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House passes three-bill spending package with weeks left to avoid a shutdown, Politico reports

Newsquawk Staff ·

House passes three-bill spending package with weeks left to avoid a shutdown, Politico reports.

What it means

The passage of a three-bill spending package by the House is a critical development as it could avert a government shutdown in the coming weeks. This legislative move signals political cohesion and may influence risk sentiment in the markets, potentially supporting equities while alleviating safe-haven demand in treasuries and the dollar, especially if it leads to further stability in fiscal policy.

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