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...
Stephen Juneau, an analyst at Bank of America, noted that the impact of a government shutdown on financial markets is typically limited. On average, US interest rates and the dollar index are barely affected, and the S&P 500 index and volatility index typically respond flatly. However, the 20...
US Airways, Union Work Past Deadline; Two Sides Agree to Extension at Urging of Mediator in Effort to Avert a ShutdownFrank SwobodaWarren Brown
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 ...
off a government shutdown, as well as the resulting furlough of thousands of government employees, it appears unlikely that the House will be able to advance the necessary appropriations in time for the September 30 deadline. Even with temporary funding, a shutdown would not necessarily be ...
been able to approve only temporary funding plans, which cover a few months at a time. The next deadline is March 1, when the most recent temporary funding plan expires for some departments and a week later for others. The government faces a potential sh...
TikTok said in a court filling. It said it has repeatedly explained to the U.S. government and sponsors of the Act were aware of the divestment is not possible, so the Act will effectively "force a shutdown of TikTok by January 19, 2025, silencing the 170 million Americans who use the...
TikTok also has agreed to a "shut-down option" that would give the US government the authority to suspend TikTok in the US if it violates some obligations. TikTok has denied that it has or ever would share Americans' user data, accusing US lawmakers of advancing "speculative" concerns. ...
President Joe Biden signed a stopgap bill to avert a government shutdown tonight ahead of a critical midnight deadline when funding for federal agencies was set to run out, the White House said in a statement. “I just signed a law to keep the government open for 47 days. There’s ple...
September 30 2023 US government shutdown US on brink of shutdown as Republicans defeat funding bill Dissidents’ vote against their party’s own stop-gap measure is blow to House Speaker McCarthy as Saturday budget deadline looms Save September 26 2023 US government shutdown Moody’s warn...