The U.S. federal government entered a partial shutdown on January 31 as the House of Representatives failed to approve a funding bill before the deadline. Although the Senate passed a $1.2 trillion appropriations package for the remainder of the fiscal year with a 71-29 vote, the House is not scheduled to reconvene and vote until February 2. This delay has resulted in a lapse of budget authorization, causing some federal agencies to halt operations and non-essential employees to be furloughed without pay. The White House described the situation as a procedural issue rather than a policy impasse and urged the House to expedite the voting process. While markets expect limited short-term impact, there is a risk of prolonged shutdown if negotiations stall.