The daily business briefing: February 12, 2019

Lawmakers reach a tentative deal aiming to avert a shutdown, stock futures rise on hopes for shutdown deal and trade talks, and more

1. Negotiators reach 'agreement in principle' on government shutdown

Republican and Democratic congressional negotiators late Monday agreed in principle to a border security deal that could avoid another partial government shutdown. With a Friday deadline looming, key House and Senate members settled on $1.375 billion for 55 miles of new bollard fencing, made with spaced steel posts, at the Mexican border, 10 miles less than Democrats agreed to before regaining control of the House, and a fraction of the $5.7 billion, 200-mile wall President Trump demanded through the recent government shutdown. The deal still must quickly pass the House and the Senate, and get Trump's signature, to keep all government agencies open. Negotiators also agreed to reduce the number of migrants who can be held in detention, although Democrats backed away from sharper limits that threatened to derail talks.

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