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.
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.
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.
A full government shutdown in the US is likely at the end of the month, which could impact the Federal Reserve's decision to raise interest rates in November, according to analysts at PIMCO.
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.
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.
The federal government is at risk of shutting down on October 1 if a last-minute spending deal is not reached, potentially leading to delayed paychecks for millions of federal workers and negative effects on the economy, according to the AP.
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.
The House and Senate are racing against time to prevent a government shutdown on October 1st by attempting to pass a measure to keep the government open for 45 days, but the outcome remains uncertain due to the opposition of extreme right-wing lawmakers.
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.
The White House is preparing for a possible government shutdown on October 1, with senior officials drawing up plans for essential personnel, as lawmakers struggle to find a funding solution.
A brief government shutdown is unlikely to significantly slow down the economy, but a prolonged shutdown could hurt growth and potentially impact President Biden's re-election prospects.
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 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 Senate voted 76-22 to keep a six-week government funding measure on track to pass this weekend, but it looks increasingly likely the federal government will shut down when funding runs out Saturday.
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.
The chances of a government shutdown are almost 90%, according to the President of the Committee for a Responsible Federal Budget, Maya MacGuineas, who argues that Congress is running out of time to pass a funding bill.
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.
The U.S. government faces a partial shutdown if a bipartisan stopgap spending bill is not passed, leading to the closure of national parks, furloughs of federal workers, and suspension of regulatory activities, as a handful of hardline Republicans reject the bill.
Lawmakers in the United States have less than 48 hours to prevent a government shutdown, which would have significant negative impacts on various sectors, including aid for babies, pay for military members, and the operation of national parks.
Congress faces an imminent government shutdown as a funding bill fails in the House and Senate is predicted to need until Sunday for passage.
The US government is facing another shutdown as Congress fails to reach an agreement on funding federal agencies, which could have significant impacts on various sectors including air travel, national parks, and crucial nutrition programs.
Lawmakers in the United States are facing a potential government shutdown as they struggle to pass legislation that would keep the government funded beyond the start of the fiscal year, which could result in the closure of federal agencies and services.
The United States government is at risk of a partial shutdown, which could impact the progress of crypto bills and hinder the functioning of financial regulators.
US Treasury Secretary Janet Yellen warns that a government shutdown could lead to a recession, with immediate harm and long-term repercussions for the economy.
President Joe Biden signed a stopgap funding bill to avert a government shutdown, but the absence of aid for Ukraine puts it in serious jeopardy.
US President Joe Biden welcomed a deal to avert a government shutdown but urged Congress to quickly approve aid to Ukraine, which was excluded from the agreement.
Congress passed a stopgap funding bill to keep the government open through mid-November, avoiding a shutdown that would have had devastating effects, allowing federal workers to continue receiving pay and preventing disruptions to air travel and relief efforts in the wake of natural disasters.
Congress passes a short-term spending bill to avert a government shutdown, which President Biden signed into law, funding the government through November 17.
President Biden criticized Republicans for bringing the nation close to a government shutdown but commended the passage of a short-term funding bill to prevent it, while urging Congress to pass a separate bill providing more aid to Ukraine.
Lawmakers avoided a government shutdown by passing a 47-day stopgap funding measure, but will need to find a solution by November 17th to prevent a Thanksgiving shutdown, while House Speaker Kevin McCarthy faces threats to his position and potential removal from Rep. Matt Gaetz.
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.
Major market averages are mixed on Monday morning as Congress avoids a shutdown for now, with the bond selloff continuing; however, the US averted a shutdown just before the deadline, which will keep the government running until November 17th.
Congress averted a government shutdown by agreeing to 45 days of funding, with Democrats attempting to shut down the government over their desire for increases in Ukraine war funding, while Republicans opposed such funding.
A last-minute temporary funding bill signed into law by President Joe Biden prevented a government shutdown, but highlights the vulnerability of programs like the Special Supplemental Nutrition Program for Women, Infants, and Children (WIC) that millions of Americans rely on for support.
Republicans in the U.S. House of Representatives are discussing options to avert a partial government shutdown, including extending funding through mid-January or mid-April to allow for more time to negotiate government funding bills through the fiscal year.
