IANS | 01 Oct, 2023
The US government is preparing up for an indefinite shutdown
notifying all state agencies to go into emergency preparedness to
prioritise expenditure as Congress failed to endorse the Senate's
Continuing Resolution bill and voted out a defence expenditure bill that
preceded it.
The government will shut down at 12.01 a.m. Eastern
Time Sunday if Congress fails to pass legislation to renew funding by
the deadline.
With Hard-line Republicans pushing for deep
spending cuts, the possibility of a shutdown is high, even as a
bipartisan approach by liberal minded republicans and democrats to push
the continuing resolution in the house appears very dim given the time
frame. Its shut down time really, media reports said.
Most
legislators have gone home to their constituencies to attend fundraising
events and the speaker told them to be prepared to return in the event
of an emergency if a solution emerges. Given the time period it seems
difficult to hammer out a solution, media reports said.
A
bipartisan group of Democrats and Republicans were huddled in the chief
whip of the Republican's chambers to find a quick fix solution to end
the impasse and keep the government open, the Washington Examiner
said.
Meanwhile, reports from New York said that the imminent
government shutdown from Sunday will have far reaching consequences in
the Tri-State Area – (New York, New Jersey and Connecticut) unless the
House is somehow able to pull a rabbit out of a hat, reports said.
Budget
analysis warned the people "Buckle your seatbelts because a shutdown
will not be pretty". It will affect airports, critical federal aid
payments to parents and children, and the ability of officials to get
work permits for asylum seekers.
Jeffries was utterly frustrated
by the Republicans action to block the advancement of 12 legislations
including the Continuing Resolution and the growing likelihood of a
government shutdown, which could have a devastating effect on an economy
already reeling from inflation and high interest rates.
They
recalled with vivid memory the last government shutdown that began in
December 2018 with then-President. Ex-President Donald Trump and
Democrats in a 35-day face off on a standoff over his demand for funding
for a border wall.
A government shutdown impacts Wall Street’s
financial markets, America's bond ratings, the military, border security
and the financial stability of hundreds of thousands of Americans as
funds stop flowing into them, CBS News said.
