President Donald Trump urged lawmakers to redirect healthcare funds “directly to the people” instead of insurance companies, proposing the move as a potential compromise to end the prolonged U.S. government shutdown.
President Donald Trump urged Democrats to “open up the country” as the prolonged government shutdown threatens to cut food aid for millions and furlough hundreds of thousands of federal workers.
The National Nuclear Security Administration began furloughing 1,400 staff amid the U.S. government shutdown, raising concerns over nuclear safety, while President Trump pressures Democrats to reopen the government.
A US federal judge blocked President Donald Trump’s administration from firing over 4,000 workers during the ongoing shutdown, calling the layoffs politically motivated and “a human cost that cannot be tolerated.”
Political leaders in Washington are using the looming government shutdown to shape narratives ahead of the 2026 elections, with Democrats focusing on healthcare and Republicans highlighting immigration in targeted ad campaigns.
The White House warned that the Democrat-led government shutdown has left 1.3 million U.S. service members unpaid, forcing military families to seek food assistance and threatening wider economic and security consequences.
A new Washington Post poll shows more faulting Trump and Republicans than Democrats.
As the U.S. government shutdown enters day two, President Donald Trump is reportedly preparing to fire federal workers and target agencies that “don’t align” with his policies or priorities.
President Trump reverses course, embracing Project 2025 blueprint he previously criticised, meeting budget chief Russ Vought to cut Democratic agencies and federal workforce. Democrats had highlighted the plan during 2024 campaign.
House Speaker Mike Johnson had insisted Congress would “meet our obligations” and not allow federal operations to shutter ahead of the Christmas holiday season.
President-elect Donald Trump rejected a bipartisan plan to prevent a government shutdown, sending Congress into disarray just days before the deadline for federal funding. Trump demanded that House Speaker Mike Johnson and Republicans renegotiate the plan, urging them to be "smart and tough." The proposal included continued government funding along with a controversial provision to raise the national debt limit, which had been rejected by many Republicans in the past. Democrats condemned the GOP’s opposition, especially as the plan included vital disaster aid worth $100.4 billion for states affected by natural calamities. Despite these provisions, hard-right conservatives, influenced by Trump’s ally Elon Musk, rejected the plan due to its increased spending. Lawmakers were further displeased by pay raises included in the bill. The situation highlighted the difficulties Republicans face in unifying, especially as they prepare to take control of the House, Senate, and White House in 2024.
Congress narrowly averted a government shutdown by passing legislation to fund federal agencies until Nov. 17.
The Senate on Wednesday overwhelmingly approved legislation that would avoid a government shutdown.
Until the Fed sees a longer term budget agreement at least going up for the rest of the year, the Fed is not going to taper and it is going to take a couple of months in 2014.
The loss of government services during the three-week shutdown will take a roughly USD 3.1 billion bite out of gross domestic product, according to economists at IHS Global Insight. The shutdown also forced non-government business losses, temporary layoffs and other interruptions in business spending.
The Federal Reserve will likely defer any decision to trim its massive bond buys until at least December. Economists said the tapering could be delayed until early 2014 as the US recovers from the impact of the government shutdown.
Emerging markets will continue to do well considering there are five more months of stimulus push before the Fed can consider tapering. Though, according to Nick Parsons, head of research, UK & Europe, National Australia Bank, the fears of emerging markets getting hit if and when the Fed starts tapering is overdone.
Obama invited all House Republican members, but House Speaker John Boehner limited the group to party leaders and prominent committee chairs, lessening the exposure of Obama both to Republicans who might dissent from the leadership's hardline strategy and to rank-and-file Tea Party members who inspired it.
Richard Ross, global technical analyst at Auerbach Grayson, says his specialty is prices and not politics. Right now the way prices are moving, it seems investors are willing to look past fears of government shutdown and debt default.
Arnab Das, managing director of market research and strategy, Roubini Global Economics feels the dysfunction in Washington is so great that there is quite a good chance of a government shutdown and some scathing remarks around the debt ceiling.