Senate Minority Leader Chuck Schumer said he would back a Republican-led stopgap bill to avert a government shutdown, 24 hours after he said he wouldn't.

The market, in turn, has tumbled as Trump’s trade war sparks fears of a forthcoming recession. Last week, the Dow dropped 670 points. This week, the slump continued, reacting to Trump’s 25 percent levy on all steel and aluminum imports, and the retaliatory tariffs slapped on American goods by countries around the globe in protest.