US government shutdown looms on January 31

We’re supposed to believe markets won’t freak out?

The last federal government shutdown ended just a few weeks ago. The next may start just a few weeks from now. Congress’ deadline to avoid another shutdown “will be here sooner than you think,” said Politico. Despite a month of work to find a deal that can appease both sides, the Senate last week “gave up on passing a spending package” and adjourned for its holiday recess ahead of the Jan. 30 funding deadline. And when they return, the usual dynamics will be at play.

GOP hardliners in the House want to hold tight on spending and “could start making threats” to Speaker Mike Johnson (R-La.) if they do not get their way. “This is people’s political livelihood on the line,” said Rep. Tony Gonzales (R-Texas).

Democrats say they want a deal. Senate Minority Leader Chuck Schumer (N.Y.) is setting a “very different posture for his party” than he did before the 43-day shutdown that consumed much of the fall, said Punchbowl News. There will be some Democrats who want to use the deadline as “leverage in the Obamacare fight or something else.”

https://theweek.com/politics/new-year-government-shutdown-congress-deadline

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