
qinbafrank|Mar 13, 2025 23:27
Last night's PPI data was lower than expected, but the market was once again plagued by concerns about a US government shutdown. However, the statement made by Senate Democratic leader Shu Mo in the early hours of the morning should have avoided a government shutdown in the United States. Previously, the Republican Party in the House of Representatives presented a poison pill plan, completely disregarding the participation of the Democratic Party and proposing their own temporary funding bill. After the bill was passed, the House immediately adjourned. That means the Democratic Party in the Senate has no choice but to either shut down the government or be forced to pass a temporary appropriation bill.
Passing the Republican temporary appropriations bill is equivalent to indirectly promoting the expansion of the Republican Party's power in Congress. However, the forced obstruction bill resulted in a government shutdown: 2 million civil servants were forced to take unpaid leave (mostly Democrats), and once the government shut down, Trump could independently decide which departments to maintain operations and how to allocate funds. Senators warned that he would gain "absolute control like a king," which is even more unacceptable to the Democrats. I guess it's still a matter of choosing the lesser of the two harms
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