Home » today » World » The US authorities once more faces the chance of a scarcity of funding – 2024-06-18 03:19:38

The US authorities once more faces the chance of a scarcity of funding – 2024-06-18 03:19:38

/ world right now information/ If within the subsequent two weeks the US Congress doesn’t vote on the spending invoice by the tip of the month, this might result in a shutdown of presidency companies and may have a destructive impression on the economic system, in line with a report on the NBC tv channel.

Congress should agree on the invoice earlier than Sept. 30, or funding for presidency departments might be reduce and hundreds of thousands of federal workers won’t obtain their paychecks.

Mark Zandi, an economist at Moody’s Analytics stated, “a US authorities shutdown by the tip of the 12 months is sufficient to ship the nation into an financial recession.”

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