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House Passes Temporary Funding To Operate Through January 19

Update: Right before ending the session and heading off for a well-deserved holiday, the House passed an $81 billion disaster-relief package in a 251-169 vote. The bill was surprisingly controversial – in part due to the enormous sum being authorized. According to Politico, the fate of the aid package is far from assured in the […]


Schumer, Pelosi Will Meet With Trump To Negotiate Government Funding One Day Before Shutdown

After last week’s snub, when Nanci Pelosi and Chuck Schumer pulled out of a meeting scheduled with Trump when the president tweeted that he was sitting down with “Chuck and Nancy” but that he didn’t “see a deal”, it appears that there has been no bad blood between the president and the top Democrats, because […]


Here Are The Reasons Why Another Government Shutdown Looms

It seems that it was just yesterday when the market was celebrating Trump's avoidance of a government shutdown due to an "unprecedented" bipartisan deal with Democrats, which left Republicans out in the cold. Well, things are once again back to normal. With fewer than 30 sessions left in the year and a heap of legislative […]


Trump Asks That $8 Billion Harvey “Down Payment” Be Added To Debt-Ceiling Bill

Shortly after President Trump backed away from his demand that $1.6 billion in funding for his border wall be included in a continuing-resolution bill to avert a government shutdown, the White House late Friday sent a request for $8 billion in emergency funding for the Hurricane Harvey cleanup effort, and asked that the money be […]


Harvey Destruction Prompts Goldman To Cut Government Shutdown Odds

Having in recent weeks boosted his estimate for government shutdown odds to even, or 50%, in a note overnight from Goldman’s Jan Hatzius, the bank’s chief economists writes that due to the human tragedy from Hurricane Harvey, the odds of a shutdown have been again reduced, back to Goldman’s original estimate of 33%. According to […]


A Look At US Government Shutdowns Since 1976

Investors and politicians are getting increasingly worried about a potential US government shutdown. Earlier we showed that following a report by Axios which quoted a republican who put the chance of a shutdown “as high as 75%”, the T-Bill market got spooked, and pushed the Oct.12 Bill – the one considered closest to the Treasury’s […]