On November 9, 2025, the U.S. Senate officially reached an agreement to end the federal government shutdown, marking a temporary conclusion to this 40-day political deadlock. This news quickly alleviated market and public anxiety after being reported by U.S. media.
The current shutdown began on October 1 due to Congress's failure to pass a spending bill before the fiscal year change, with core disagreements arising from the negotiations between the Democratic and Republican parties over issues such as the extension of subsidies under the Affordable Care Act. During the shutdown, 750,000 federal employees were forced into unpaid leave or worked without pay, food assistance relied on by 42 million people was temporarily halted, flights at 40 major airports nationwide were widely delayed or canceled, totaling over 1,000 flight cancellations and 4,800 delays, and the U.S. fourth quarter GDP growth forecast was significantly impacted, with consumer confidence index falling to its lowest level in nearly two years.
The deadlock was broken thanks to a compromise by the Democrats, who no longer insisted on including the extension of healthcare subsidies directly in the short-term funding bill, instead agreeing to proceed with related negotiations separately. This adjustment cleared a key obstacle for the two parties to reach a consensus. However, the agreement reached in the Senate still needs to be approved by the House of Representatives to take effect, and the differences between the two parties on long-term budget arrangements have not yet been fully bridged. The market reacted positively to the agreement, with the S&P 500 index having already rebounded due to the progress of negotiations, and share prices in impacted sectors such as airlines recovering.
This record shutdown has once again exposed the deep-seated contradictions in the political polarization between the two parties in the United States. Although the crisis has been temporarily resolved, the budget negotiations in the coming months will still test the ability of the two parties to cooperate, and the stability of the federal government's operation remains uncertain.
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