The escalating chaos in the US shows that political polarization sparked by partisan disputes has become increasingly visible. And fractures within the Republican Party have aggravated political polarization. As the US is often on the verge of a federal government shutdown, it remains unclear when po...
Congress approved a stopgap funding bill on the night of Sept. 30, averting a government shutdown. However, the bill did not include drastic federal funding cuts and tighter border controls previously demanded by House Republicans, as well as money for Ukraine proposed by House Democrats. This m...
Large swaths of the U.S. government could temporarily close on Oct. 1 if Congress does not approve spending bills due to a dispute between far-right Republicans and other lawmakers. Here are some facts about U.S. government shutdowns: WHY WOULD THE GOVERNMENT SHUT DOWN? Congress must alloca...
US government shutdown would significantly curtail CFTC activitiesThe US Commodity Futures Trading Commission said the vastmajority of the agency's operations would cease if there is a lapsein funding because lawmakers fail to agree on appropriations.However, oversight of derivatives markets would ...
Shutdown risk A deal that would avert a US government shutdown this weekend is looking less likely. Republican House Speaker Kevin McCarthy wants to use a shutdown to secure more concessions, having got an agreement on long-term spending cuts in last spring’s showdown. “I want to sit ...
U.S. government shutdown looms as Congress fails to reach budget deal The U.S. government is facing a shutdown on October 1 as Congress has failed to reach a budget deal. The current fiscal year ends on September 30, and if Congress does not pass a funding bill by then, the governme...
government funding for four to six weeks from October 1. Similar bills, commonly called “continuing resolutions” (CR), have managed to offset government shutdowns before; particularly in 2018 when two separate government shutdowns were delayed into January and December, respectively. This shows ...
That move had echoes of October, when a small band of hardliners engineered a vote that removed McCarthy for relying on Democrats to pass a stopgap measure to avert another partial government shutdown. They had been angry at McCarthy since June, when he agreed with Biden on the outlines ...
from 2018-2019 the U.S. experienced a "government shutdown" as Congress sought to block authorization for Trump's wall funds, which lasted 35 days. These confrontations have become standard as U.S. governance becomes more dysfunctional, which may also add short-term economic harm to the econo...
20:49:47, October 1, 2023 Biden signs stopgap funding bill to avert government shutdown Joe Biden signs the stopgap funding bill on Saturday night. From @POTUS/X President Joe Biden signed a stopgap bill to avert a government shutdown tonight ahead of a critical midnight deadline when ...