U.S. Government Shutdown Reaches Record Length Amid Financial Market Turmoil

According to BlockBeats, the U.S. government shutdown has entered its 35th day, matching the longest shutdown record set in 2018-2019. This ongoing deadlock is causing significant disruptions in financial markets, with analysts comparing its impact on liquidity to multiple interest rate hikes. Senate Majority Leader John Thune proposed a potential solution on Tuesday, which involves combining a short-term government funding bill with a vote on extending Affordable Care Act (ACA) subsidies. This proposal is seen as a crucial step towards breaking the impasse, addressing a core demand of the Democrats since September. Some Republican lawmakers are optimistic that the deadlock could end this week. Republican Senator Markwayne Mullin from Oklahoma expressed strong confidence in reaching an agreement soon, suggesting it might be finalized by Wednesday night or more likely by Thursday. However, U.S. President Donald Trump has renewed pressure on Republicans to abolish the Senate filibuster rule, and internal disagreements among Democrats over the compromise proposal add uncertainty to the finalization of an agreement.