Government Shutdown Looms as House of Representatives Fails to Pass Funding Bill

Government Shutdown Looms as House of Representatives Fails to Pass Funding Bill

The House of Representatives went into recess on Thursday, likely preventing a bill to fund the federal government from passing before the end of the month deadline. House Republican leaders including Speaker McCarthy are struggling to unite their caucus around a short-term funding bill to avoid a government shutdown. Republicans want broad budget cuts and policy provisions like on border security, while Democrats support levels agreed last summer and money for Ukraine aid. Investors are concerned that a shutdown could reduce economic growth and undermine confidence in the U.S. government's functioning ability.


User: Benzinga

Views: 5

Uploaded: 2023-09-22

Duration: 00:35

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