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Market Impact: 0.3

U.S. House aims to avoid government shutdown amid GOP hardliner resistance

Source: CNBC

Fiscal Policy & BudgetElections & Domestic PoliticsRegulation & Legislation

The U.S. House is expected to vote on a short-term spending measure to avert a government shutdown until after November’s midterm election. The proposal is a stopgap rather than a full budget, keeping fiscal-policy uncertainty elevated into the election period. Near-term market impact is likely limited unless the vote fails or negotiations deteriorate.

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