White House meeting today as shutdown probability hits 66%

Polymarket on Monday put the odds of a U.S. government shutdown at 66 percent. The deadline to pass funding falls at 12:01 a.m. Eastern Time on October 1.

President Donald Trump will meet with the top four congressional leaders at the White House on September 29 to try to reach a short-term funding agreement before the fiscal year ends at midnight on September 30.

Republicans want to pass a temporary funding measure that runs through November 21. Democrats say they will only support an extension if it includes guarantees for health-care subsidies. Senate Majority Leader John Thune said Democrats are "playing with fire" by blocking a short-term extension. Senate Democratic leader Chuck Schumer called for "real" negotiations before the Monday meeting.

If Congress fails to pass a funding bill, federal agencies will begin to shut down after midnight on Wednesday. The meeting at the White House will include Senate and House leaders from both parties.

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Crypto markets have turned volatile as the shutdown odds climbed. Government shutdown could slow down regulatory reviews and other agency processes that digital-asset companies depend on. Reduced staff at federal agencies during a funding lapse would delay these timelines.

The fiscal year deadline requires Congress to pass spending bills for federal operations. Without new funding or a temporary extension, agencies must cut back or close until lawmakers agree on a budget.

The last major shutdown lasted 35 days from late 2018 into early 2019. That shutdown remains the longest on record. Federal workers were furloughed or worked without pay during that period, and government services were disrupted across multiple agencies.

Crypto markets volatile as U.S. shutdown odds reach 66%