#特朗普警告9月政府停摆 Local time on July 22, US President Trump mentioned in a speech in Georgia that, due to disagreements between the Republican Party and the Democratic Party over spending priorities, the US federal government would face a “shutdown” in September. On July 21 local time, the US House of Representatives, controlled by the Republican Party, passed a short-term appropriations bill that would fund federal government agencies through December 4 to prevent a “shutdown” before the midterm elections in November due to running out of funds. This temporary appropriations measure is also known as a “continuing resolution.” After the bill is passed, it will be submitted to the Senate for review. Currently, Republican leaders in the Senate are holding negotiations with the Democratic Party and considering proposing their own short-term appropriations plan. If Congress fails to pass the appropriations bill in time, funding for most federal government agencies and programs will expire at midnight on September 30, at the end of the current fiscal year.

#特朗普警告9月政府停摆 Local time on July 22, U.S. President Trump, speaking in Georgia, said that due to disagreements between the Republican and Democratic parties over spending priorities, there will be a federal government “shutdown” in September. Local time on July 21, the U.S. House of Representatives, controlled by Republicans, passed a short-term appropriations bill that will fund federal government agencies until December 4 to prevent a “shutdown” from occurring before the midterm elections in mid-November due to funds running out. This temporary appropriations measure is also known as a “continuing resolution.” After the bill passes, it will be submitted to the Senate for consideration. At present, Republican leaders in the Senate are negotiating with Democrats and are considering putting forward their own short-term appropriations proposal. If Congress fails to pass the appropriations bill in time, funding for most federal government agencies and programs will expire at midnight on September 30, i.e., at the end of the current fiscal year.

Impact: bearish bias. Increased risk of a U.S. government shutdown raises uncertainty in global markets and may trigger a rise in short-term risk-avoidance sentiment. #夏日创作营