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Market
Impact on U.S. Stock Markets Due to Shutdown by December 31, 2024
3
Trump•Continuing Resolution•American Relief Act•Republicans•Donald Trump•House•Mike Johnson•Democrats•Congress
Resolution / Starting Odds
Significant decline (more than 5%) • 25%
Moderate decline (1-5%) • 25%
No significant change • 25%
Increase • 25%
Analysis from financial news outlets like Bloomberg, CNBC, and Wall Street Journal.
Story
House Fails to Pass Trump-Backed Funding Bill; 38 Republicans Block Measure as Shutdown Looms
Dec 19, 2024, 11:58 PM
On December 19, 2024, the U.S. House of Representatives failed to pass a Trump-backed stopgap funding bill intended to avert a government shutdown set to begin at midnight. The bill, known as the Continuing Resolution (CR) or the 'American Relief Act,' required a two-thirds majority to pass but fell short with a vote of 174-235-1. Notably, 38 Republicans voted against the measure, despite support from former President Donald Trump and House Speaker Mike Johnson. Only two Democrats voted in favor of the bill. The legislation aimed to temporarily fund the federal government and suspend the debt ceiling, extending funding to March 2025. The failure to pass the bill leaves Congress without a clear plan to prevent the impending shutdown.
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Similar markets
Minimal impact • 33%
Moderate impact • 33%
Severe impact • 33%
Shutdown occurs • 25%
Continuing Resolution passed • 25%
Short-term funding bill passed • 25%
Other resolution • 25%
S&P 500 gains over 5% • 25%
S&P 500 loses over 5% • 25%
Dow Jones gains over 5% • 25%
Dow Jones loses over 5% • 25%
1-7 days • 25%
8-14 days • 25%
15-30 days • 25%
More than 30 days • 25%