The immediate shutdown threat has been averted, although the issue of war funding remains unresolved for President Biden. The question remains: is the political gridlock alleviated? Read our brief take below
![US Policy Watch: No Shutdown but are we out of the woods yet?](https://stenoresearch.com/wp-content/uploads/2023/06/Watch-Series-–-Coverart-1080x675.png)
The immediate shutdown threat has been averted, although the issue of war funding remains unresolved for President Biden. The question remains: is the political gridlock alleviated? Read our brief take below
After a series of eventful days on Capitol Hill, we present our key takeaways below. We remain committed to covering and sharing our perspective as the situation continues to evolve.
A crucial week is ahead of us in global macro as the only remaining bastion in the global economy may be heading into a shutdown. Meanwhile, we are watching for signs of an emerging restocking cycle in Germany.
Remember that government shutdowns can be sanctioned well ahead of the TGA running empty. McCarthy has continuously said that a deal was needed this week at the latest.