Analysts optimistic about avoiding shutdown as House Republicans struggle to install new speaker

  • Chances of government shutdown at 20% to 30%
  • Lengthy struggle to install new House speaker reduces shutdown risk
  • House Republicans need to extend existing funding past Nov. 17
  • Analysts optimistic about avoiding shutdown
  • Speaker Johnson supports short-term budget bill
  • Main fight on Nov. 17 will be military aid supplemental
  • Markets becoming concerned about fiscal deficit and spending

The chances of a government shutdown when federal funding runs out on Nov. 17 have decreased to 20% to 30% due to the lengthy struggle to install a new House speaker. House Republicans have not been able to work on the appropriations bills, so they will need to extend existing funding to finish the job. Analysts are optimistic about avoiding a shutdown, with Speaker Johnson supporting a short-term budget bill. The main fight on Nov. 17 will be the military aid supplemental. Markets are becoming concerned about the nation’s fiscal deficit and spending.

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Key People: Mike Johnson (House Speaker), Terry Haines (Founder of Pangaea Policy), Kevin McCarthy (Former Speaker), Chris Krueger (TD Cowen’s Washington Research Group)

Factuality Level: 7
Justification: The article provides information from analysts and experts regarding the likelihood of a government shutdown. It includes quotes and opinions from different sources, but does not provide any misleading or inaccurate information. The article also discusses the background and context of the situation, which is relevant to understanding the current situation.

Noise Level: 3
Justification: The article provides relevant information about the likelihood of a government shutdown and the factors that may contribute to it. It includes quotes from analysts and mentions the previous actions of House Republicans. However, there is some filler content at the beginning and end of the article, such as the mention of text-to-speech technology and the unrelated statement about Biden’s opinion on House Speaker Johnson.

Financial Relevance: No
Financial Markets Impacted: No

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article does not pertain to financial topics and does not describe any extreme events.