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.
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.
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 impending federal shutdown, combined with other economic challenges such as rising gas prices, student loan payments, and reduced pandemic savings, is expected to strain American households and potentially weaken economic growth in the last quarter of the year.
The U.S. travel economy stands to lose nearly $1 billion per week during a government shutdown, as six in 10 Americans would cancel trips or avoid flying, according to analysis by the U.S. Travel Association. The previous government shutdown in 2018-2019 cost the economy $11 billion, with national parks, monuments, and tourism-dependent towns taking a significant hit. Closure of government-run museums and monuments in Washington, D.C., during a shutdown also leads to substantial economic losses. The hassle of traveling is exacerbated, further discouraging tourism and spending.
Google searches about the potential government shutdown in the US are increasing, with a particular interest in how it would affect Social Security, veterans' benefits, and the US dollar.
A U.S. government shutdown would negatively impact its credit assessment and highlight the weakness of its institutional and governance strength compared to other top-rated governments, according to Moody's, although the economic impact would likely be short-lived.
A government shutdown in the US may cause the Federal Reserve to delay an interest rate hike and could impact the recent strength of the dollar, analysts have warned. The shutdown could also lead to a delay in key inflation data, which would affect Fed policy decisions, and may put pressure on consumer spending.
The federal government is on the verge of a shutdown, with potential consequences for various areas of governance.
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 have dangerous consequences for the nation's cyber defenses and efforts to combat violent crime, warns Deputy Attorney General Lisa Monaco.
The possibility of a government shutdown in the U.S. could have negative implications for the crypto industry's regulatory progress and projects, similar to the effects seen in the previous shutdown in 2018 and 2019, with delays in approvals and a withdrawal of a bitcoin ETF application.
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 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.
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.
The Federal Aviation Administration (FAA) faces the possibility of a double government shutdown as the deadline to renew its authorizing law coincides with the deadline to extend federal funding, which would result in disruptions to air traffic control training, technology upgrades, and the loss of millions of dollars in daily revenue.
A government shutdown would severely impact the U.S. Securities and Exchange Commission's ability to approve IPOs and respond to market turmoil, according to its chair, Gary Gensler.
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.
As government funding runs out at the end of September, federal government services are at risk of halting until funding resumes, potentially impacting federal workers, nutrition and food assistance programs, national parks, health care, and law enforcement efforts.
A government shutdown due to a short-term spending bill will cause financial hardship for federal employees and contractors, but there are steps they can take such as contacting their landlord or mortgage loan servicer for assistance.
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 in Virginia could have significant political consequences, potentially impacting the balance of power in the state and shaping Governor Glenn Youngkin's national ambitions.
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.
The recurring government shutdowns in the United States, a uniquely American phenomenon, are a result of the country's federal system of government and the strict interpretation of spending laws, which allow different political parties to control different branches of government and often lead to a lack of compromise.
