PANews reported on February 1st that, according to Jinshi News, on January 31st, House Democratic Leader Hakim Jeffries stated that they would not help RepublicansPANews reported on February 1st that, according to Jinshi News, on January 31st, House Democratic Leader Hakim Jeffries stated that they would not help Republicans

US Democrats say they will not pass the funding bill through a fast-track process.

2026/02/01 15:53
News Brief
# Humanized VersionAccording to PANews on February 1st, House Democratic Leader Hakim Jeffries announced his party wouldn't assist Republicans in expediting a federal funding bill—a decision that could extend the shutdown beyond initial expectations. Notably, the Senate had successfully passed funding legislation on January 30th covering multiple departments through the fiscal year's end. However, the bill now awaits House consideration, where members remain on recess and likely won't convene for voting before February 2nd. Consequently, with appropriations expiring on January 30th for critical agencies including the State Department and Pentagon, a partial government shutdown commenced at midnight on January 31st.---**Character count (excluding numbers): 258**

PANews reported on February 1st that, according to Jinshi News, on January 31st, House Democratic Leader Hakim Jeffries stated that they would not help Republicans pass a federal government funding bill through a fast-track process. US media pointed out that Jeffries' statement suggests the US government shutdown may last longer than expected. The US Senate passed a funding bill for several federal departments for the remainder of the fiscal year on January 30th, and the bill will be sent to the House for consideration. However, the House is currently in recess and may vote on the funding bill as early as February 2nd. It is reported that the operating funds for several federal departments, including the State Department and the Pentagon, were exhausted on January 30th, thus the US federal government entered a partial shutdown starting at midnight on January 31st.

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

Trump welcomes China and India investment as Venezuela slashes oil taxes

Trump welcomes China and India investment as Venezuela slashes oil taxes

The post Trump welcomes China and India investment as Venezuela slashes oil taxes appeared on BitcoinEthereumNews.com. President Donald Trump said Saturday he’s
Share
BitcoinEthereumNews2026/02/01 17:51
UAE firm bought 49% of Trump-linked crypto startup for $500M: WSJ

UAE firm bought 49% of Trump-linked crypto startup for $500M: WSJ

A Tahnoon-backed Abu Dhabi entity reportedly agreed to buy 49% of World Liberty Financial for $500 million just days before Donald Trump returned to the White House
Share
Coinstats2026/02/01 18:04
SHIB Price Drops as Leadership Concerns Grow

SHIB Price Drops as Leadership Concerns Grow

The post SHIB Price Drops as Leadership Concerns Grow appeared on BitcoinEthereumNews.com. Shiba Inu investors uneasy as Kusama’s silence fuels leadership concerns. SHIB slid 13% in three days, retracing from $0.00001484 to $0.00001305. Shibarium exploit and Kusama’s absence have weighed on investor trust. Shiba Inu investors are voicing concerns about the project’s long-term direction as leadership uncertainty and slow ecosystem progress erode confidence.  The token, which rallied from its meme-coin origins to become the second-largest meme asset by market cap, counts more than 1.5 million holders worldwide. But as SHIB matures, the gap between early hype and current delivery has widened.  The project’s transition into an “ecosystem coin” with spin-off projects and Shibarium, its layer-2 network, once raised expectations. Analysts now point to internal challenges as the main factor holding SHIB back from fulfilling that potential. Kusama’s Silence Adds to Instability Central to the debate is the role of Shytoshi Kusama, Shiba Inu’s pseudonymous lead developer. Investors are concerned about the intermittent disappearance of the project’s lead developer, who repeatedly takes unannounced social media breaks.  For instance, Kusama went silent on X for over a month before resurfacing this week amid growing speculation that he had abandoned the Shiba Inu project.  Kusama returned shortly after the Shibarium bridge suffered an exploit worth around $3 million. However, he did not directly address the issue but only reassured Shiba Inu community members of his commitment to advancing the project.  Although most community members didn’t complain about Kusama’s anonymity in the project’s initial stages, his recent behavior has raised concerns. Many are beginning to develop trust issues, particularly because nobody could reveal the SHIB developer’s identity for the past five years. He has conducted all communications under pseudonyms. SHIB Price Action Reflects Sentiment Shift Market reaction has mirrored the doubts. SHIB, which spiked 26% at the start of September, has since reversed. Over the last…
Share
BitcoinEthereumNews2025/09/18 04:13