WASHINGTON: A US government shutdown brings challenges to the world’s biggest economy and could lead to dampened demand while authorities provide fewe...
A US government shutdown brings challenges to the world’s biggest economy and could lead to dampened demand while authorities provide fewer resources to people, a top Treasury official warned on Monday .
The White House has asked Congress to swiftly vote on a budget extension to avoid such a situation, which could paralyse nearly the entire federal government. “The last thing we need is the headwind of a government shutdown,” he said, although there are well-rehearsed plans for such a scenario. But control of the US Congress is split, with Democrats holding the majority in the Senate and Republicans in charge of the House of Representatives, adding uncertainty to any potential agreement.
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