Wall Street Breakfast DHS standoff drives shutdown odds
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Jan 26, 2026 Political brinkmanship raises the odds of a government shutdown as lawmakers clash over DHS funding. A massive winter storm halts Senate votes and disrupts travel. Canada rules out a free-trade push with China while tariff threats escalate. Gold surges past $5,000 as investors seek safe havens amid market volatility.
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Shutdown Odds Surge After DHS Standoff
- Prediction markets spiked the odds of a U.S. government shutdown to around 80% after Democrats vowed to block DHS funding.
- The shift followed federal immigration agent shootings and loss of key swing votes amid a tightening Senate timetable.
Shooting Of Alex Preddy Intensifies Opposition
- Julie Morgan recounts the shooting of Alex Preddy, a 37-year-old ICU nurse and U.S. citizen, by federal immigration agents in Minneapolis.
- The incident galvanized Democratic opposition to the DHS funding measure and influenced Senate dynamics.
Canada Rules Out China Free-Trade Push
- Canada will not pursue a free-trade deal with China and will honor USMCA notification obligations.
- Prime Minister Mark Carney framed sector reopening with stronger safeguards amid U.S. tariff threats.