With markets in turmoil, it's easy to overlook the growing risk of a U.S. government shutdown.
A three-week market sell-off intensified today as investors worry that unpredictable policies from the Trump administration are pushing the economy into recession.
The S&P 500 is down 9.1% from its February high, the Nasdaq 14%, and the Russell 2000 18%. A 10% decline is considered a correction.
Bitcoin also dropped below $80,000, while the USD and gold are seeing some weakness.
Meanwhile, Lawmakers have until Friday, March 14, to pass a funding bill. But House Republicans must secure near-unanimous support.
The longest shutdown in history lasted 34 days in 2018 over Trump border wall funding. Now, Democrats again hold key leverage. While Republicans have a House majority, they need Democratic support in the Senate to pass funding. Some see this as a rare chance for Senate Democrats to challenge Trump’s/ Elon Musk’s cuts via the Department of Government Efficiency, though it’s unclear if they will take that risk.
A three-week market sell-off intensified today as investors worry that unpredictable policies from the Trump administration are pushing the economy into recession.
The S&P 500 is down 9.1% from its February high, the Nasdaq 14%, and the Russell 2000 18%. A 10% decline is considered a correction.
Bitcoin also dropped below $80,000, while the USD and gold are seeing some weakness.
Meanwhile, Lawmakers have until Friday, March 14, to pass a funding bill. But House Republicans must secure near-unanimous support.
The longest shutdown in history lasted 34 days in 2018 over Trump border wall funding. Now, Democrats again hold key leverage. While Republicans have a House majority, they need Democratic support in the Senate to pass funding. Some see this as a rare chance for Senate Democrats to challenge Trump’s/ Elon Musk’s cuts via the Department of Government Efficiency, though it’s unclear if they will take that risk.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.