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Biden Calls In Budget Big Guns: But What Happens If Government Shutdown Can't Be Avoided?
Monday, February 26, 2024 - 2:15pm | 816As the U.S. government again faces a partial shutdown, President Joe Biden is calling on Congress to approve $1.6 trillion in funding for federal agencies by Friday. Leaders from both the House and the Senate are being asked to finalize details of 12 funding bills to finance the operations of...
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Stocks, Bonds Shaken By September Turbulence Ahead Of Government Shutdown Deadline: The Week In The Markets
Friday, September 29, 2023 - 4:13pm | 1012The U.S. stock market has weathered its toughest month of the year, with September adhering to its typical negative seasonality in terms of risk sentiment. Both the SPDR S&P 500 ETF Trust (NYSE:SPY) and the Nasdaq-related Invesco QQQ Trust (NASDAQ:QQQ) closed 5% lower this month. Bonds Sell...
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Market Turbulence Deepens As Last-Minute Bid To Avoid Shutdown Fails: S&P 500 Faces Worst Month In 2023
Friday, September 29, 2023 - 4:03pm | 584The stock market took a hit on Friday as hard-line conservatives derailed House Speaker Kevin McCarthy‘s last-ditch effort to pass legislation aimed at averting a government shutdown. The SPDR S&P 500 ETF Trust (NYSE:SPY) declined by 0.2%, extending monthly drops to 5%, with September...
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US Government Shutdown Risks Data Blackout, Putting Powell In The Dark: 5 Key Alternatives For Investors
Thursday, September 28, 2023 - 12:37pm | 899The threat of a U.S. government shutdown casts a formidable cloud over the eagerly awaited release of critical economic data. The political deadlock over government funding carries the potential to immerse investors, Fed watchers, and policymakers into an unsettling period. A data blackout injects...
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Who's To Blame If Washington Shuts Down—Republicans, Democrats Or Biden?
Wednesday, September 27, 2023 - 10:45am | 572A deadline to avoid a government shutdown over funding bills in Congress is nearing, and many portions of the U.S. economy could be impacted. Here’s a look at who Americans are ready to place the blame on if a government shutdown occurs. What Happens: A Sept. 30 deadline for government...
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Moderate Republicans Consider Teaming Up With Democrats To Prevent Government Shutdown: 'We're Going To Do Whatever It Takes'
Tuesday, September 26, 2023 - 5:20am | 527A group of moderate Republicans are considering joining Democrats to prevent a government shutdown after Sep. 30, The Hill reported. At least three Republican representatives, Rep. Mike Lawler (R-N.Y.), Rep. Don Bacon (R-Neb.) and Rep. Brian Fitzpatrick (R-Pa.), are open to signing a discharge...
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Matt Gaetz Says Ready For Short-Term US Government Shutdown Amid Budget Disputes: 'Better Than Continuing On Current Path'
Monday, September 25, 2023 - 7:03am | 574GOP Rep. Matt Gaetz, has expressed readiness for a brief U.S. government shutdown in order to push for conservative border policies in the federal budget, Bloomberg reported. According to Gaetz stated on Fox News’s Sunday Morning Futures while shutting down certain departments for a...
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Biden Sounds Alarm Amid Looming Government Shutdown At Congressional Black Caucus Dinner: 'America Could Be Forced To Pay The Price'
Monday, September 25, 2023 - 3:12am | 467With a potential government shutdown looming, President Joe Biden expressed serious concerns at a dinner event, while also advocating for his second term alongside Vice President Kamala Harris, CBS News reported. Biden warned of the consequences if Republicans in Congress...
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GOP Rep. Ronny Jackson Says Threat To Kevin McCarthy's Speakership 'Inevitable' If People's Concerns Sidelined For Preventing Government Shutdown
Wednesday, August 23, 2023 - 12:22am | 495Rep. Kevin McCarthy‘s (R-Calif.) speakership has been warned of a potential threat by Rep. Ronny Jackson (R-Texas) unless conservative demands are duly met. What Happened: Jackson on Steve Bannon's "War Room" highlighted an imminent risk to McCarthy’s speakership, saying his...