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Government Shutdown Odds Continue to Spike
Cheddar News
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2 months ago
Prediction markets have pushed the likelihood of a U.S. government shutdown to around 70 percent, reflecting deepening skepticism about last-minute funding.
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Prediction markets have pushed the likelihood of a U.S. government shutdown to around 70 percent,
00:05
reflecting deepening skepticism about last-minute funding deals.
00:09
If a shutdown begins October 1st, critical economic releases, like the upcoming September jobs report,
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could be delayed, complicating the Federal Reserve's monetary policy choices.
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While core services and national security operations would continue,
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many federal employees would face furloughs and non-essential programs may be halted.
00:29
Markets are bracing for volatility, although historically equities have shown surprising resilience during past shutdowns.
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