TRUMP: Shutdown on October 1
The US government will suspend operations
Last shutdown lasted 35 days and cost billions
Hereâs what it means for markets and crypto
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â Donald Trump warned that a government shutdown may start on October 1 if Congress does not reach a funding deal
â The Senate blocked both proposals - neither the Republican nor the Democratic plan passed during the key vote
â Democrats demand more healthcare funding while Republicans insist on a clean extension only until November 21
â Trump accused Democrats of wanting to close the country but praised Senator John Fetterman for siding with the GOP stopgap
â On Friday, House Republicans passed a continuing resolution to keep the government open through November
â Trump celebrated the move as âan amazing voteâ and highlighted GOP unity in the lower chamber
â However, the Senate rejected the measure in a 48-44 vote, setting the stage for a shutdown crisis
â Two Republicans - Lisa Murkowski and Rand Paul - also joined Democrats in opposing the bill
â Trump directly accused Democrats of tying the funding fight to cultural and social demands
â He argued that Democrats are blocking government operations to push for more spending and progressive causes
â According to him, issues like trans rights and crime reform were used as bargaining chips
â Trump framed the situation as Democrats preferring to shut down the government instead of compromising
â Senator John Fetterman became the lone Democrat to support the GOP stopgap
â Trump highlighted his decision as proof that not all Democrats want a shutdown
â The unusual praise for Fetterman signaled Trumpâs attempt to reward bipartisan breaks in the party line
â This move also aims to put pressure on other Democrats by showing cracks within their caucus
â The looming shutdown coincides with a nine-day Senate recess, increasing urgency for negotiations
â A government shutdown would suspend many non-essential operations and delay pay for federal workers
â Essential services like military operations and Social Security would continue but under strain
â Economists caution that even a short shutdown could slow Q4 growth and unsettle markets
â The U.S. has already seen 21 shutdowns since 1976, with the longest lasting 35 days under Trump in 2018-2019
â That episode highlighted how damaging shutdowns can be for federal employees and contractors
â Trumpâs role in the longest shutdown makes his current criticism of Democrats appear ironic
â However, his base often views such battles as proof that Trump is fighting against Washington elites
â Trump also condemned 58 House Democrats for voting against a resolution honoring Charlie Kirk
â He tied their opposition to a wider hostility toward conservative values and allies
â This allowed him to link the shutdown battle with the ongoing cultural divide in U.S. politics
â By merging these narratives, Trump reinforces the idea that Democrats obstruct both governance and national values
â Political analysts argue that Trump is weaponizing the shutdown threat to consolidate influence
â By blaming Democrats for obstruction, he shifts responsibility away from Republicans
â This strategy energizes his supporters, who see dysfunction in Washington as evidence of Trumpâs message
â The approach ensures that Trump remains at the center of the political narrative regardless of outcome
â Shutdowns historically carry political risks for Republicans, who are often blamed more than Democrats
â If services are disrupted, moderates may view Trump and his allies as reckless
â Financial markets could react with higher volatility and borrowing costs if the standoff lingers
â Such risks could weaken the GOPâs leverage despite Trumpâs framing of Democrats as culprits
â The standoff takes place against the backdrop of $37.5 trillion U.S. national debt
â Rising interest costs already strain fiscal policy and investor confidence in Treasury markets
â A shutdown adds further pressure at a time when inflation risks remain elevated
â Trumpâs strategy may deliver short-term political gains but risks long-term economic instability
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Picture this: a lone trader in the dead of night, fumbling through a labyrinth of incompatible chains, their assets marooned like ships in fog-shrouded ports. Enter WCT, the ethereal conductor orchestrating harmony across blockchainâs chaotic symphony. Born from WalletConnectâs visionary core, this token isnât just fuelâitâs the gravitational force binding DeFiâs exploding multiverse, where Layer 2s multiply like digital fractals and cross-chain quests redefine liquidity.
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