US House passes package of FY26 funding bills in a major step towards averting government shutdown on Jan 31st; sending to Senate for final votes
Newsquawk Staff ·
US House passes package of FY26 funding bills in a major step towards averting government shutdown on Jan 31st; sending to Senate for final votes.
What it means
The passage of the FY26 funding bills by the US House is a significant move towards preventing a government shutdown, now awaiting Senate approval. This development likely stabilizes investor sentiment as it reduces near-term uncertainty, potentially benefiting equities and consumer confidence ahead of any critical economic data releases or corporate earnings reports.
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