Us Government Shutdown

Friday midnight deadline looms for US Congress to prevent govt shutdown

Congress has until midnight Friday to come up with a way to fund the government or federal agencies will shut down, meaning hundreds of thousands of federal employees could be sent home or stay on the job without pay just ahead of the holidays. Republicans abandoned a bipartisan plan Wednesday to prevent a shutdown after President-elect Donald Trump and billionaire Elon Musk came out against it. Trump told House Speaker Mike Johnson to essentially renegotiate the deal days before a deadline when federal funding runs out. Here's what to know about a possible government shutdown, what agencies would be affected and how long it could last: What does it mean if the government shuts down? A government shutdown happens when Congress doesn't pass legislation either temporarily or more permanently funding the government, and such a measure isn't signed by the president. When would a government shutdown start? If Congress doesn't approve a continuing resolution or more permanent spendin

'Nasty trap': Trump and Musk oppose stopgap bill, US govt shutdown looms

The stopgap spending measure, designed to extend government funding until March 14, met resistance from President-elect Donald Trump and Elon Musk

US Congressional leaders ready stopgap bill to extend govt funding to March

Congressional leaders are preparing a stopgap bill to keep the federal government running into March and avoid a partial shutdown next week. The temporary measure will run to March 1 for some federal agencies whose approved funds are set to run out on Friday and extend the remainder of government operations to March 8. That's according to a person familiar with the situation and granted anonymity to discuss it. The stopgap bill, expected to be released on Sunday, would come as House Speaker Mike Johnson has been under pressure from his hard-right flank in recent days to jettison a recent bipartisan spending deal with Senate Democrats. The bill would need Democratic support to pass the narrowly divided House. Johnson insisted on Friday that he is sticking with the deal he struck with Senate Majority Leader Chuck Schumer, despite pressure from some conservatives to renegotiate. Moderates in the party had urged him to stay the course. Still, in his first big test as the new leader, h

US Prez Biden signs stopgap spending bill, averts government shutdown

The two-step plan, a victory for House Speaker Mike Johnson, received bipartisan support in both chambers. It establishes new shutdown deadlines in January and February

US Congress approves temporary funding, averts government shutdown

Ending the threat of a government shutdown until after the holidays, Congress gave final approval Wednesday night to a temporary government funding package that pushes a confrontation over the federal budget into the new year. The Senate met into the night to pass the bill with an overwhelming 87-11 tally and send it to President Joe Biden for his signature one day after it passed the House on an overwhelming bipartisan vote. It provides a funding patch into next year, when the House and Senate will be forced to confront and somehow overcome their considerable differences over what funding levels should be. In the meantime, the bill removes the threat of a government shutdown days before funding would have expired. This Friday night there will be no government shutdown, Senate Majority Leader Chuck Schumer said in a floor speech ahead of the final vote. The spending package keeps government funding at current levels for roughly two more months while a long-term package is ...

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Closing Bell on October 3, 2023: In the broader markets, the key indices outperformed the frontline indices with the BSE MidCap index gaining 0.09%, and the BSE SmallCap index advancing 0.6%

Crypto wrap: Ethereum outperforms Bitcoin as investors tread with caution

Apart from Ethereum, almost all the major crypto coins traded range bound in the last one week

The Biden govt could shut down on October 1: Here's all you need to know

The US Congress is at a crossroads days before a disruptive federal shutdown that would halt paychecks for many of the federal government's roughly 2 million employees

Shutdown cost US economy over $11 bn, more than Trump's border wall demand

The border wall to stem illegal immigration was a signature pledge from Trump's 2016 campaign

US shutdown's economic impact is higher than price of Trump's border wall

Wall Street traders aren't the only ones who rely on government economic data

How Nancy Pelosi beat Donald Trump at his own game to end US govt shutdown

A Trump adviser said the president's view of Pelosi has not changed

Shutdown may continue as US Senate rejects two proposals to reopen govt

The partial shutdown of the US government, now in its 34th day, is the longest in history

US shutdown: Fears of tax chaos loom as IRS readies for filing from Monday

The annual tax filing season for Americans to file their 2018 returns is scheduled to open on Jan 28 and run through April 15

Will give State of the Union address when the shutdown is over: Trump

Democratic leaders in the House of Representatives floated the idea of ending the partial government shutdown by giving Trump most or all of the money he seeks for security

After a month of US shutdown, unpaid federal workers turn to food banks

Customs, tax and emergency management officials are all among the crowd, having gone unemployed since December 22

Defying Pelosi, Trump may deliver State of the Union Address on Jan 29

Trump administration is trying to conduct advance preparation for an address in the House Chambers

US govt shutdown day 32: Senate set to vote on 2 competing plans tomorrow

A senior Republican Senate aide said it was unlikely Republicans would sign on to the short-term funding bill, and that even if they did, the president would not sign it

How the second-longest US government shutdown is affecting the economy

In 2013, the government repaid even furloughed workers what they would have earned had the shutdown not happened

Trump may declare national emergency to fund wall if deadlock continues

There is little hope that the broad divide between Trump and Democrats over his demand for more than $5 billion for a border wall would be bridged anytime soon

Deal likely on ending US govt shutdown as Trump agrees to steel barrier

White House signals that talks to reopen the federal government could produce an agreement between Republicans and Democrats.