The partial Department of Homeland Security shutdown, triggered by congressional disputes over immigration enforcement funding for ICE and CBP, extended beyond March 31 after the Senate's March 27 bill—excluding those operations—failed in the House, and a rival House continuing resolution stalled in the Senate. With both chambers in recess until April 13-14, traders reflect near-unanimous consensus (100%) that resolution falls after March 31, driven by repeated blocked proposals and no floor votes in the final days. President Trump's executive order paying TSA workers mitigated some airport chaos but did not end the lapse. Realistic challenges include a surprise bipartisan deal upon reconvening or further executive action, though historical shutdown patterns suggest prolonged stalemate absent compromise on reforms.