Huoxing Finance reports that on August 8, the U.S. Senate passed a temporary measure on Saturday to fund federal agencies through December 11, aiming to prevent a catastrophic federal government shutdown weeks before the November midterm elections. According to Fox News, the vote resulted in 90 in favor, 6 opposed, with Senator Darlene Graham (Republican-South Carolina) abstaining. This does not guarantee the complete avoidance of a government shutdown but helps prevent one from occurring on October 1, the start of the new fiscal year. The House of Representatives must still reconcile and pass the bill upon returning from recess.
The U.S. Senate Passes Temporary Funding Bill to Avert Government Shutdown
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Summary
Citing MarsBit, the U.S. Senate passed a temporary funding bill on August 8, 2026, to extend government operations until December 11, avoiding a shutdown ahead of the midterms. The bill passed 90 to 6, with Dianne Feinstein (D-CA) absent. This move prevents a potential funding conflict related to the CFTC on October 1. The House must still approve the measure after recess, and risk-on assets are likely to remain sensitive to fiscal developments.
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