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Goldman Sachs Research - Marquee

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  • Funding for Israel is the most likely policy addition, but border security, establishment of a fiscal commission, and other policy items could also be added.

  • he risk of a shutdown after the next extension will be higher, we believe, as the $120bn gap between House Republicans and the Senate on proposed spending levels will make passage of full-year spending bills very difficult

  • a November shutdown remains possible and, with the House unlikely to vote on an extension this week, the risks have edged up

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