Market Flux Event

House Passes Stopgap Spending Bill Through Dec. 11 as US Launches Fresh Strikes on Iran

The U.S. House passed a short-term government funding measure on Tuesday, extending federal spending through December 11 and averting a shutdown that had been set to take effect October 1. The bill cleared the chamber despite resistance from Republican hard-liners, with enough votes secured before the final tally concluded.

Separately, the United States launched a new wave of strikes against Iran. President Trump said the military operation was a direct response to Iran's efforts to mine the Strait of Hormuz and its targeting of American servicemembers in the Middle East. The two developments, a domestic fiscal reprieve and a fresh escalation in the Middle East, landed within minutes of each other on Tuesday afternoon.

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Sources

  1. MarketRebelsU.S. HOUSE BILL PROVIDING STOPGAP FEDERAL FUNDING THROUGH DECEMBER 11 GETS ENOUGH VOTES OR PASSAGE; VOTING CONTINUES
  2. ReutersUS House has enough votes to pass stopgap funds to prevent shutdowns on Oct. 1
  3. Zerohedge*HOUSE PASSES STOPGAP FUNDING BILL TO AVOID GOVERNMENT SHUTDOWN
  4. CnbcU.S. House votes to avoid government shutdown amid GOP hard-liner resistance
  5. WsjU.S. Targets Iran in Fresh Wave of Strikes