When Will the Record US Shutdown End? Polymarket Says This Date
The record US government shutdown, now in its 38th day, is causing economic strain and market liquidity issues, with Polymarket predicting a resolution after November 16.Summary
The US federal government shutdown has entered its 38th day, surpassing the previous record and significantly impacting the global economy, with 750,000 federal workers furloughed and essential aid programs halted. The funding lapse has caused a severe tightening of market liquidity, evidenced by the Treasury General Account (TGA) balance soaring to $983 billion, which financial influencers like Raoul Pal believe is stressing markets, especially crypto. Pal anticipates that the shutdown's end will inject $250 billion to $350 billion back into the economy, providing bullish momentum for crypto. However, a political impasse between Democrats and Republicans over health insurance subsidies is clouding resolution. Prediction platform Polymarket currently suggests the most likely outcome for ending the gridlock is after November 16, with only a 32% chance of a breakthrough this coming weekend.
(Source：BeInCrypto)