Markets are puking today and one of the reasons is that there are a host of political risks ahead. Politico today highlights the threat of a government shutdown at midnight on Friday.
Already, we have a Republican saying he will vote against it in the House, meaning that every other Republican will need to support it or find a Democrat vote. That vote is expected on Tuesday.
After that, it will go to the Senate where it needs 60 votes, meaning that it will need support of 7 Democrats.
Massie has carved out a role as the arch-hawk in the Republican-controlled House.
Ultimately, these things always get solved but right now it’s one more headache in a market that’s unmoored.