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Washington in Turmoil as Biden Faces Impeachment Threat and McCarthy Battles Own Party; Americans Anxious Over Economy

  • Washington descends into chaos with Biden facing impeachment and McCarthy facing revolt in his own party.

  • Economic anxiety rises on Main Street as Americans struggle with cost of living.

  • Poll shows disconnect between Washington and citizens worried about economy.

  • Biden defends economic record but Americans feel economy getting worse.

  • Risks for both parties if government shuts down or impeachment backfires.

usatoday.com
Relevant topic timeline:
Americans are growing increasingly anxious about the possibility of another government shutdown, with concerns about the impact on the economy and essential programs such as child care and fishing quotas.
Tension is rising among GOP lawmakers as a government shutdown becomes increasingly likely due to major differences between the House and Senate on spending levels and critical policy issues, including aid to Ukraine and disaster relief funding.
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.
### Summary 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 warns that congressional Republicans pushing for a government shutdown are unlikely to achieve a victory similar to the one they sought in 2013, as there appears to be no clear "win" in sight for the party.
Americans are feeling uncertain about the economy's direction and are starting to worry about a possible government shutdown, as consumer sentiment dips in September due to concerns about inflation and higher gas prices.
The threat of a government shutdown, strikes in Hollywood and Detroit, and discussions on the 2024 election are expected to dominate this week's Sunday news shows.
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.
Washington is preparing for a government shutdown in 10 days, and Republicans are expected to bear the blame for it.
Congress faces the risk of a government shutdown as Republican infighting and dysfunction threaten to derail funding, highlighting the long-running chaos and dysfunction in American politics.
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.
Speaker Kevin McCarthy faces uncertainty and potential government shutdown as hardline conservatives within the Republican party scuttled his spending plans, leading to an embarrassing defeat for GOP leadership and a lack of unity among members.
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.
Investors should not be overly worried about the potential government shutdown's impact on the market, as historical trends indicate that any weakness will likely be a buying opportunity from a short-term trading perspective.
Conservative GOP Representatives Matt Gaetz and Marjorie Taylor Greene may face detrimental political consequences if their push for a government shutdown is successful, according to Rep. Jamie Raskin. Raskin believes that the shutdown plan is orchestrated by former President Trump and warns that participating in it could end their political careers.
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.
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.
A potential government shutdown in the U.S. could negatively impact the country's credit rating, highlighting weaknesses in institutional and governance strength, according to Moody's Investors Service. The economic impacts would be concentrated in areas with significant government presence, and the severity of the effects would depend on its duration. If prolonged, it could have a more pronounced effect on business and consumer confidence as well as financial markets.
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 impending government shutdown may have an impact on the financial markets, according to Kristina Hooper, Chief Global Market Strategist at Invesco.
The risks of a near-term recession are increasing due to potential government shutdown and strikes in the auto industry, which are weighing on consumer confidence, according to J.P. Morgan Asset Management Global Market Strategist Jack Manley.
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 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 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.
Investors are increasingly fearful due to a mix of factors including rising oil prices, expectations of higher interest rates, a sluggish Chinese economy, and the possibility of a US government shutdown, leading to concerns of a prolonged period of stagflation and a potential recession.
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.
Americans are becoming more concerned about a possible government shutdown and ongoing labor strikes, causing uncertainty and potential economic impacts, according to the University of Michigan's consumer sentiment survey.
The government is on the brink of a shutdown because Congress has not passed the necessary spending bills, and it remains uncertain how it will reopen as there is a disagreement over spending between right-wing Republicans and the Senate and White House controlled by Democrats.
Rep. Marjorie Taylor Greene believes that most Americans are not worried about a government shutdown because they have already experienced the effects of the COVID-19 pandemic.
The near-shutdown of the U.S. government highlights the dysfunction and inability of Congress to pass essential laws and fund the government, raising concerns about its ability to function effectively.
The ousting of House Speaker Kevin McCarthy raises the odds of a government shutdown in November, which could negatively impact the stock market and further challenge an already struggling economy.
The political dysfunction within the House GOP, including the ouster of former Speaker Kevin McCarthy, is causing concerns for financial markets and adding new risks at a time of heightened fears about inflation, bond yields, and oil markets. The potential for a government shutdown and the delay in electing a new Speaker further compound the worries and could impact consumer confidence and economic data needed by the Federal Reserve to make decisions on interest rates.