Partisan Stalemate Intensifies: 20% Likelihood of Resolving 35-Day Government Closure
- U.S. government shutdown enters 35th day with 20% chance of ending Nov 4–7 due to partisan funding disputes over healthcare subsidies. - Congressional gridlock disrupts $7B in economic output, delays critical data, and leaves 65,500 firms at risk of $12B payment losses. - Global media like Radio Free Asia faces funding cuts while Fed struggles to assess inflation amid shutdown-related data gaps. - Prediction markets show 33% odds for Nov 8–11 resolution as political analysts warn of growing recession ris
As of now, the likelihood that the U.S. government shutdown will conclude between November 4 and 7 has dropped to 20% on
This impasse has resulted in a government closure lasting 35 days, equaling the 2018–19 shutdown during President Donald Trump’s administration, Reuters noted. Senate Republicans, who hold a slim 53–47 majority, have not managed to gain enough support from Democrats for a temporary funding measure, as Democrats insist on prolonging healthcare subsidies for low-income citizens, Reuters further reported. Federal employees, including those in law enforcement and the military, have not received pay, and essential services like the Supplemental Nutrition Assistance Program (SNAP) are experiencing partial interruptions, Reuters stated. The Office of Personnel Management (OPM), which will officially declare the end of the shutdown, has seen its operational status page become a key reference point for updates on Polymarket.
The economic impact continues to grow, with postponed data releases, as seen on
The shutdown has also affected international media, with Radio Free Asia (RFA) halting news production and broadcasts due to funding shortages, according to
Prediction platforms like Polymarket continue to reflect public expectations, though they are now under increased regulatory examination. Romania’s National Office for Gambling has recently banned Polymarket, labeling its activities as unauthorized "counterparty betting," as reported by
With the November 4–7 period approaching, the chance of a resolution remains slim at 20%, while traders are increasingly betting on later dates (33% for November 8–11 and 33.4% for November 16 and beyond), according to the Polymarket event. Political experts say the end of the shutdown depends on whether Democrats and Republicans can bridge their differences, but current trends suggest a quick agreement is unlikely, Reuters analysts caution. The ongoing dysfunction is taking a growing toll on the economy and society, and some experts warn that a recession could follow if confidence continues to decline, as highlighted in the Economic Times report.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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