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.
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.
If Congress fails to provide funding for the fiscal year starting Oct. 1, many U.S. government services would be disrupted, federal workers would be furloughed without pay, and essential workers would remain on the job without pay.
Millions of federal employees and military personnel face the prospect of a government shutdown, which would result in financial hardships for American families, disruptions in services, and potential harm to the 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.
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.
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.
The publication of major U.S. economic data, including employment and inflation reports, will be suspended indefinitely if the federal government shuts down due to lack of funding, leaving policymakers, investors, and businesses in the dark for key decision-making.
Experts suggest that the crypto industry's most urgent needs, such as SEC decisions on ETF applications and progress in court cases, won't be entirely derailed by a potential government shutdown, although there may be temporary slowdowns and a halt to SEC enforcement against crypto firms. Federal courtrooms are expected to operate normally for a few weeks, and criminal trials will continue, but the progress of cryptocurrency legislation in Congress may be stalled. If the shutdown persists, it may have significant repercussions as unpaid employees leave and government offices exhaust their funds.
A potential US government shutdown could have a negative impact on the country's credit, according to Moody's, due to disrupted services, furloughed federal workers, and weakening fiscal policymaking.
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.
A government shutdown could result in 90% of staff at the U.S. Department of Education being furloughed, potentially causing delays for borrowers seeking loan forgiveness and certain changes to their loans.
If the federal government shuts down, Social Security checks will still be distributed, but numerous publicly funded agencies will stop work, employees won't be paid, and other federal programs and services will be affected.
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.
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.
A government shutdown in the U.S. could cause significant disruptions in the stock and bond markets, with the Securities and Exchange Commission being forced to furlough most of its staff and leaving the market oversight at a "skeletal" crew level.
Unless Congress acts soon, the federal government is at risk of shutting down again, leaving millions of federal workers without pay, as House Speaker Kevin McCarthy and his caucus clash over maintaining government operations or implementing drastic spending cuts demanded by conservatives.
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.
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.
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.
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.
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.
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.
