US federal funding deadline — FY2027 appropriations (30 Sept 2026)
Why it matters
Federal funding for fiscal year 2027 must be enacted by 30 September or the government faces a shutdown. A shutdown or brinkmanship is a scheduled market-moving risk with global spillover into rates, the dollar and risk sentiment the EU is exposed to.
What to watch
- No outcome lands on this date itself — it forces a decision: full-year bills, a continuing resolution, or a shutdown.
- Shutdown risk and any spillover into Treasury yields and the dollar.
- Whether a stopgap CR sets a further cliff date.
Sources
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