Multiple partisan divides in Congress could reach a head in December, culminating in what could potentially result in a government shutdown. The debate centers around myriad issues, but the main ones that are likely to prove the biggest sticking points involve the border wall, the Affordable Care Act (Obamacare) subsidies, disaster relief spending, and agency (more…)
Puerto Rico Running Out of Money by End of This Month Could there be a Puerto Rico government shutdown? Puerto Rico’s financial crisis has gravely worsened after Hurricane Maria. Its Secretary of Treasury is now warning that America’s commonwealth state is on the verge of a government shutdown. Treasury Secretary of Puerto Rico, Raul Maldonado, has revealed (more…)
Report: Default and Government Shutdown Would Be Calamitous for U.S. Economy Standard & Poor’s warned that if the U.S. either defaults or shuts down the government, the consequences will be dire for the American economy, claiming that a default would result in a worse situation than the economic collapse and Great Recession of 2008.
President Trump has promised billions to help Texas rebuild after Hurricane Harvey caused flooding of Biblical proportions. House Republicans, on the other hand, are looking at slashing almost $1.0 billion from disaster accounts to help build Trump’s promised border wall with Mexico.
U.S. Government Shutdown Seeming “More Likely Than Not” Political pundits are seeing a U.S. government shutdown in the cards as U.S. policymakers approach two major deadlines in the coming weeks.
Trump Sticking to Promise to Build Mexican Border Wall President Donald Trump has just reiterated that he will be building “The Wall,” regardless of how far he has to go to fulfill that promise. Speaking at a campaign-style rally in Phoenix, Arizona this week, Trump said that, despite opposition from the Democratic Party, he will (more…)
Analysts at Goldman Sachs Group Inc (NYSE:GS) are seeing a 50% probability of a brief government shutdown in the coming days.
Maine, New Jersey, and Chicago Are Among the States Facing Dire Budget Futures Republicans and Democrats face off in state budget legislatures across the country, forcing two partial state government shutdowns over the weekend in New Jersey and Maine.
The Illinois State Lottery has warned of payout delays and has suspended the sales of “Powerball” and “Mega Millions” tickets in the midst of a budget crisis.
Healthcare professionals in the state of Illinois are owed millions of dollars in compensation from the government as the state faces a budget impasse.