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Trump ends partial government shutdown, reaches deal with Starmer on Chagos military base

US senators accuse Swiss banks of failing to disclose accounts held by Nazi Germany

Feb 4, 2026 04:16 47

Trump ends partial government shutdown, reaches deal with Starmer on Chagos military base  - 1

US President Donald Trump has signed a spending bill that ends the partial government shutdown, DPA reported.

The House of Representatives narrowly approved the bill. The Senate, the upper house of the US Congress, had already given its approval.

The approval of the budget bill provides funding for most of the government until the end of September, with the exception of the Department of Homeland Security. The bill only provides temporary transitional funding for the department as a compromise solution.

Among his responsibilities are the controversial operations of federal agencies targeting migrants. The funding expires next Friday.

The president called for swift action on Monday, writing in Truth Social that he would sign the bill "immediately" once it passed Congress.

The four-day government shutdown was the second of Trump's second term and significantly shorter than the previous one, which ended in November after 43 days – the longest government shutdown in US history.

The latest budget woes follow the fatal shooting of two US citizens in Minneapolis during an aggressive deportation drive enforced by the Trump administration.

This prompted calls from Senate Democrats to block the budget bills because they contained funding for the Immigration and Customs Enforcement (ICE) agency, which is under the Department of Homeland Security.

British Prime Minister Keir Starmer and US President Donald Trump agreed to "continue to work closely to ensure the future functioning" of the UK-US military base on the Chagos Archipelago, Downing Street said. , PA media/DPA reported.

This is the first known discussion between the two leaders about the agreement on the transfer of the Chagos Islands from the United Kingdom, since the US president sharply criticized the agreement last month.

In a statement after their conversation, a spokeswoman for "Downing Street" No. 10 said: "On Diego Garcia and the agreement that the UK has entered into to retain control of the US-UK military base to protect national security, the leaders recognised its strategic importance."

"The leaders agreed that their governments would continue to work closely to ensure the future operation of the base and would liaise again shortly."

Under the deal, which will be worth £35bn ($48bn) over the next century, the UK will cede sovereignty over the British Indian Ocean Territory to Mauritius but will lease back the facility on the island of Diego Garcia.

In January, Trump criticised the deal as "an act of great stupidity", "an act of total weakness" and said the site of the vital military base was being given up "for no reason".

His criticism came at a time when transatlantic tensions have escalated over his ambitions to take control of Greenland, with Starmer accusing him of making the comments with the "explicit purpose of putting pressure" on the UK to withdraw its objections to his claims over the Arctic island.

Last week, Starmer insisted that Trump had initially backed the deal "in very clear terms" after its approval by US intelligence agencies.

He pointed to public statements of support from the US president and his team, who praised the agreement as a "monumental achievement" that secures the long-term future of the joint base on Diego Garcia.

US senators have accused Swiss banks of failing to disclose information about accounts held by representatives of the Nazi regime in Germany during investigations, DPA reported.

At a hearing before the US Senate Judiciary Committee titled "The Truth Revealed: Hidden Facts About the Nazis and Swiss Banks", Senator Chuck Grassley said that the Swiss bank "Credit Suisse", which was acquired by UBS in 2023, did not provide all the information during investigations in the 1990s. since.

By the way, almost 100 Nazi-era accounts have been opened since then, the senator said.

UBS said in Zurich that it welcomed "the opportunity to engage in a constructive dialogue with the Senate committee on the historical legacy of "Credit Suisse".

Robert Karofsky, president of UBS for the Americas, said during the hearing that the bank was continuing its investigation into "Credit Suisse"'s role during the Nazi era and that it was interested in clarifying the issue.

However, he stressed that the financial claims had been settled by a settlement reached in 1999. At that time, it became clear that Swiss banks had kept many accounts of deceased Holocaust victims on their books as "dormant" and that their relatives had often sought access to them, but without success.

The banks agreed to pay $1.25 billion to settle claims by Holocaust survivors and relatives of victims, and the money was paid out by an independent organization in the following years.

All parties confirmed at the time that all claims had been settled by the settlement, Karofsky said.