The United States' government shutdown crisis was resolved at the last minute this time, but unexpectedly, a scapegoat quickly emerged from this event: for the first time in history, the Speaker of the United States was ousted.

The fiscal crisis has just been eased, and Yellen couldn't wait to change her tune, but reality is slapping her in the face, with U.S. stocks plummeting and U.S. bonds plummeting, investors are voting with their feet.

In fact, the financial risks in the United States are still accumulating.

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Before this, the U.S. Treasury Department's Yellen had warned on multiple occasions that if temporary appropriations were not obtained before the arrival of the new fiscal year, the U.S. government would fall into a shutdown.

However, the contradictions between the two parties in the United States are numerous, and the negotiations have been dragging on, failing to reach a consensus on the latest appropriations agreement.

It wasn't until the last hour that the U.S. Congress hastily passed a temporary appropriations bill. Due to the lack of discussion on more details, this bill did not include provisions requiring the government to cut spending.

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The conservative faction of the Republican Party has always strongly demanded that the federal government cut spending, so this temporary appropriations bill angered the conservatives, who proposed a motion to oust House Speaker McCarthy on October 2.

Unexpectedly, this motion, which was proposed on a temporary basis, ultimately received more than half of the votes in favor, marking the first time in history that a Speaker was ousted.

Since the temporary appropriations that have been passed cannot last long, the U.S. Congress still needs to further discuss future appropriations. Now that McCarthy has been ousted, it is feared that future contradictions will deepen, and it is uncertain when the U.S. government will receive sufficient appropriations in the new fiscal year.The door closing has merely been postponed.

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However, the U.S. Treasury Secretary is exceptionally excited due to the allocation of funds.

Just a few days prior, she had indicated that the U.S. finances would face significant difficulties, which in turn would affect the economic outlook of the country.

But now she asserts that the U.S. finances are at a normal level.

She further points out that future deficits will gradually decrease, with the debt interest over the next decade only reaching 1% of GDP.

It is unclear where Yellen's optimism stems from, but it is evident that her statements are hard to accept for analysts and investors.

Calculating 1% of the U.S. GDP, which is currently slightly over $25 trillion, amounts to $250 billion. However, it is actually projected that this year's interest payments on the national debt will be at least three times this figure. Thus, the interest being only 1% of GDP is clearly unlikely.

Whether it is the future tripling of GDP or a reduction of interest by at least two-thirds, both scenarios are unachievable.Precisely for this reason, investors are rapidly withdrawing from the U.S. financial market.

By the close of trading in the early morning, the U.S. stocks experienced a collapse, with the Dow Jones Industrial Average (DJIA) plummeting by more than 430 points, marking the largest decline in half a year.

However, the Nasdaq Composite Index saw an even greater decline, reaching 1.87%, and setting the record for the largest single-day drop in a year.

Now, Wall Street investment banks are increasingly inclined to believe that U.S. stocks will continue to fall further. Previously, Morgan Stanley and JPMorgan Chase had already issued strategy reports, expressing a bearish outlook on the future trend of U.S. stocks. Now, Goldman Sachs has joined the bearish camp as well.

In the meantime, the situation with U.S. Treasury bonds is also not optimistic.

The 10-year Treasury bond has reached 4.78%, and the 30-year Treasury bond has reached 4.89%. The continuous rise in Treasury yields, coupled with an increasing number of short positions on U.S. Treasury bonds in the market, could potentially trigger even larger sell-offs.

The financial crisis in the United States has never been far away.