House Speaker Mike Johnson dismisses separate bill for US troop payments, suggests federal workers ‘should’ receive back pay amid ongoing shutdown
WASHINGTON – As the federal government shutdown heads into its second week, House Speaker Mike Johnson (R-Louisiana) declined to support a separate measure aimed at funding the salaries for U.S. military personnel. During a press conference, Prime Minister Boris Johnson highlighted that a temporary funding bill passed by the House of Commons on September 19 […]
Markets focus on Powell and the potential US shutdown today
The US dollar (USD) has reached a two-month high, fueled by worries about a potential government shutdown and a prevailing risk-averse sentiment in the foreign exchange markets. Additionally, the minutes from the FOMC indicated that more interest rate cuts could be on the horizon, though the overall tone was quite cautious. Highlights on Thursday, October […]
The shutdown is already leading to flight delays, with service to over 170 airports potentially halting completely.
(NEXSTAR) – The ongoing federal government shutdown that started on October 1 is beginning to disrupt air travel, as noted by Transportation Secretary Sean Duffy. Air traffic controllers are working without pay, leading to increasing delays at several major airports, and smaller regional airports face potential closure by the end of the week. The funding […]
Government shutdown reaches day 8 as Trump considers backpay for furloughed workers
The Trump administration is intensifying the impact of an ongoing government shutdown, which is now on its eighth day, showing no immediate signs of resolution. Recently, the White House Office of Management and Budget (OMB) unveiled a plan that, according to reports, does not promise back pay for federal employees who are currently furloughed. This […]
Senate Democrat on shutdown: ‘Things are going well’ for the party
Sen. Whitehouse Talks Government Shutdown Effects Senator Sheldon Whitehouse (D-R.I.) remarked that the ongoing government shutdown appears to be working in favor of Democrats, while Republicans in Congress seem to be “in turmoil” as the situation drags on. During an appearance on MSNBC’s “Morning Joe,” Whitehouse expressed his faith in Democratic leadership and addressed concerns […]
S&P 500 and Nasdaq increase as Nvidia rises while Wall Street seeks to move beyond shutdown concerns: Live updates
Traders were busy on the floor of the New York Stock Exchange, and it seems the S&P 500 made a bit of a comeback on Wednesday, bouncing back from a decline that interrupted a solid seven-day winning streak. However, there’s some chatter about whether the artificial intelligence sector can maintain its momentum. Also, the U.S. […]
Schumer Continues Government Closure Despite Rising Shutdown Expenses
Government Shutdown Update On Wednesday, Senate Minority Leader Chuck Schumer and a majority of Senate Democrats voted to continue government closures, despite the extended ramifications of ongoing funding lapses. This marks the sixth time Democrats have turned down a bipartisan funding proposal aimed at resuming government operations. A trio of senators—John Fetterman from Pennsylvania, Katherine […]
Government shutdown reaches Day 8 while Senate stays at an impasse
Senate Democrats Block Republican Efforts Amid Government Closure Senate Democrats, on Wednesday, prevented Republicans from reopening the government for the sixth time, facing increasing pressure and threats from the White House. It’s been like “Groundhog Day” in the Senate for eight days now. Unlike the 1993 film starring Bill Murray, there’s been little to no […]
Shutdown moves into its second week as Democrats prevent funding bill for the sixth time
On Wednesday, Senate Democrats blocked a bill aimed at ending the government shutdown for the sixth time. The funding dilemma has now stretched into its second week, showing minimal signs of progress. Senators cast their votes, with 54 in favor and 45 against the Republicans’ simple stopgap spending measure designed to keep the government funded […]
Kennedy claims Schumer is creating a ‘political shutdown’ to satisfy the far-left.
Sen. Kennedy Critiques Schumer Amid Government Shutdown Sen. John Kennedy (R-La.) has criticized Senate Minority Leader Chuck Schumer (D-N.Y.) for what he describes as “political closure” intended to please the progressive faction of the Democratic Party. On “Fox & Friends,” Kennedy remarked, “His relationship with the truth is very casual.” He added a rather unusual […]