The Paul Barron Crypto Show

1274. Shutdown Delayed, Uptober Begins | Crypto Market Outlook


Listen Later



A government shutdown was prevented on September 30, 2023, after Congress passed a stopgap funding measure in a whirlwind day on Capitol Hill. The bill, which was approved by the House of Representatives and the Senate, funds the government through November 17, 2023. President Joe Biden signed the bill into law late Saturday night, just hours before the midnight deadline that would have triggered a shutdown.

The stopgap funding measure was passed in a bipartisan effort, with Democrats and Republicans working together to avoid a shutdown. The bill was also supported by the Biden administration.

The shutdown threat was averted after a chaotic day on Capitol Hill. Earlier in the day, the House of Representatives had failed to approve a stopgap funding measure that included additional funding for Ukraine. The measure was opposed by a group of conservative Republicans who objected to the additional spending.

However, after the House failed to pass the measure, Speaker Kevin McCarthy (R-CA) worked with Democrats to craft a new stopgap funding bill that did not include additional funding for Ukraine. The new bill was passed by the House and the Senate, and was signed into law by President Biden.

The government shutdown threat was a reminder of the deep divisions within the Republican Party. The party is divided between more moderate Republicans who are willing to work with Democrats to avoid shutdowns and more conservative Republicans who are opposed to any spending that they view as wasteful.

The stopgap funding measure that was passed will keep the government open for the next 45 days. During that time, Congress will need to work to pass a full-year spending bill for fiscal year 2024. If Congress is unable to pass a full-year spending bill by November 17, 2023, another government shutdown will be possible.


...more
View all episodesView all episodes
Download on the App Store

The Paul Barron Crypto ShowBy Paul Barron Network

  • 4.7
  • 4.7
  • 4.7
  • 4.7
  • 4.7

4.7

52 ratings


More shows like The Paul Barron Crypto Show

View all
Unchained by Laura Shin

Unchained

1,216 Listeners

CRYPTO 101 by Bryce Paul & Brendan Viehman

CRYPTO 101

57 Listeners

CoinDesk Podcast Network by CoinDesk

CoinDesk Podcast Network

640 Listeners

The Pomp Podcast by Anthony Pompliano

The Pomp Podcast

1,833 Listeners

The Breakdown by Blockworks

The Breakdown

747 Listeners

Thinking Crypto News & Interviews by Tony Edward

Thinking Crypto News & Interviews

251 Listeners

Metaverse Insider by Paul Barron

Metaverse Insider

0 Listeners

Bitcoin News Alerts | Daily BTC News by Bitcoin News Alerts

Bitcoin News Alerts | Daily BTC News

601 Listeners

Markets Daily Crypto Roundup by CoinDesk

Markets Daily Crypto Roundup

135 Listeners

Bankless by Bankless

Bankless

1,047 Listeners

The Wolf Of All Streets by Scott Melker

The Wolf Of All Streets

231 Listeners

Crypto Banter by Crypto Banter

Crypto Banter

43 Listeners

Discover Crypto by HIT Network

Discover Crypto

222 Listeners

Raoul Pal: The Journey Man by Real Vision Podcast Network

Raoul Pal: The Journey Man

126 Listeners

Simply Bitcoin by Simply Bitcoin

Simply Bitcoin

91 Listeners

The Good Morning Crypto Show by 3T Warrior Academy | Age of Radio

The Good Morning Crypto Show

31 Listeners

Block Future by Paul Barron Network

Block Future

0 Listeners