TechFlow News: According to JINSHI Data, on January 31, the U.S. House of Representatives adjourned without approving the appropriations bill, causing the U.S. federal government to enter a technical, partial “shutdown” at midnight local time on January 31. Analysts note that although this shutdown is expected to be brief, it once again highlights the structural challenges within U.S. fiscal politics. In recent years, stopgap funding measures, short-term extensions, and brinkmanship-driven shutdowns have become routine features of congressional budget negotiations, with government operations frequently hampered by political divisions. Currently, markets broadly view this technical shutdown as having limited direct impact on financial markets and economic activity; however, if subsequent congressional negotiations stall again, there remains a risk that the shutdown could be prolonged and its impact widened.
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