Government Shutdown to Stop Military Paychecks
Democrats in the Senate blocked spending proposals on Tuesday, missing the Wednesday morning deadline and raising the possibility of a government shutdown. This means that, similar to National Guard personnel, active-duty military members and essential civilians assigned by the Defense Department will have to keep working without pay until a resolution is reached. Civilians not […]
Trump’s shutdown spectacle will have negative consequences with voters
It’s quite ironic to witness the federal government in disarray, but not due to a crisis that remains unresolved. No, the chaos stems from our political landscape resembling a circus. Just earlier this month, a government shutdown seemed unavoidable. Yet, President Trump, in a rather dramatic gesture, tossed the key away when he shared an […]
Trump Administration Pushing Ahead With Oil And Gas Permits During Government Shutdown
Trump Administration to Process Oil and Gas Permits During Shutdowns The Trump administration intends to keep processing oil and gas permits considered “necessary” even during government shutdowns, as outlined in the Department of Interior’s (DOI) contingency plan. The DOI’s Emergency response plan states that oil, gas, and coal permitting will proceed “to the extent that […]
Earle-Sears attributes the impact of the Virginia shutdown to Spanberger’s lack of response.
As federal government closures started on Wednesday, Virginia’s Lt. Gov. Winsome Earle-Sears pointed fingers at her Democratic rivals, particularly former Rep. Abigail Spanberger and two state U.S. Senators, for the negative effects of these actions. On Thursday, Republicans expressed their frustration over Democratic attempts to mix controversial provisions into spending bills, including medical support for […]
Senate Democrats prevent GOP funding bill for the third time during federal shutdown
Neither party budged as government funding discussions once again fell flat shortly before a shutdown was set to occur. Just one day after the latest attempt failed, Senate Minority Leader Chuck Schumer and his Democratic colleagues blocked a Republican-crafted continuing resolution with a 53-45 vote. Senate Majority Leader John Thune intends to bring this same […]
EUR/USD stabilizes as poor ADP figures and potential US shutdown put pressure on the dollar
Traders are processing the disappointing US ADP report, while the euro remains steady around 1.1750. The looming threat of a US government shutdown is putting pressure on the dollar and creating uncertainty ahead of Friday’s NFP report. Attention will shift to the upcoming US S&P Global and ISM Manufacturing PMI data later on Wednesday. The […]
How will the federal shutdown affect education?
The longer the federal government shutdown lasts, the more challenging it becomes for local school districts, universities, and federal education departments to function effectively. Initially, many in the education sector have managed to cushion themselves against the worst effects of the shutdown, as funds were already set aside for summer and for October 1st. But […]
Trump to Pause $18 Billion NYC Projects Because of Democratic Shutdown
Trump Administration Halts NYC Infrastructure Projects On Wednesday, the Trump administration announced that infrastructure projects in New York City, which amount to $18 billion, will be paused due to the ongoing government shutdown instigated by the Democratic party. According to Russ Vought, the director of the Office of Management and Budget (OMB), “Around $18 billion […]
GBP/USD rises to a one-week peak as poor ADP data and a US government shutdown weaken the Dollar
GBP/USD is set to reach its highest weekly point since September 24th as the US dollar shows broad weakness. The latest ADP report indicates a decrease of 32,000 jobs in the private sector for September. The S&P Global Manufacturing PMI held steady at 52, while the ISM Manufacturing PMI edged up to 49.1, although it […]
Chuck Schumer is under pressure due to the government shutdown and healthcare issues.
Federal Shutdown Responsibility Heats Up The stakes are rising as the first federal shutdown in seven years looms. Late Tuesday night, neither President Donald Trump and the Republican majority in Congress nor Senate Democrats showed any sign of compromise. Political tensions are flaring, with both sides trading barbs in a high-stakes game ahead of next […]