PANews reported on January 31 that, according to CCTV News, the Director of the White House Office of Management and Budget issued a memo to department heads thatPANews reported on January 31 that, according to CCTV News, the Director of the White House Office of Management and Budget issued a memo to department heads that

The White House Office of Management and Budget has instructed affected agencies to begin implementing the shutdown plan.

2026/01/31 10:59
2 min read
For feedback or concerns regarding this content, please contact us at [email protected]
News Brief
On January 31, CCTV News revealed that the White House Budget Director had instructed agency heads to brace for a government shutdown beginning at midnight, as their funding was depleting rapidly. Impacted agencies include Defense, Homeland Security, State, Treasury, Labor, Health and Human Services, Education, Transportation, and Housing and Urban Development. Russ Vought clarified that due to Congress's inability to complete its work on schedule, these agencies must immediately activate their shutdown protocols; however, employees should continue reporting for duty and managing routine responsibilities throughout this transition period. Furthermore, he emphasized that the administration would maintain collaboration with Congress to address recent challenges and finalize fiscal year 2026 funding, expressing hope that any shutdown would be brief. Previously, on March 30, the Senate approved a spending measure for most federal departments before forwarding it to the House. Nevertheless, with House members absent from Washington until Monday, February 2, a partial shutdown became inevitable starting early March 31. House Speaker Mike Johnson indicated during a confidential Republican conference call that the chamber would likely vote Monday evening utilizing an expedited procedure.

PANews reported on January 31 that, according to CCTV News, the Director of the White House Office of Management and Budget issued a memo to department heads that day, instructing agencies whose funding was due at midnight to begin preparing for a government shutdown. These agencies include the Department of Defense, Department of Homeland Security, State Department, Treasury Department, Department of Labor, Department of Health and Human Services, Department of Education, Department of Transportation, and Department of Housing and Urban Development. Russ Vought stated, “Given that Congress is clearly unable to complete its work before the funding expires, affected agencies should now implement orderly shutdown plans. Employees should report to work on time, fulfill their next regular work duties, and conduct orderly shutdown activities. The government will continue to work with Congress to address recently raised issues and complete the funding for fiscal year 2026. We hope this shutdown will not be too long.”

On March 30th local time, the U.S. Senate passed a spending bill to fund most departments of the federal government and sent it to the House of Representatives for consideration. Since House members are not in Washington and will not return until Monday (February 2nd), a Senate vote will inevitably result in a partial government shutdown beginning in the early hours of March 31st. House Speaker Mike Johnson stated in a private call with House Republicans that the most likely way for the House to pass the bill is through a fast-track vote on Monday evening.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Troubling signs in new Trump intel report alarm expert: 'Raises real questions'

Troubling signs in new Trump intel report alarm expert: 'Raises real questions'

A new intelligence report on Iran's military capabilities alarmed an expert during a CNN interview. CNN reported, citing sources inside the Trump administration
Share
Rawstory2026/04/03 10:22
Top Analyst Uses Hydraulic Pipe Analogy to Project XRP Rally from Bitcoin Capital Rotation

Top Analyst Uses Hydraulic Pipe Analogy to Project XRP Rally from Bitcoin Capital Rotation

The post Top Analyst Uses Hydraulic Pipe Analogy to Project XRP Rally from Bitcoin Capital Rotation appeared on BitcoinEthereumNews.com. Marketing analyst compares Bitcoin to wide pipe and XRP to narrow pipe system Theory suggests 5% Bitcoin capital rotation could generate $115 billion XRP inflow Projected targets range from $6-15 for slow flows to $15-60 for rapid movements Marketing research analyst Dr. Jim Willie has presented a hydraulic pipe analogy to explain how capital flowing from Bitcoin into XRP could trigger explosive price movements. During an appearance on Black Swan Capitalist with host Versan Aljarrah, Willie used physics principles to illustrate potential market dynamics between the two cryptocurrencies. Willie compared Bitcoin’s large market capitalization to a wide hydraulic pipe and XRP’s smaller market to a much narrower tube. His theory suggests that when pressure transfers from larger to smaller pipes, force increases substantially because area scales with the square of radius measurements. Market Cap Ratios Drive Theoretical Price Impact The analyst established a framework where Bitcoin’s market capitalization equals approximately 13 times XRP’s valuation, creating a mathematical basis for his projections. Under this model, identical capital flows that barely affect Bitcoin’s price could generate 13 times greater impact on XRP due to liquidity depth differences. Willie noted that real trading environments create non-linear effects as order books thin during large transactions, spreads widen, and liquidity providers withdraw. In smaller markets like XRP, price movements can follow quadratic rather than linear patterns, potentially amplifying the 13-fold liquidity gap into price swings tens or hundreds of times more extreme than Bitcoin. The analyst outlined different scenarios based on rotation speed. Slow transitions over weeks would allow market makers time to adjust, potentially driving XRP 2-5x higher while Bitcoin declines orderly. Daily timeframes could produce 5-20x XRP gains with sharper Bitcoin drops, while hourly rotations might create vertical XRP spikes of 10-20x before rapid corrections. Willie identified several amplifying factors including XRP’s limited…
Share
BitcoinEthereumNews2025/09/23 06:20
Globalstar (GSAT) Stock Surges 15% on Amazon Acquisition Report

Globalstar (GSAT) Stock Surges 15% on Amazon Acquisition Report

TLDR Globalstar stock jumped more than 15% in after-hours trading following a Financial Times report that Amazon is in talks to acquire the satellite communications
Share
Coincentral2026/04/02 19:49

Trade GOLD, Share 1,000,000 USDT

Trade GOLD, Share 1,000,000 USDTTrade GOLD, Share 1,000,000 USDT

0 fees, up to 1,000x leverage, deep liquidity