Although the House of Representatives passed some bills late at night, the U.S. government may still shut down
Financial Industry2023-09-30 00:02:49
The possibility of a U.S. federal government shutdown this weekend remains high. Late Thursday local time, the House of Representatives passed three of the four bills submitted for a vote. A bill to continue funding government jobs is likely to come up for a vote on Friday, but it appears unlikely to pass given the differences between Republicans and Democrats on key issues.
While Thursday’s passage of the House bill suggests some agreement can be reached, it remains unclear how House Speaker McCarthy will get a minority of Republicans who want deep spending cuts to vote for more funding and avoid a government shutdown. McCarthy suggested new measures on border controls could help break the impasse. Goldman Sachs currently sees a 90% chance of a government shutdown and expects it to last three weeks.
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2023-09-29 16:02:49
