"The likelihood of another government shutdown by the end of this week has spiked, as markets take heed of incensed policymakers following the shooting of Minnesota nurse, Alex Pretti, on Saturday. Odds of another federal shutdown, prior to January 24, had sat at around 30% over the past few weeks. That changed dramatically as reports spread of the 37-year-old Pretti's death this weekend. At the time of writing, speculators on Polymarket estimate a 79% chance of another government shutdown come January 31-this Saturday."
"Senate Minority Leader Chuck Schumer said in a statement Saturday that the conflict in Minnesota is "appalling and unacceptable." He added, "Because of Republicans' refusal to stand up to President Trump, the DHS bill is woefully inadequate to rein in the abuses of ICE. I will vote no. Senate Democrats will not provide the votes to proceed to the appropriations bill if the DHS funding bill is included.""
Government funding for many federal agencies is due to expire at the end of January, creating a risk of a partial shutdown if a new package is not agreed. Markets and speculators have rapidly increased shutdown odds after the shooting of nurse Alex Pretti, with a Polymarket estimate near 79% for a shutdown by January 31. The weekend shootings have deepened divisions on Capitol Hill and provoked criticism of White House leadership from within the Republican party. Senate Democrats are refusing to back a DHS funding measure until Immigration and Customs Enforcement is reformed, blocking passage of an appropriations bill that includes DHS funding.
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