 Happy Friday and welcome back to On The Money. I'm Naomi Jagoda, bringing you the latest finance news. A programming note: On The Money will be off for the holidays and will return Jan. 2. See something I missed? Let me know at njagoda@thehill.com or tweet me @njagoda. And if you like your newsletter, you can subscribe to it here: http://bit.ly/1NxxW2N. Write us with tips, suggestions and news: slane@thehill.com, vneedham@thehill.com, njagoda@thehill.com and nelis@thehill.com. Follow us on Twitter: @SylvanLane, @VickofTheHill, @NJagoda and @NivElis. THE BIG DEAL -- Senate leaders have deal for proceeding on House border bill. Sen. Bob Corker (R-Tenn.), emerging from a meeting in Senate Majority Leader Mitch McConnell's (R-Ky.) office, on Friday said Senate leaders have an "agreement" on how to proceed on a House-passed measure funding Trump's border wall. Corker cautioned that it's an agreement on process only but expressed hope it could ultimately lead to a deal to avoid a government shutdown. McConnell and Senate Democratic Leader Charles Schumer (N.Y.) are expected to enter into the agreement on the Senate floor. "This is... will be an agreement between McConnell and Schumer about what next happens on the Senate floor. You'll see them to enter into a little discussion," Corker said. "It charts the course forward that gives us the best chance of actually coming to a solution." Corker said it could avert a government shutdown. "Some of the folks at the White House seem to be optimistic," he said, adding that President Trump "is very aware of what's happening." Alex Bolton on the Senate breakthrough and what's next. How we got here... THE VOTE – Senate vote on House-passed bill stuck in limbo. Congress appeared to be heading toward a partial government shutdown at midnight as lawmakers scrambled for a last-minute deal. President Trump has been insisting that any spending bill include funding for a border wall, and the House passed a stopgap government funding bill with $5.7 billion for the wall and border security last night. But that bill quickly found itself stuck in Senate limbo. The Senate began taking an initial procedural vote on the House-passed bill at 12:31 p.m., but ran into problems. The Hill's Jordain Carney has more on the vote here. THE TALKS – White House officials powwow with Schumer. Vice President Pence, White House chief of staff Mick Mulvaney and White House adviser Jared Kushner met with Senate Democratic Leader Charles Schumer (N.Y.) in a last-ditch effort to avoid a partial government shutdown. The meeting with senior administration officials and the Democratic leader was one of several negotiations taking place in the Senate. Retiring Sens. Jeff Flake (R-Ariz.) and Bob Corker (R-Tenn.) are trying to negotiate a bipartisan deal with Democrats that could pass both chambers, win the president's signature and avoid a government shutdown. Flake is pushing a deal that would reauthorize the Deferred Action for Childhood Arrivals (DACA) program in exchange for border-wall funding. Sen. Lamar Alexander (R-Tenn.), a senior member of the Senate Appropriations Committee, meanwhile is urging colleagues to find a compromise based on the Homeland Security funding bill that the Senate Appropriations Committee passed in June by a margin of 26 to 5. That bill would provide $1.6 billion for border fencing, which is more than the $1.3 billion that Schumer and House Democratic Leader Nancy Pelosi (Calif.) have proposed in their latest offer to Trump. Alex on lawmakers scrambling to negotiate a final deal. THE MARKETS -- Dow has worst week since 2008. The Dow Jones Industrial Average fell over 1,500 points this week, including a 400-point drop on Friday alone, in what CNBC called the worst weekly performance since the 2008 global financial crisis. Markets reeled this week as the Federal Reserve Bank raised interest rates, while investors were also rattled over a potential government shutdown and the resignation of Defense Secretary James Mattis. The Nasdaq, another major stock index, fell into a bear market, posting a drop of 22 percent since its peak in August. The index fell over 8 percent this week alone. With Friday's close, stocks remained in the red for the year. Both the Dow and the S&P 500 closed over 9 percent below their opening value at the start of the year. Niv Elis on the markets here. THE (LONG) DAY SO FAR IN SHUTDOWN NEWS: - President Trump started the day with a series of tweets on the government funding saga, including one where he said Democrats would be to blame if there was a shutdown. That's a reversal from last week, when he said he'd be "proud" to shut down the government over border-wall funding.
- Trump also urged Senate Majority Leader Mitch McConnell (R-Ky.) to use the "nuclear option" and eliminate the legislative filibuster so that a spending bill with wall funding only needs 51 votes to pass. But McConnell has rejected that idea, as have several other Republican senators.
- A group of Senate Republicans met with Trump at the White House this morning. McConnell said after the meeting that he will continue to negotiate with the president.
- Senate Republicans say they are looking for more clarity about what Trump would be willing to sign besides the House-passed bill.
- Some Senate Republicans are proposing to save the stalled House-passed bill by including a reauthorization of the Deferred Action for Childhood Arrivals program.
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