Monday , 10 March 2025
Home Forex Trump says government shutdown is possible, but he is confident it’ll be averted
Forex

Trump says government shutdown is possible, but he is confident it’ll be averted

Trump spoke to media on Sunday, saying that a government shutdown is a possibility if the House of Representatives fails to pass a temporary funding bill. However, he remains optimistic that the measure will be approved.

Trump acknowledged that a shutdown could occur but said it “shouldn’t have happened” and is unlikely, expressing confidence that the continuing resolution (CR) will pass. This bill would extend government funding at current levels until the end of the 2025 fiscal year on September 30.

Republicans, who control the House, introduced a six-month stopgap spending bill on Saturday, with a vote scheduled for Tuesday. Trump has publicly endorsed the measure, urging Republican lawmakers to support it.

His backing has influenced some hardline Republicans who previously opposed similar funding bills, a critical factor given House Speaker Mike Johnson’s narrow 218-214 Republican majority.

L to R here, VP Vance, Trump and House Speaker Johnson

This article was written by Eamonn Sheridan at www.forexlive.com.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Gold Futures Analysis for Today

Gold Futures Analysis Today – tradeCompass for GC Gold FuturesCurrent Market Snapshot...

A light one on the data docket in Europe today

All eyes will stay on US data in the week ahead but...

Bitcoin continues to hold the line at $80,000 for now

In one disappointment to another, the White House crypto summit at the...

Saudi Arabia Gold price today: Gold steadies, according to FXStreet data

Gold prices remained broadly unchanged in Saudi Arabia on Monday, according to...