percent of voters believe the Obama administration deserves credit for the U.S. economy, compared to 38 percent who said the same of the Trump administration. Overall, 58 percent of respondents said that the economy is in good shape, the highest number in 17 years, according to the poll.
Trump has repeatedly taken credit for the state of the U.S. economy, lauding records set by the Dow Jones Industrial Average since he took office, along with lower unemployment numbers. The president most recently tweeted about the economy over the weekend, bragging about the "Record Stock Market." http://bit.ly/2Dw1U81. | 
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