Breaking News! Partial US Government Shutdown as Congressional "Lull" Sparks Fiscal Crisis
On January 31st, local time, the US government officially entered a partial shutdown, triggered by a congressional "timing error" blunder.
Previously, the Senate quickly passed a spending bill to fund most federal departments, but at that time, most House members had already left Washington and would not return until February 2nd (Monday).
As a result, the bill could not be promptly voted on in the House, directly causing some government agencies to shut down due to funding shortages.
This sudden situation once again exposes the inefficiency and political gamesmanship between the two US parties on fiscal issues. Although the bill passed by the Senate could have avoided a full shutdown, the House's "lull period" still brought the crisis as scheduled.
During the shutdown, affected government departments will suspend non-essential services, and federal employees may face unpaid work or forced leave.
Market reactions were immediate: safe-haven asset gold rose sharply, while the US dollar index came under slight pressure. Investors are generally concerned that if the shutdown continues, it will not only further damage US economic confidence but also potentially interfere with the Federal Reserve's monetary policy pace.
Currently, all eyes are on whether the House members can quickly push the bill for a vote and end the shutdown crisis after returning on February 2nd.
This incident undoubtedly casts a heavy shadow over the already unpredictable start of 2026.
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Breaking News! Partial US Government Shutdown as Congressional "Lull" Sparks Fiscal Crisis
On January 31st, local time, the US government officially entered a partial shutdown, triggered by a congressional "timing error" blunder.
Previously, the Senate quickly passed a spending bill to fund most federal departments, but at that time, most House members had already left Washington and would not return until February 2nd (Monday).
As a result, the bill could not be promptly voted on in the House, directly causing some government agencies to shut down due to funding shortages.
This sudden situation once again exposes the inefficiency and political gamesmanship between the two US parties on fiscal issues. Although the bill passed by the Senate could have avoided a full shutdown, the House's "lull period" still brought the crisis as scheduled.
During the shutdown, affected government departments will suspend non-essential services, and federal employees may face unpaid work or forced leave.
Market reactions were immediate: safe-haven asset gold rose sharply, while the US dollar index came under slight pressure. Investors are generally concerned that if the shutdown continues, it will not only further damage US economic confidence but also potentially interfere with the Federal Reserve's monetary policy pace.
Currently, all eyes are on whether the House members can quickly push the bill for a vote and end the shutdown crisis after returning on February 2nd.
This incident undoubtedly casts a heavy shadow over the already unpredictable start of 2026.