shutdown

Senior Republicans are reportedly exploring the idea of including cuts made by Elon Musk’s Department of Government Efficiency (DOGE) in an upcoming government funding bill, dramatically increasing the potential for a government shutdown. This strategy, which is still under discussion, could...

House conservatives are pressuring Speaker Mike Johnson after a rocky week of negotiations and infighting over a government spending bill. Johnson, who narrowly avoided a government shutdown, now faces intense scrutiny from his party with a speakership vote looming in two weeks, reports Politico....

The debt ceiling has become a central point of contention in Washington this week, disrupting year-end government funding talks that were resolved early Saturday. What Happened: President-elect Donald Trump has called for either raising or completely eliminating the borrowing limit, a move that...

Facing a looming government shutdown, the Senate moved swiftly on Saturday to pass a bipartisan bill that temporarily funds federal operations and provides disaster aid. What Happened: The House, led by Speaker Mike Johnson, overwhelmingly approved the legislation, 366-34, before the Senate passed...

The House of Representatives voted to remove Kevin McCarthy from his role as speaker Tuesday, marking a historic moment in U.S. politics. This move came after eight Republicans crossed party lines to join Democrats in the ousting, following an initiative led by Rep. Matt Gaetz (R-Fla.). Rep....

The role of U.S. House Speaker Kevin McCarthy (R-Calif.) is in jeopardy, as a member of his own party calls for his ouster following his endorsement of a temporary government funding bill. What Happened: As reported by Reuters, Republican heavyweight McCarthy voiced his confidence on Sunday that he...

The recent governmental funding extension has stirred a wave of criticism, including from former Trump adviser, Stephen Miller. He expressed his discontent regarding the extension on Sunday. What Happened: Miller voiced his dissatisfaction with Congress’ decision to avert a shutdown and...

Following the incident of Rep. Jamaal Bowman (D-N.Y.) triggering a fire alarm, former President Donald Trump has called for legal action. The ex-president deemed Bowman’s actions as ‘egregious’ and deserving of imprisonment. What Happened: As reported by The Hill, Trump aired his...

In a nail-biting development amid fears of a government shutdown, the House has passed a bipartisan bill, narrowly averting the blackout as the midnight deadline looms. The latest move paves the way for a Senate vote to fund the U.S. federal government for an additional 45 days.  House Speaker...

The U.S. stock market has weathered its toughest month of the year, with September adhering to its typical negative seasonality in terms of risk sentiment. Both the SPDR S&P 500 ETF Trust (NYSE:SPY) and the Nasdaq-related Invesco QQQ Trust (NASDAQ:QQQ) closed 5% lower this month. Bonds Sell...

The Internal Revenue Service (IRS) is girding up for massive furloughs that could hamper important taxpayer services, as the threat of a government shutdown looms large. What Happened: The IRS plans to furlough a sweeping majority of its workforce, around 60,000 employees, if the government shuts...

In response to the impending government shutdown, the Federal Emergency Management Agency (FEMA) has announced plans to withhold $8 billion in disaster recovery funds, impacting 27 states and territories. What Happened: FEMA will withhold disaster aid until Congress replenishes its funds. This move...

The U.S. State Department has been actively planning for a possible government shutdown, said spokesperson Matthew Miller on Thursday. According to Reuters, the State Department has been engaging in contingency planning for several days. The focus of these plans is to identify the...

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...