government shutdown

The threat of a U.S. government shutdown casts a formidable cloud over the eagerly awaited release of critical economic data. The political deadlock over government funding carries the potential to immerse investors, Fed watchers, and policymakers into an unsettling period. A data blackout injects...

Lawmakers are running out of time to prevent another partial shutdown of the U.S. government. Goldman Sachs’ chief economist, Jan Hatzius, predicts a shutdown lasting two to three weeks starting Oct. 1. "A government shutdown this year has looked likely for several months, and...

In a surprising move amid the pursuit to prevent a government shutdown, Georgia Representative Marjorie Taylor Greene has proposed slashing Defense Secretary Lloyd Austin‘s salary to a mere $1. Greene made the proposal on the House floor, which received support from some...

Republican Presidential Candidate Nikki Haley endorsed a burgeoning movement in Congress advocating for lawmakers to forfeit their salaries if a government shutdown ensues. What Happened: Haley expressed her support for this policy change during the second GOP debate, saying, “We...

In the face of a potential U.S. government shutdown, financial experts from Wall Street and within the Biden administration asserted an immediate recession was unlikely. They do caution this risk could grow if the shutdown was prolonged. What Happened: As stated in a recent New York...

A deadline to avoid a government shutdown over funding bills in Congress is nearing, and many portions of the U.S. economy could be impacted. Here’s a look at who Americans are ready to place the blame on if a government shutdown occurs. What Happens: A Sept. 30 deadline for government...

Plains, the small rural town where former president Jimmy Carter was born, is preparing to celebrate his 99th birthday amid concerns about a possible government shutdown. The event also marks Carter’s first birthday since he started home hospice care earlier this year, The...

In anticipation of a possible government shutdown, the White House is preparing for potential operational changes, CNN reported. Senior West Wing officials are determining which personnel would be classified as “essential” starting Oct. 1, as the deadline to fund the...

Following two failed votes last week, House Republicans rallied on Tuesday to commence discussions on a suite of spending bills, hoping to muster enough support to prevent a government shutdown by the end of the week.  What Happened: The House Republicans voted to initiate...

Lockheed Martin Corp. (NYSE:LMT) shares are enduring their most challenging month since January 2021, witnessing a decline of approximately 9% month-to-date as of Sept. 26. The security and aerospace company faces mounting pressure due to the looming risk of a U.S. government shutdown that could...

As the clock ticks toward an Oct. 1 deadline to avoid a shutdown, the U.S. government is grappling with political brinkmanship that threatens to disrupt federal funding. Senate negotiators from both sides of the aisle are inching closer to a short-term spending agreement aimed at averting a...

A group of moderate Republicans are considering joining Democrats to prevent a government shutdown after Sep. 30, The Hill reported. At least three Republican representatives, Rep. Mike Lawler (R-N.Y.), Rep. Don Bacon (R-Neb.) and Rep. Brian Fitzpatrick (R-Pa.), are open to signing a discharge...

A government shutdown looms if lawmakers don’t crank out a funding deal, and noted economist Peter Schiff had an interesting take on a potential lack of agreement. What Happened: There would be widespread support for a government shutdown if during any shutdown all federal taxes were...

U.S. President Joe Biden is urging Republicans in Congress to act swiftly to avert a potential government shutdown and its subsequent impacts on numerous sectors. What Happened: President Biden took to X, formerly Twitter, on Monday, expressing concerns about the possible effects of a government...

The U.S. may face credit assessment implications if the looming government shutdown happens, warns the credit rating giant Moody’s. A government shutdown, if it materialized, would shine a spotlight on the vulnerabilities in U.S. institutional and governance strength when compared to...