The U.S. House of Representatives voted to pass a bill on Wednesday that would end the longest U.S. government shutdown in history.
The shutdown started on Oct. 1 after the Congress failed to pass appropriations legislation to fund federal government operations before the previous funding expired.
Democrats have demanded an extension of an enhanced tax credit that lowers the cost of health insurance purchased via Affordable Care Act marketplaces.
However, Republicans have argued that any debate and vote on health care subsidies should be handled separately.
After a 43-day standoff, the bill to restore full funding to federal agencies passed the House.
Asian stock markets, including key indices in Shanghai, Shenzhen, Seoul, Singapore and Tokyo edged higher in early trading on Thursday following the news.
The resumption of the U.S. government will allow all U.S. departments, including those involved in trade negotiations, to resume full operations. As the South China Morning Post reported last week, the shutdown has prevented U.S. agricultural officials from engaging with Chinese companies at a high-profile trade fair.
Representatives from the U.S. Department of Agriculture (USDA) failed to attend this year's China International Import Expo (CIIE) in Shanghai, the SCMP has learned.
The shutdown has also delayed the publication of the closely watched U.S. jobs report and inflation data, which are crucial in determining the U.S. Federal Reserve's next policy actions.
However, White House Press Secretary Karoline Leavitt on Wednesday said the October jobs report and inflation data will likely not be published even after the government reopens.
The Bureau of Labor Statistics has not been able to collect price data and employment information data during the shutdown, according to Politico.
"Democrats may have permanently damaged the federal statistical system with October CPI and jobs reports likely never being released," Leavitt was quoted by Politico as saying in an address to reporters on Wednesday.
"All of that economic data released will be permanently impaired, leaving our policy makers at the [Federal Reserve] flying blind at a critical period," she added.
