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Johnson Says No Quick House Vote to End Partial Shutdown and Blames Democrats for Their ICE Demands
The partial shutdown caused Bitcoin to drop nearly 7% weekly and increased contract risks for prediction markets amid thin weekend liquidity, analysts said.
- On Saturday, U.S. federal departments were hit by a partial shutdown after a missed midnight funding deadline, adding headline risk amid thin weekend liquidity and pressuring bitcoin and crypto markets.
- Democrats demanded new DHS funding be tied to immigration-enforcement reforms after the killings of Alex Pretti on January 24 and Renee Good on January 7, pushing for stricter rules on agents.
- Markets showed concrete downside: bitcoin around $83,559, up 1% on the day but down roughly 6.8% over the week; ether near $2,686, down 1.9% and XRP near $1.72, down 1.6%.
- The House is expected to return on Monday to vote on the package, and air traffic controllers will report for duty without pay if the lapse extends, officials say.
- Because a shutdown can be `shut` on paper for two days, contract rules become crucial as prediction markets forced traders to `think like lawyers` and FEMA's $7 billion to $8 billion fund could face strain.
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19 Articles
Associated Press News+6 Reposted by 6 other sources
Johnson says no quick House vote to end partial shutdown and blames Democrats for their ICE demands
House Speaker Mike Johnson says it'll be a few days before a government funding package comes up for a vote in the House.
·United States
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The "US in French" account is followed by more than 134,000 subscribers on the social network.
·Paris, France
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Here's What to Know About Latest Shutdown
The partial government shutdown that kicked off on Saturday is vastly different from the record closure in the fall. That's mostly because the shutdown may not last long, per the AP . The House will try to pass funding legislation quickly when lawmakers return on Monday, and that would end the...
·Miami, United States
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Coverage Details
Total News Sources19
Leaning Left4Leaning Right0Center7Last UpdatedBias Distribution64% Center
Bias Distribution
- 64% of the sources are Center
64% Center
L 36%
C 64%
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