White House warns of government job losses if Democrats fail to avert shutdown
On Monday, White House Press Director Karoline Leavitt issued a warning about potential government layoffs unless Democrats act to avert a shutdown by Tuesday. This follows actions taken by President Trump’s Budget Office urging preparations for significant layoffs. When asked about possible layoffs due to a shutdown, Leavitt stated, “If Democrats don’t leave the government […]
Shutdown Basics: What closes, what remains open, and who suffers
The deadline for funding the government is approaching, and so far, lawmakers haven’t taken steps to prevent a partial shutdown. The Senate is set to reconvene in Washington, D.C. on Monday, and Congressional leaders will meet with President Donald Trump to discuss government funding. However, last week saw both sides more focused on blame than […]
Trump meets with congressional leaders today as a government shutdown approaches
Potential Government Shutdown Looms as Trump Meets Congressional Leaders President Donald Trump is scheduled to meet with top Congressional leaders at 2 PM on Monday, just ahead of a looming government shutdown set to begin at 12:01 AM on Wednesday. Despite this critical meeting, there’s a noticeable lack of optimism surrounding the discussions. Senate minority […]
Market update: Dow, S&P 500, Nasdaq futures rise as government shutdown looms
U.S. stock futures are facing the possibility of delaying the release of crucial monthly employment reports this week, as investors are concerned about a potential government shutdown. Futures for the Dow Jones Industrial Average rose by about 0.4%, while the S&P 500 saw an increase of 0.5%. Similarly, the Nasdaq 100 contract noted a rise […]
Concerns over government shutdown, stocks decline, the rise of dirty soda and more in Morning Squawk
This is CNBC’s morning newsletter. Here are five key points for investors to consider as trading begins: 1. Shutdown Showdown The Federal Government is set to shut down on Wednesday unless Congress reaches an agreement on funding. President Trump is expected to confer with top Congressional leaders today after cancelling a prior meeting with Democrats […]
New Zealand Dollar rises above 0.5750 amid increasing concerns of a US government shutdown
The NZD/USD pair is likely to gain traction around 0.5770 during the Asian session on Monday. Potential government shutdowns might weaken the US dollar. Analysts indicate the RBNZ is adopting a more dovish approach than anticipated. During early Asian trading on Monday, the NZD/USD pair is showing some positive momentum, hovering close to 0.5770. This […]
Silver Price Outlook: XAG/USD climbs to $47.00 as US Government shutdown approaches
Silver maintains its upward trend, influenced by the weakening US dollar, reaching a four-year peak at $47.00. Investor unease about a potential US government shutdown is further driving up demand for precious metals. XAG/USD is currently at an overbought level after climbing about 7% in just three days. On Monday, silver (XAG/USD) continues its ascent, […]
Pound Sterling strengthens against US Dollar due to concerns over federal government shutdown risks
Daily Brief: Pound Sterling Gains Against US Dollar Pound Sterling is approaching 1.3450 against the US dollar as concerns about a potential US government shutdown loom. Swati Dhingra, a member of the Bank of England’s Monetary Policy Committee, advocates for quick interest rate reductions due to a slowing job market in the UK. There’s noticeable […]
Democrats prepare for a shutdown to support discouraged voters
Democratic senators are increasingly considering a government shutdown as a necessary political move to send a message to President Trump, according to aides and strategists within the party. Frustrated with the current administration, these Democrats believe they need to take significant actions to push back against Trump and counteract the feelings of the voters. As […]
EUR/USD rises more due to concerns of a possible US government shutdown
The Euro is showing some strength around the 1.1725 mark, likely influenced by worries over potential government shutdowns in the US. President Trump is set to meet with Congressional leaders just a day before the deadline, hoping to avert a shutdown. From a technical standpoint, the currency pair has maintained a bearish trend since reaching […]