"Fear Index" significantly drops! The Director of the National Economic Council of the United States states that the U.S. government is expected to end the shutdown within this week
The U.S. government shutdown has entered its 20th day. Kevin Hassett, Director of the National Economic Council, stated on Monday that an end to the impasse is expected within this week. Hassett mentioned that his "friends" in the Senate believe that ending the government shutdown before the "No Kings" march would be "bad optics" for the Democrats. Now that the protests have concluded, "the situation may turn around this week." Over the past weekend, people of various age groups across the country took to the streets to participate in the "No Kings" demonstrations, protesting what they perceive as President Trump's authoritarian tendencies and rampant corruption. Hassett pointed out that if the shutdown continues to drag on, the White House will consider further budget cuts to force negotiations. He stated, "We hear from some moderates that we cannot compromise before the 'No Kings' rally. If this ultimately does not hold, the White House will have to carefully consider taking stronger measures with Budget Office Director Mulvaney to bring the other side back to the negotiating table." Following this news, the three major U.S. stock indices rose, with the Nasdaq up over 1%, the S&P 500 index up 0.8%, and the Dow Jones up 0.6%. The "fear index" VIX fell nearly 8%
According to the Zhitong Finance APP, the U.S. government shutdown has entered its 20th day. Kevin Hassett, the Director of the National Economic Council, stated on Monday that the shutdown is expected to end within this week. Hassett mentioned that his "friends" in the Senate believe that ending the government shutdown before the "No Kings" march would be a "bad look" for the Democrats. Now that the protests have concluded, "the situation may turn around this week."
Over the past weekend, people of various age groups across the country took to the streets to participate in the "No Kings" demonstration, protesting what they perceive as President Trump's authoritarian tendencies and rampant corruption. Hassett pointed out that if the shutdown continues to drag on, the White House will consider further budget cuts to force negotiations.
He stated, "We are hearing from some moderates that we cannot compromise before the 'No Kings' rally. If this ultimately does not hold, the White House will have to carefully consider taking stronger measures with Budget Office Director Mulvaney to bring the other side back to the negotiating table."
Following this news, the three major U.S. stock indices rose, with the Nasdaq up over 1%, the S&P 500 up 0.8%, and the Dow Jones up 0.6%. The "fear index" VIX fell nearly 8%
