The Dow Jones (DJIA) opened the trading week higher, despite surging odds of a government shutdown by January 31. The odds have jumped to 81% from 10% on prediction platform Polymarket since Friday.
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Over the weekend, the fatal shooting of another protester in Minneapolis by a Border Patrol officer led to Senate Democrats threatening to block a $1.2 trillion spending bill unless funding for the U.S. Department of Homeland Security (DHS) is removed from it.
Will There Be Another Government Shutdown?
The bill needs a total of 60 votes to pass, and Senate Democrats have communicated that they won’t support it. The group has asked for the DHS to be reformed amid mass public outcry over the shooting.
“The appalling murders of Renee Good and Alex Pretti on the streets of Minneapolis must lead Republicans to join Democrats in overhauling ICE and CBP to protect the public,” said Senate Minority Leader Chuck Schumer.
However, the severity of the shutdown could be limited if Republicans choose to hold back on a DHS funding vote while voting for the other measures in the bill separately.