Despite saying earlier in August that he will shut down the government if necessary in order to secure border wall construction funding, President Donald Trump's team indicated on Aug. 24 that he will attempt to keep the government running in October, even if Congress hinders his plans to follow through on one of his most well-known campaign promises.
White House officials reportedly told members of Congress in private that they would not require a continuing resolution for a $1.6 billion spending package to fund the government from October until early December, a Republican congressional aide explained to The Washington Post.
Nonetheless, Trump's team suggested that the president remains focused on getting the wall built, and that it continues to be a priority for him to get funding for it allocated in December.
"Build that wall," Trump said on Aug. 22 at a post-campaign victory rally in Phoenix. "Now the obstructionist Democrats would like us not to do it. But believe me, if we have to close down our government, we're building that wall."
Republican Rep. Mark Meadows of North Carolina, who is also the chairman of the House Freedom Caucus, said that he intends to vote in favor of a spending package that includes a wall budget but conceded that "you can't be intellectually honest and believe that this fight is going to happen in September."
"Obviously I'm supportive of the wall and putting the wall funding in [the government funding bill], but from a pragmatic standpoint, even if we pass a [bill] that has the wall funding in there, it will get stripped out in the Senate," he explained.
But even if the government is unable to agree on a package and shuts down, financial experts say not to worry.
"It probably will shut down, but it will be a temporary issue; it'll be really a game of chicken, and then in 24 hours or 48 hours it will be resolved," Michael Yoshikami, the CEO and founder of Destination Wealth Management, said on CNBC's "Closing Bell" on Aug. 23.
In order to avoid a temporary government closure, Congress needs to agree on a funding plan by Sept. 30, and Trump must then sign off on it.
"Shutdown sounds really scary, but in the end I think it's just kind of a temporary blip," added Yoshikami. "It really [doesn't] mean the U.S. government's going to default."