Government Shutdown Resolved — BUT Another Crisis Hits in December & January

"The bill is expected to be voted on sometime this week, most likely tomorrow on Wednesday, and it is expected to pass because they just need a simple majority in the House of Representatives to get it through."

"Now, once the House of Representatives passes the government funding bill, then it's going to advance to President Trump. And President Trump has backed this bill. Therefore, once he receives it, he's going to sign it. And ultimately, the government shutdown has now been resolved."

"The deal was that they're going to take a vote on this by the second week of December."

"Well, they're saying that the votes on extending the Obamacare subsidies that they're going to do, it is expected to fail in the Senate."

"And then what do you think is going to happen when January 30th rolls around? The Republicans and Democrats are going to be butting heads again. And there then there's the real possibility of another government shutdown just 2 and 1/2 months from now."

"But this is the part of me being honest. The biggest priority or the biggest concern for the politicians, it wasn't the SNAP benefits, it was the flight delays and cancellations. Like, I'm sorry, but that is the truth. And with Thanksgiving travel right around the corner and then you have December holiday season, the politicians didn't want to deal with that backlash. That was the big that was their biggest fear and that was the primary motivator to reopen the governments."

"Now, I just want you to think about that because if they go through another government shutdown starting on January 30th, then it's not going to be during peak travel season and then well, if they don't have that motivator, then it could end up being worse than this one."

"So, I did make the bet that this fiasco would end by 60 days, which is looking pretty solid right now, to be honest."

"When are SNAP recipients going to be made whole again for the recipients that got short changed in November? The answer is that it's it's all going to depend on your state because it is administered at the state level."

"By law, the federal government must issue back pay as soon as possible after the shutdown ends. So, the rule is that they're not supposed to wait around and then add that back pay to your next paycheck. No, that's not how it works. by law, they're supposed to pay it out as soon as possible."

"Now, when the government reopens, they're saying that the government can produce the jobs report within a few days."

"And the inflation report, I mean, that was supposed to be released this week, but it is expected to be delayed."

"However, the Federal Reserve is going to have their meeting on December 10th, so there's going to be some time."

"Government shutdowns have minimal impact on the stock market and this time was no exception. So, there was no market scare. And as you witnessed, the news of the reopening of the government actually boosted stocks. So, the stock for I mean for the stock market, you saw for yourself, it was a nothing burger."

"So, I'm just saying this because if there's another threat of a government shutdown at the end of January, then well, at least if you go according to the stats, you can expect the same thing. Minimal impact. So don't let another possible shutdown scare, you know, rattle you out as an investor."

"I'm just saying that if the stock market does go down around that time frame, then it's probably for other reasons besides the government shutdown scare."

"A recent report by Ernston Young is saying that this shutdown will reduce Q4's GDP by 0.8%. And that's equivalent to approximately $55 billion in lost output."

"If GDP is lower, then that gives more reason for the Federal Reserve to blast the money printer on and cut interest rates even more aggressively."