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After a record 43-day shutdown, the US government is officially back in operation. The House passed the funding bill to end what Republicans called the “Democrat Shutdown,” and President Donald Trump signed it into law at 9:45 PM ET. “It’s an honor to sign this incredible bill and get our country back to work,” Trump said from the Oval Office, bringing long-awaited relief to hundreds of thousands of federal employees. The move restores access to key economic data, allowing the Fed to regain its full dashboard. However, markets have learned how fragile governance can be, with shutdown risk now a recurring feature of US politics. Expect a short-term relief rally, a higher trust premium, and a new macro variable governance risk.
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