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House Republicans block Democratic funding plan as government shutdown approaches

House Republicans block Democratic funding plan as government shutdown approaches

House Democrats Push for Short-Term Funding to Avoid Shutdown On Tuesday, House Democrats made their final attempt to pass a government funding proposal as the deadline to prevent a government shutdown loomed. They are advocating for a temporary extension at the current funding levels, often referred to as a continuing resolution (CR), which is crucial […]

Guide to the government shutdown starting on Wednesday

Guide to the government shutdown starting on Wednesday

The government is expected to start closing down around 12:10 AM on Wednesday. The Senate is set to conduct a test vote aimed at overcoming the filibuster concerning the interim spending bill that was recently passed by the House. This, unfortunately, requires a 60-vote majority, highlighting the need for bipartisan support. Hence, a government shutdown […]

Pound Sterling strengthens against the US Dollar due to concerns over a government shutdown.

Pound Sterling strengthens against the US Dollar due to concerns over a government shutdown.

Pound Sterling (GBP) rises to nearly 1.3450 amid concerns about potential US government shutdowns. Democrats are urging Republicans to reverse cuts to healthcare funding. Boe’s Ramsden is advocating for interest rate cuts to address declining employment demand. During Tuesday’s European trading session, Pound Sterling (GBP) was up to about 1.3450 against the US Dollar (USD). […]

Aviation organizations warn Congress that a government shutdown would negatively impact air travel safety and operations.

Aviation organizations warn Congress that a government shutdown would negatively impact air travel safety and operations.

U.S. airlines and aviation organizations are alerting Congress about the potential consequences of late-night government shutdowns, emphasizing that such actions could disrupt air travel and compromise safety, not to mention hinder modernization efforts for the nation’s air traffic control system. This warning comes from the Modern Skies Coalition, a trade association representing major players like […]

EUR/USD remains steady as potential US government shutdown looms

EUR/USD remains steady as potential US government shutdown looms

The euro strengthens past 1.1750, but hovers in the middle of last week’s range. Concerns over a possible US government shutdown keep the dollar on the defensive. Weak Eurozone data and new US tariffs dampen risk appetite, limiting euro gains. As of Tuesday, the EUR/USD is trading with moderate gains above 1.1750. The pair rallied […]