US Government Shutdown Odds at 68 Percent

Written by:
Aaron Goldstein
Published on:
US Government Shutdown Odds

Despite Senate Leader Harry Reid claiming that the odds of a US Government shutdown were at 50 percent, the prediction markets suggest otherwise.  Intrade.com had the chances closer to 68 percent. 

Should a budget for the current year not be approved by 11:59 pm ET Friday night, the US Government will effectively shut down.  The consequences include military employees checks being withheld, small businesses unable to obtain federal loans, museum and national park shutdowns, passport offices closed but, alas, at least the members of Congress will continue to get their paychecks.  Some 800,000 Government employees may not be so lucky.

After meeting with President Barack Obama at the White House, CNN reported that House Speaker John Boehner, R-Ohio, and Senate Majority Leader Harry Reid, D-Nevada, announced Thursday afternoon that negotiators were unable to strike a deal.

In an exclusive interview with CNN before the meeting, Reid put the chances of such a shutdown at 50-50 and said Democrats had agreed to all the spending cuts demanded by Republicans that they could.

"Enough is enough," he said.

- Aaron Goldstein, Gambling911.com


As always, you can Follow us on Twitter for all the latest breaking gambling news.

Politics News

Political Betting News: Boris Johnson Pictured Drinking at Downing Street Party During Lockdown

Oddsmakers favor UK Prime Minister Boris Johnson leaving office this year at EVEN odds and that price may get shorter following photos appearing exclusively on ITV's website.

Bet on the Georgia Governor's Race 2022

Bet on the Georgia Governor's Race 2022

Ahead of Tuesday's GOP gubernatorial primary race in Georgia, current Governor Brian Kemp appeared to be sailing to a YUGE victory over former Georgia Senator David Perdue.  Kemp would face off against Stacey Abrams, a former state representative.  She ran unopposed in that state's Democratic Primary.

Can I Bet on Hunter Biden's Laptop?

Can I Bet on Hunter Biden's Laptop?

Until now, the Hunter Biden laptop story has mostly been relegated to the fringe outskirts of the interwebs along side those alleged "Russian pee tapes" supposedly featuring former US President Donald Trump.

Fetterman Stroke Shakes Up PA Race, Latest Odds

Fetterman Stroke Shakes Up PA Race, Latest Odds

Pennsylvania Lt. Gov. John Fetterman, the leading Democrat in the state’s high-profile Senate contest, suffered a stroke just days before the primary election but was on his way to a “full recovery,” his campaign said on Sunday, though he will be unable to attend a rally on Monday as Fetterman remains hospitalized.

Bet on How Soon Finland Joins NATO

Bet on How Soon Finland Joins NATO: Turkey Now Reluctant to Admit Them

Breaking news during the early morning hours of Thursday as Finnish President Sauli Niinistö and Prime Minister Sanna Marin announced  their intention to submit an application to join the NATO military alliance "without delay".   This has caught the attention of oddsmakers who were expected to offer betting on the before-or-after specified dates of this occurring.