Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,163,870 members, 7,855,563 topics. Date: Monday, 10 June 2024 at 04:52 AM

World Holds Breath As US Government Shutdown Imminent - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / World Holds Breath As US Government Shutdown Imminent (541 Views)

South East Youths: "We’ll Shutdown Nigeria if Anything Ugly Happens to Buhari" / FG Raises Alarm Over Dwindling Electricity Supply, Power Plants Shutdown / Nation Holds Its Breath As Nigerians Prepare To Cast Votes In Tight Polls (2) (3) (4)

(1) (Reply)

World Holds Breath As US Government Shutdown Imminent by Realdeals(m): 3:23pm On Sep 30, 2013
WASHINGTON (AFP) – Hundreds of thousands of US government workers came to work Monday without knowing whether they will be needed on Tuesday, as federal agencies faced a devastating shutdown.

Lawmakers in the bitterly divided Congress had only a few hours left to pass a stopgap budget measure and to beat the midnight deadline, but there was little sign of compromise.

President Barack Obama has warned that a freeze in non-essential federal spending could have catastrophic effects on the shaky economic recovery, and cost thousands of jobs.

But Congressional leaders have been unable to wrangle a compromise from feuding clans of lawmakers, arguing instead over who takes the blame for the first shutdown in 17 years.

If the deadline expires without a deal the failure will have a global impact. Oil prices slid and European and Asian shares fell, amid fears for the world’s largest economy.

And, at a more domestic level, as the Washington day began staff at federal agencies were warned that their children would not be able to attend government daycare centers on Tuesday.

Some members of Congress tried to put a brave face on the impasse with 15 hours left to thrash out an improbable compromise between the Republican-led House and Democratic Senate.

But most observers agreed the moves were dead in the water from the moment Republicans linked budget legislation to a bid to thwart Obama’s health care law.

After the Senate passed a straightforward spending bill on Friday, the House countered by attaching amendments seeking a one-year delay to Obamacare and the repeal of a medical device tax which helps fund the law.

Democratic Senate Majority Leader Harry Reid, who refused to call the chamber into session over the weekend despite the looming deadline, warned that this would not stand.

“The Senate will do exactly what we said we would do and reject these measures,” Reid spokesman Adam Jentleson said.

“At that point, Republicans will be faced with the same choice they have always faced: put the Senate’s clean funding bill on the floor and let it pass with bipartisan votes, or force a Republican government shutdown.”

As lawmakers traded blame, the Democratic leadership sounded resigned about a pending shutdown.

Asked if he believed government would shutter on Tuesday, Reid’s number two Senator Dick Durbin said: “I’m afraid I do.”

Republican House Speaker John Boehner has been under intense pressure from a small band of conservative diehards who forced the party to double down on their anti-Obamacare strategy.

With polls showing most voters would blame a shutdown on the Republicans rather than Obama, Reid insisted: “The American people will not be extorted by Tea Party anarchists.”

But Boehner branded the brinksmanship “an act of breathtaking arrogance by the Senate Democratic leadership.”

Some Asian markets fell sharply, and Europe followed suit, albeit in part because of fears for the political crisis in Italy.

Oil prices were also down, and analysts said traders were following the situation in the United States closely.

“Things are far from the ‘panic stage’, but they don’t have to be for investors to be spooked by the apparent intractability of the US political deadlock,” said Tachibana Securities market analyst Kenichi Hirano.

US and foreign investors fear a shutdown will create a poisonous environment ahead of mid-October talks to increase the amount of money the country is authorized to borrow.

If the debt ceiling is not raised, Washington could run out of cash and default on its loan payments, and Republicans have already warned they will make this their next battlefield.

http://www.vanguardngr.com/2013/09/world-holds-breath-us-government-shutdown-imminent/
Re: World Holds Breath As US Government Shutdown Imminent by Symphony007: 3:43pm On Sep 30, 2013
The republican are stupid to think obama will delay his healthcare law or repeal it. John boehner and do all this grandstanding for his tea party folks, or he can pass a clean bill in the house and save his gun poweder for the debth celling war which promises to be bloodier.
Re: World Holds Breath As US Government Shutdown Imminent by Nobody: 3:51pm On Sep 30, 2013
Symphony007: The republican are stupid to think obama will delay his healthcare law or repeal it. John boehner and do all this grandstanding for his tea party folks, or he can pass a clean bill in the house and save his gun poweder for the debth celling war which promises to be bloodier.
Republicans are like terrorists and hostage takers. You can't negotiate with someone who straps bomb to his chest. Republicans led by the douchebag called Ted Cruz are going to lose this fight. What is wrong with passing a clean CR bill? When Republicans are fighting against something, that thing must be good for the poor.

(1) (Reply)

53 Reasons Why Nigeria Is Not There Yet By Igbinoba .o. Tony / Insurgents Use Cows, Camels To Import Arms –military / Sen.bukola Saraki Interview By Leadershipnga

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 13
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.