The U.S. government has been in a shutdown mode for 34 days now — this is almost a record result. On Monday, leaders from both chambers of Congress are seriously discussing a way out of the deadlock for the first time.
What is turned off right now:
Salaries for 2+ million federal employees ( go on unpaid leave )
Payments to American military personnel
The operation of numerous airports and transportation infrastructure
Social assistance programs for vulnerable populations
Numbers that shock:
$1.7 trillion in discretionary funding — a third of the annual budget of the USA — is hanging in the air
34 days of conflict between Trump and Congress
The financial year began on October 1, but the budget has not been adopted.
Potential turning point: Senators from both parties have held a series of closed-door negotiations and seem to have begun seeking a compromise. This could mean that the long game of political poker is finally coming to an end.
Why is this important for the crypto community? A prolonged shutdown increases distrust in government institutions and pushes investors to seek alternatives like Bitcoin.
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The shutdown in the USA enters a critical phase: Congress is looking for a way out.
The U.S. government has been in a shutdown mode for 34 days now — this is almost a record result. On Monday, leaders from both chambers of Congress are seriously discussing a way out of the deadlock for the first time.
What is turned off right now:
Numbers that shock:
Potential turning point: Senators from both parties have held a series of closed-door negotiations and seem to have begun seeking a compromise. This could mean that the long game of political poker is finally coming to an end.
Why is this important for the crypto community? A prolonged shutdown increases distrust in government institutions and pushes investors to seek alternatives like Bitcoin.