shutdown

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...

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...

As the clock ticks down to a potential U.S. government shutdown, budget negotiations in Congress remain deadlocked. A group of conservative and mainstream House Republicans has reportedly reached an agreement to fund the government through October via a continuing resolution. This deal faces...

After a three-day shutdown, the U.S. government was open for business this week after Congress approved a temporary spending bill. But according to Height Securities, Americans should expect Congress to end up right back where it started in a matter of weeks. The temporary spending bill did little...

The nation is facing a potential government shutdown for the first time since 1995. If the House and Senate cannot agree on a spending bill by midnight Monday, a shutdown seems likely. Here are some basic questions (and answers) related to a government shutdown: When would the shutdown begin...