Congress Pushes Odds of a Government Shutdown to December as Bitcoin Watches

The House passed a stopgap funding bill 220-205 on July 21, moving its proposed government-funding deadline from September 30 to December 4 and placing it after the midterms. This has led to the odds of a Government shutdown happening across all predition markets.

But that is no longer the full picture: on August 8, the Senate passed its own version 90-6, extending funding through December 11 instead. The two versions still need to be reconciled, meaning Congress has moved closer to avoiding an October shutdown without yet completing the process.

For Bitcoin traders, that distinction matters. The immediate September 30 cliff looks less threatening, but the underlying funding fight has largely been pushed deeper into the year rather than eliminated.

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Odds of a Government Shutdown: A Rescheduled Fight, Not a Settled One

The disputes behind the funding deadline were not settled by the July House vote. The House measure simply extended current funding largely at existing levels through December 4, while the Senate’s subsequent version would run through December 11 and contains provisions absent from the House bill.

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