| The longest government shutdown in U.S. history is over—for now. The five-week ordeal will ultimately cost the nation $3 billion, according to the Congressional Budget Office. However, that estimate doesn't incorporate some indirect negative effects of the standoff. Congress has three weeks to come up with a deal, or the whole thing could begin again. —Josh Petri Here are today's top stories Acting Chief of Staff Mick Mulvaney said Trump will close it down a second time or declare an emergency if Congress doesn't give him money for a border wall.
The U.S. Treasury is set to borrow $1 trillion for a second year to finance the government's unprecedented budget deficit. U.S. prosecutors filed charges related to Huawei Technologies, part of a broad crackdown over allegations it has stolen trade secrets, violated sanctions against Iran and sold equipment that could be used by China for spying. The Trump administration sanctioned Venezuela's state-owned oil company and its central bank, raising pressure on the government of President Nicolas Maduro. Facebook committed about $1 billion last year to buying shows for its streaming video tab, Watch. Not many people are watching, Bloomberg Businessweek reports. Roughly $3.4 billion in repairs are underway to Amtrak’s Northeast Corridor. Yet the region’s biggest and most important infrastructure project remains unfunded: a crumbling tunnel under the Hudson river. What's Joe Weisenthal thinking about? The Bloomberg news director is focused on the pivotal round of U.S.-China trade talks scheduled for this week. Regardless of how they turn out, the ongoing trade tensions have elevated concerns about rising Chinese power. Here's what one economics reporter learned while working in China. What you'll need to know tomorrow Keurig owes about $1.6 billion to Italy in back taxes. Boeing got an Obama pep talk after donating to his library fund. Marriott was sued by a housekeeper over guests' sexual misconduct. The U.K. assured citizens there would be enough to eat after Brexit. It could be colder in Chicago than the Arctic by Wednesday. AG nominee William Barr said he wouldn't fire Mueller without cause. Suitors are lining up to keep PG&E from filing for bankruptcy. What you'll want to read: Bloomberg Pursuits Zero-to-60 is shorthand for what anybody buying a Porsche is supposed to care about. But with the all-electric Taycan due out later this year, Porsche executives are talking up a less-exhilarating metric: 60 miles of charge. Watch our latest BW TALKS webcast, The Future of Sports Betting , on Thursday, Jan. 31, free for Bloomberg All Access subscribers. Last May, the Supreme Court struck down the federal law that made sports betting illegal in most states. Bloomberg Businessweek senior editor Bret Begun and Bloomberg News sports business reporters Eben Novy-Williams and Ira Boudway will discuss the forces disrupting this multibillion dollar industry. Not an All Access subscriber? Sign up here. There’s a new way to get the latest business news and analysis from Bloomberg. We’re now on WhatsApp, where you can get on-the-ground updates from reporters, breaking markets news, and more. Download the Bloomberg app: It's available for iOS and Android. | 