The U.S. government will close its doors at midnight, while Bitcoin holds steady at 114K.

Due to Congress's failure to pass a temporary funding bill, the U.S. government will shut down after midnight on Wednesday. The financial markets currently appear to be reacting very calmly, with the VIX index and MOVE index, which represent stock and bond market fluctuations, remaining at low levels with little change. Bitcoin is stable at 114K, while gold is hovering around historical highs.

The U.S. government will shut down after midnight on Wednesday.

According to CNBC, on Tuesday evening, the final vote on the temporary spending bill failed to pass the 60-vote threshold required for the temporary appropriation bill, with a vote of 55 to 45, and the U.S. government will shut down after midnight on Wednesday.

On Tuesday evening, Russell Vought, Director of the Office of Management and Budget, sent a memorandum to the heads of various executive departments and agencies directing them to "execute an orderly shutdown plan."

Lawmakers are blaming each other for the impending government shutdown, and the nonpartisan Congressional Budget Office estimates that this will force about 750,000 federal employees to be furloughed.

Gold is nearing its historical high, Bitcoin remains stable at 114K, and the financial market's reaction is muted.

The S&P 500 futures fell by 0.4%. The dollar held its decline, while gold hovered near historical highs. Asian stock markets dropped by 0.3%, as China and Hong Kong are closed for holidays. U.S. Treasury yields remained largely unchanged, with the 10-year Treasury yield at 4.15%. Bitcoin stabilized above 114K, and the financial markets currently seem to react very calmly. The VIX index and the MOVE index, which represent stock market and bond market volatility, both remained at low levels, with no significant changes.

Short-term government shutdowns are typically viewed by the market as "temporary noise," with limited long-term impact on the economy and stock market. Financial advisory firm Truist Wealth found that since 1976, the S&P 500 index has shown little average change during the 20 government shutdown events that occurred.

Despite the impending government shutdown in the United States this week, the S&P 500 index has risen over 13% so far this year. The Nasdaq index is up 17%, and the Dow Jones Industrial Average has increased by nearly 9%.

This article states that the U.S. government will close at midnight, and Bitcoin remains stable at 114K, first appearing in Chain News ABMedia.