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U.S. Government Shutdown Risk Rises as Senate Blocks Funding Bills
U.S. Government Shutdown Risk Rises as Senate Blocks Funding Bills
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BTCCSquare news:
The U.S. government edged closer to a shutdown after the Senate rejected both Republican and Democratic spending bills. The House-approved GOP proposal, which WOULD have extended funding until November 21, failed in the Senate with only 44 of the required 60 votes. Senator John Fetterman stood as the lone Democratic supporter, while Republicans Rand Paul and Lisa Murkowski broke ranks to oppose it.
With current funding expiring October 1 and the Rosh Hashanah holiday limiting legislative days, Raymond James analysts warn the shutdown probability has 'increased significantly.' The stalemate comes as markets face heightened volatility, though cryptocurrency assets remain decoupled from traditional political risks.
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