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 possibility of a government shutdown as Congress faces a deadline to pass 12 spending bills, with the most likely scenario being a continuing resolution to extend last year's spending levels for a designated period of time.
Lawmakers in Congress are facing a potential government shutdown at the end of the month, with the possibility of a shutdown becoming increasingly inevitable due to the lack of progress in negotiations and disputes between House Speaker Kevin McCarthy, hardliners in his party, and the US Senate.
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.
Lawmakers are dealing with a potential government shutdown as oil prices rise above $90 per barrel and housing data is expected, all ahead of the September FOMC meeting where the trends in inflation and the housing market will influence the Fed's decision on interest rates.
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.
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.
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.
If lawmakers fail to pass a budget by October 1, the government will shut down and it could have several negative impacts on the economy, such as furloughed workers, difficulty in obtaining mortgages, and the Federal Reserve lacking important data for monetary policy decisions.
A government shutdown on October 1 is likely, but it is not expected to have a significant impact on financial markets or cause an economic recession.
Lawmakers in the U.S. House and Senate have until September 30 to pass a spending bill to fund the government and avoid a shutdown, with Republican and Democrat leaders trying to navigate internal disagreements in their respective parties.
A potential government shutdown looms as Congress struggles to pass a funding bill by Saturday night, which could result in federal workers going without pay and essential services continuing while non-essential services halt.
Congress has four days to fund the government past Sept. 30 to avoid a shutdown, with the House and Senate each working on their own plans.
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 government shutdown is looming, and if lawmakers fail to pass a budget or stopgap measure by September 30, federal agencies deemed non-essential will cease operations, impacting federal workers, government benefits recipients, air travel, and the overall economy.
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.
Federal agencies are warning their workers of a possible government shutdown, where employees may not receive pay, if Congress fails to reach a funding deal by the end of September 30th.
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.
Congress is facing a potential government shutdown as the Republican-led House and Democratic-controlled Senate struggle to reach a short-term funding agreement before the looming deadline.
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.
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.
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.
House Republican Marjorie Taylor Greene blames Democrats for the imminent government shutdown occurring when funding expires on Saturday, as Republicans and Democrats struggle to reach an agreement on a new funding bill, risking furloughs for federal workers and potential backlash in Congress.
The US government narrowly avoided a shutdown after Congress passed a last-minute funding bill and President Joe Biden signed it just before midnight, preventing an unnecessary crisis and ensuring the government remains open until at least November 17.
Congress passes a short-term spending bill to avert a government shutdown, which President Biden signed into law, funding the government 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.
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.
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.
