The U.S. Government Shutdown May Come to an End Soon to Stop Market Volatility
The 11-day long shutdown in the U.S. government may have come to a resolution after Democrats suggest a separate bill on funding, while U.S. President seeks for a deal to end this shutdown as well.
The U.S. Government has been officially and partially shut down since December 22, 2018, when the House and Senate could not find common ground on Trump’s request for $5 billion wall funding, making some departments paralyzed during long holidays.
On December 31, 2018, it was reported that Democrats plan to pass two separate bills, one reopening eight departments through September 2019 and another temporarily reopening the Department of Homeland Security through February 8, 2019. Which would allow negotiations over Trump’s request for border wall money to continue while the rest of the government would reopen.
And it seems like U.S. President does interest in the idea, or maybe he also comes up with another plan when he tweets “Border Security and the Wall “thing” and Shutdown is not where Nancy Pelosi wanted to start her tenure as Speaker! Let’s make a deal?”
The idea of separate bills from Democrats seems like a good idea to disentangle the crux, but in the meantime, Trump will lose a majority of his hostages if he agrees to Democrats’ terms.
The U.S. shutdown is one of a reason for the volatility not just in Wall Street, but in global markets as there is no telling when this gridlock will be settle. The disagreement in the funding is considered the first gridlock since the mid-term election in the U.S.