Goldman Sachs analysts predict that the U.S. government is "more likely than not" to shut down later this year due to spending disagreements, which could temporarily impact economic growth by reducing it by 0.15-0.2 percentage points per week, with past shutdowns having minimal impact on equity markets.
Treasury Secretary Janet Yellen believes the US economy is on a path that will prevent a recession while maintaining control over inflation, as polls show increasing optimism among Americans; she also expects a strong labor market despite slower economic growth.
President Joe Biden warns that Republican-backed spending cuts could negatively impact the U.S. economy and voters as the deadline for a possible government shutdown approaches.
The potential government shutdown threatens to deprive the Federal Reserve of crucial data on the labor market and inflation, which could hinder its ability to make informed decisions about the economy and interest rates.
U.S. Treasury Secretary Janet Yellen sees no signs of an economic downturn but warns that failure to pass legislation to keep the government running could slow economic momentum.
U.S. Treasury Secretary Janet Yellen believes that the U.S. economy is on a path of a "soft-landing" and can withstand near-term risks, including a United Auto Workers strike, a government shutdown threat, a resumption of student loan payments, and spillovers from China's economic issues.
U.S. Treasury Secretary Janet Yellen acknowledges a "disconnect" between Americans' negative views on President Biden's handling of the economy and the actual performance of the economy, but predicts that sentiment will improve as the effects of administration legislation and policies become evident.
Senate Minority Leader Mitch McConnell warns House Republicans that a government shutdown would be detrimental to the Republican Party both politically and in terms of policy change.
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.
Summary: Investors shouldn't worry about a government shutdown as it is unlikely to significantly impact the stock market.
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.
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.
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.
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.
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 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 impending government shutdown may have an impact on the financial markets, according to Kristina Hooper, Chief Global Market Strategist at Invesco.
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 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 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.
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.
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