Republican leaders in Congress say they'll pursue a path to ending the Homeland Security shutdown

WASHINGTON (AP) — House Speaker Mike Johnson and Senate Majority Leader John Thune announced Wednesday a plan to fully fund the Department of Homeland Security, moving past a split between the two Republican leaders that resulted in Congress leaving Washington last week without a fix to a record-setting partial government shutdown.

They said in a joint statement that “in the coming days” Republicans in Congress will return to a Senate plan to fund most of the department through an agreement with Democratic senators, with the exception of U.S. Immigration and Customs Enforcement and U.S. Border Patrol. Republicans would then try later to fund those agencies through party-line budgeting legislation.

Neither outcome is guaranteed, and the strategy could potentially still face opposition from the GOP’s own ranks.

“We appreciate and share the President’s determination to once and for all bring an end to the Democrat DHS shutdown,” said Johnson, R-La., and Thune, R-S.D.

The plan represents a do-over of what senators had in mind when, early Friday, they passed a bipartisan funding agreement through unanimous consent. The Senate could approve similar legislation as soon as Thursday morning through unanimous consent, but even if that happens, it's unclear how quickly the bill could move through the House. It will likely take several months for Republicans to also pass budgeting legislation to fund ICE and border patrol.

House Republicans refused to go along with the Senate plan last week, instead changing the bill to fund all of DHS for 60 days.

As a result, the shutdown continued as lawmakers left for their home states and congressional districts for a two-week recess. The DHS shutdown reached its 47th day on Wednesday.

Senate Democratic leader Chuck Schumer, in a statement, said "Republican divisions derailed a bipartisan agreement, making American families pay the price for their dysfunction."

The announcement from the GOP leaders showed that for now, Thune and Johnson are on the same page. Their working relationship experienced a rupture late last week when Johnson — at the urging of many House Republicans — rejected Thune’s plan.

The top Republicans are hopeful the path ahead will win over skeptical GOP colleagues, especially because President Donald Trump has given his support for the emerging strategy. But the most conservative lawmakers are likely to demand full funding for all of Trump’s immigration and deportation operations.

It is uncertain whether Johnson could find enough support from the House to recall lawmakers back to Washington before their spring recess ends in mid-April.

Meanwhile, the narrow budget package being prepared is expected to fund ICE and Border Patrol through the remainder of Trump’s term, as a away to try to ensure those agencies are no longer at risk from Democrats objecting to the president’s immigration enforcement agenda.

Earlier Wednesday, Trump weighed in on the shutdown, using a social media post to seemingly call on Republicans to fund the immigration portions of DHS through a bill that would not require Democratic support. He said he wanted the legislation on his desk by June 1.

“We are going to work as fast, and as focused, as possible to replenish funding for our Border and ICE Agents, and the Radical Left Democrats won’t be able to stop us,” Trump said.

House Democratic leader Hakeem Jeffries reacted to the announcement by saying in a statement, “It’s time to pay TSA agents, end the airport chaos and fully fund every part of the Department of Homeland Security that does not relate to Donald Trump’s violent mass deportation machine.”

Sen. Majority Leader John Thune, R-S.D., speaks during a news conference after a policy luncheon on Capitol Hill, Tuesday, March 24, 2026, in Washington. (AP Photo/Mariam Zuhaib)

Speaker of the House Mike Johnson, R-La., speaks during a news conference on Capitol Hill, Friday, March 27, 2026, in Washington. (AP Photo/Mariam Zuhaib)

NEW YORK (AP) — Elon Musk's space exploration company has filed preliminary paperwork to sell shares to the public, according to two sources familiar with the filing, a blockbuster offering that would likely rank as the biggest ever and could make its founder the world's first trillionaire.

A SpaceX IPO promises to be one of the biggest Wall Street events of the year, with several investment banks lining up to help raise tens of billions to fund Musk's ambitions to set up a base on the moon, put datacenters the size of several football fields in orbit and possibly one day send a man to Mars.

The sources spoke on condition of anonymity because they were not authorized to talk publicly about the confidential registration with the Securities and Exchange Commission.

SpaceX did not respond immediately to a request for comment.

Exactly how much SpaceX plans to raise has not been disclosed but the figure is reportedly as much as $75 billion. At that level, the offering would easily eclipse the $29 billion that Saudi Aramco raised in its IPO in 2019.

The offering, coming possibly in June, could value all the shares of SpaceX at $1.5 trillion, nearly double what the company was valued in December when some minority owners sold their stakes, according to research firm Pitchbook, before an acquisition that increased its size.

Musk owns 42% of the SpaceX now, according to Pitchbook, though that figure will change with the IPO when new owners are issued shares. In any case, he is likely to pierce the trillion dollar mark because he is already close. Forbes magazine estimates Musk's net worth at roughly $823 billion.

In addition to making reusable rockets to hurl astronauts and hardware into orbit, SpaceX owns Starlink, the world’s largest satellite communications company. The company also recently brought under its roof two other Musk businesses, social media platform X, formerly Twitter, and artificial intelligence business, xAI, in a controversial transaction because both the seller and the buyer were controlled by him.

SpaceX has become the biggest commercial launch company in its industry, responsible for sending payloads into orbit for customers across the globe, but has also benefited from big taxpayer spending. That has raised conflicts of interest issues given that Musk was the biggest donor to President Donald Trump's campaign and is still a big backer.

In the past five years, SpaceX won $6 billion in contracts from NASA, the Defense Department and other U.S. government agencies, according to USAspending.gov.

Among current SpaceX owners is Donald Trump Jr, the president's oldest son. He owns a shares through 1789 Capital. That venture capital firm made him a partner shortly after his father won the presidency for a second time and has been buying up federal contractors seeking to win taxpayer money ever since.

The White House and Trump himself have repeatedly denied there are any conflicts of interest between his role as president and his family's businesses.

FILE - A Falcon 9 SpaceX heavy rocket lifts off from pad 39A at the Kennedy Space Center in Cape Canaveral, Fla., Tuesday, Feb. 6, 2018. (AP Photo/John Raoux, File)

FILE - Elon Musk attends the finals for the NCAA wrestling championship, March 22, 2025, in Philadelphia. (AP Photo/Matt Rourke, File)