New Development in the US Government Shutdown: First Clear Official Statement on When It Might End
The ongoing government shutdown in the United States “will probably end this week,” White House senior economic adviser Kevin Hassett said on Monday.
Speaking to CNBC, National Economic Council Director Hassett said that if the shutdown isn't resolved by the end of this week, the Trump administration could take “stronger measures” to force Democrats to the table.
The shutdown has entered its third week due to a bipartisan dispute over federal funding. Republicans want to reopen the government by passing a short-term budget proposal at current spending levels, while Democrats insist it includes health care protections. Specifically, they are demanding an extension of the Affordable Care Act (ACA) tax credits, which are set to expire at the end of the year.
Hassett said Senate Democrats felt reopening the government before this week's massive anti-Trump “No Kings” protests would create a “negative image.”
“Now this week, things could come together and move very quickly,” Hassett said, adding that “moderate Democrats will step in to open the government and then policies can be negotiated in the normal order.”
Hassett blamed Senate Minority Leader Chuck Schumer for the shutdown, saying, “The Schumer shutdown is likely to end this week.” However, he noted that if the process were prolonged, the White House would “consider stronger measures” with Budget Director Russell Vought.
Hassett's remarks suggest Democrats are biding their time in fighting the shutdown. However, polls show that most voters blame Trump and Republicans for the impasse and strongly support extending ACA health insurance subsidies.
Schumer said earlier this month, “Every day is getting better for us because we have planned for this for a long time and we knew that healthcare would be the focus on September 30th.”
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
XRP News Today: Clearer Regulations and Institutional ETFs Drive XRP to 8% Surge
- XRP surged 8.25% as Franklin Templeton and Grayscale launched XRP ETFs on NYSE Arca, marking institutional adoption progress. - Grayscale's GXRP offered 0% fees initially, while Franklin's XRPZ charged 0.19% with waived fees on first $5B assets. - SEC approval followed Ripple's 2025 settlement, clarifying XRP's non-security status and boosting institutional confidence. - XRP's price hit $2.11 with $423M ETF inflows, driven by low fees and cross-border payment utility in crypto infrastructure.
Dogecoin Latest Updates: Meme Coin Sector Falters Amid SHIB's Support Level Examination Raising Wider Worries
- Shiba Inu (SHIB) fell 13% to $0.0000081 on Nov 21, 2025, testing critical support levels amid bearish market pressure. - Technical indicators show RSI at 34 and MACD bearish crossover, signaling sustained selling pressure but potential rebound if $0.0000081 holds. - Broader meme coin market weakens as Dogecoin (DOGE) and Pepe (PEPE) also face sharp corrections, reflecting risk-off investor sentiment. - Analysts highlight SHIB's low price and community engagement as potential recovery catalysts, though fu
Bitcoin News Today: Bitcoin Drops Sharply: Is This a Temporary Correction or the Start of a Crash as Options and ETFs Drive a $75K Retest?
- Bitcoin fell below $84,000 as put options dominance and ETF outflows amplified volatility amid macroeconomic uncertainty. - $903M Bitcoin ETF outflows and $262M Ethereum ETF outflows reflect waning risk appetite ahead of Fed's December meeting. - Options market pressures at $75,000 strike price and Fed policy ambiguity heighten risks of prolonged price declines. - Altcoins like Ethereum and XRP declined 4-5% as risk-off sentiment spreads across crypto markets. - Analysts warn $75,000 support level could
Bitcoin Updates: CME Experiences 132% Jump in Crypto Trading Volume as Investors Turn to Regulated Hedges During Market Turmoil
- CME Group's crypto futures/options hit record 794,903 contracts on Nov 21, 2025, up 132% YoY in ADV. - Surge driven by institutional/retail hedging amid crypto volatility, with micro BTC contracts alone hitting 210,347 daily contracts. - Bitcoin's $80.8K-$88.4K swing and $4.34B ETF outflows highlight market uncertainty as CME plans 24/7 trading expansion. - Regulated platform contrast with OTC markets attracts investors amid crypto sector regulatory scrutiny.
Trending news
MoreCrypto prices
More
