Goldman Sachs warns that a US government shutdown is likely to occur in 2023 due to lawmakers' failure to agree on a budget, which could negatively impact stocks and economic growth.
There is a significant chance of a government shutdown as lawmakers on Capitol Hill are divided on reaching a resolution, with Senator Ted Cruz suggesting that President Biden and Senator Schumer may want a shutdown for political gain.
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The impending government shutdown due to a funding dispute between hard-right lawmakers in the House and Democrats could affect various government functions and services, causing delays and closures in areas such as air travel, national parks, and food safety inspections.
Former House Majority Leader Eric Cantor advises Republican colleagues not to pursue a government shutdown unless they have a clear plan to come out as winners, citing the failed attempt to block Obamacare in 2013 as a major political headache that did little to hinder its rollout.
House GOP leaders are considering avoiding a government shutdown by approving a short-term continuing resolution instead of a massive bill to fund the Pentagon, as they face demands from hardliners for deeper spending cuts and specific funding levels.
The potential government shutdown threatens to deprive the Federal Reserve of crucial data on the labor market and inflation, which could hinder its ability to make informed decisions about the economy and interest rates.
Lawmakers in Congress have less than two weeks to reach a deal on funding the government past September 30, and there is a risk of a partial government shutdown if an agreement is not reached. Some GOP groups are discussing a 30-day stopgap spending patch with border security measures attached, but a shutdown is expected to be short-term.
The White House warns that a government shutdown at the end of the month could have damaging consequences for the economy, national security, and the American public.
Democrats believe that a government shutdown is inevitable and are strategizing on what a bipartisan deal to keep the government open will look like, with the expectation that it will closely resemble what Republicans already agreed to.
With just over a week until Congress hits their deadline, the possibility of a government shutdown grows as House Republicans remain divided on spending negotiations.
The White House is preparing for a government shutdown that they believe the public will blame the GOP for, as Speaker Kevin McCarthy struggles to unify his party behind a spending bill, and economists suggest that a shutdown would benefit the Biden administration heading into the 2024 presidential election.
The US government faces a potential shutdown if Congress fails to agree on funding past September 30, which would be the first shutdown since December 2018 and could result in a longer standoff between parties.
The White House is preparing federal agencies for a potential shutdown as House Republicans fail to come up with a plan to keep the government funded, risking disruptions to federal services and negatively impacting the U.S. economy.
The federal government is likely to face a shutdown that will affect various services, disrupt workers' pay, and create political turmoil as Republicans demand deep spending cuts.
A potential government shutdown in Washington could have far-reaching consequences, causing financial losses for millions of people, disrupting medical research and food access, delaying regulatory efforts, and hampering the Biden administration's agenda on energy, climate, and infrastructure.
Lawmakers are preparing for a possible government shutdown as President Joe Biden's administration advises agencies to update their shutdown plans, while congressional Republicans debate on how to proceed before the current spending plan expires.
President Biden warns of the potential consequences of a government shutdown, urging Republicans in Congress to take action to prevent it.
Despite lawmakers' efforts to avert a government shutdown, the country is headed for a shutdown due to the ongoing conflict between conservative hardliners and House Speaker Kevin McCarthy, with some lawmakers resigning themselves to the prospect.
The federal government is on the verge of a shutdown, with potential consequences for various areas of governance.
A government shutdown could have dangerous consequences for the nation's cyber defenses and efforts to combat violent crime, warns Deputy Attorney General Lisa Monaco.
The U.S. is on the verge of a government shutdown as Congress debates spending levels and aid to Ukraine, which could potentially affect government operations and federal workers' paychecks.
House Speaker Kevin McCarthy and a small group of hard-right Republicans are leading the country towards a government shutdown, which conservative commentator Charlie Sykes refers to as a "Seinfeld shutdown" because it is essentially about nothing and there is no endgame in sight.
Goldman Sachs' chief economist predicts that the U.S. government is likely to face a two-to-three-week-long shutdown beginning on October 1 due to the failure to reach an agreement on annual budget legislation.
The possibility of a US government shutdown is causing uncertainty in the market, though investors believe it is unlikely to cause significant damage to stocks; however, the delay in economic reports could impact investor sentiment and contribute to market volatility.
A potential government shutdown threatens to delay real estate transactions and leave home buyers unable to secure flood insurance, causing significant disruption to the industry.
The White House has warned that the partial shutdown of the US government could hinder almost 2,000 long-term disaster recovery projects, impacting communities across the country.
The U.S. government is facing a potential shutdown if Congress does not resolve a deadlock by this weekend, which would result in furloughs or unpaid work for federal workers and military employees, but experts believe the impact on the economy and stock market will be short-lived.
Millions of Americans anticipate a government shutdown as Congress struggles to pass a budget, potentially causing a short-term stock market gain.
President Biden's hands-off approach to the looming government shutdown is a strategy to highlight his accomplishments, but it could disrupt his planned travel schedule and events.
Summarizing the text given, the US is preparing for a government shutdown as the funding deadline approaches, with potential consequences including delays in work authorizations for migrants, impacts on the Federal Aviation Administration, uncertainty in the House regarding a procedural vote, and concerns about the effects on small businesses and border security.
A government shutdown is looming as lawmakers have until the end of the day Saturday to reach a deal or the U.S. will face one of the largest government shutdowns in history, impacting millions of workers and services.
A government shutdown could lead to disruptions in food aid, air travel, and financial markets, and increase the risk of cyber attacks on critical financial infrastructure, according to Karen Petrou of Federal Financial Analytics Inc.
Congress remains on track to trigger a government shutdown, as House Speaker Kevin McCarthy faces resistance from hardline conservatives and fails to advance a stopgap bill to extend government funding past a critical deadline.
A potential government shutdown in the US may lead to a delay or absence of the September consumer-price index report, which would complicate decisions for financial markets and the Federal Reserve.
The federal government is likely to shut down, resulting in the disruption of services and forcing some employees to work without pay until funding is restored.
The U.S. government is on track to shut down at 12:01 a.m. on October 1 unless lawmakers pass a continuing resolution or federal budget by September 30, and the biggest obstacle to reaching an agreement lies with a small group of House conservatives who are demanding deep spending cuts that won't pass the Democratic-controlled Senate.
US government shutdown averted as President Biden signs a stopgap bill to keep the government open through November 17.
Congress averted a government shutdown with a temporary deal that keeps funding at current levels until Nov. 17, providing relief for millions of Americans and avoiding a potential furlough of federal employees and delayed food assistance programs, but leaving some, like House Speaker Kevin McCarthy, facing challenges and excluding additional U.S. aid to Ukraine.
