#GovernmentShutdown

[beauila-blog]

Speaker Johnson Threatens Government Shutdown to Advance Trump's Election Lies

As Congress reconvened this week in Washington, House Speaker Mike Johnson has made headlines with a controversial strategy that appears more focused on supporting Donald Trump than addressing the needs of the American people. Johnson, who represents Louisiana, has introduced a proposal that threatens to shut down the government in a bid to advance one of Trump’s most persistent falsehoods: that Democrats are using noncitizens to influence federal elections.

The proposal, which aims to extend government funding until March, includes a provision for the Safeguard American Voter Eligibility Act (SAVE). This bill requires proof of U.S. citizenship to register to vote in federal elections, a move many see as a thinly veiled attempt at voter suppression. The SAVE Act, while positioned as an election security measure, faces significant opposition and is unlikely to pass in the Democratic-controlled Senate.

Johnson's tactics have drawn criticism from both sides of the aisle. His plan is seen as a "poison pill" designed to fuel Trump's baseless claims about voter fraud, rather than focusing on substantive legislative work. The suggestion that Democrats rely on noncitizen votes is unsupported by facts and has been debunked repeatedly. Since the 1920s, it has been illegal for noncitizens to vote in federal elections, a fact reinforced by legislation signed by Bill Clinton in 1996.

Johnson’s actions have not only alienated some of his own Republican colleagues but have also raised concerns about a potential government shutdown. A shutdown could have serious economic repercussions, as evidenced by the last shutdown from December 2018 to January 2019, which cost the U.S. economy $11 billion.

Rep. Cory Mills, a Republican who co-sponsored the SAVE Act, has called Johnson’s maneuver a "farce," highlighting the impracticality of implementing the law before the upcoming election. Reports suggest that Johnson could only afford to lose a few Republicans on this issue, but dissent within his party is growing.

In response to the broader issue of congressional accountability, Rep. Angie Craig has reintroduced legislation that would withhold pay from members of Congress during a government shutdown. This proposal aims to address the lack of financial consequences that lawmakers face when they fail to perform their duties.

Despite the potential fallout, Johnson remains steadfast in his commitment to support Trump’s narrative. His recent statements reflect a disregard for the negative impacts a shutdown could have on federal employees and the economy. Johnson’s focus appears to be solely on fulfilling Trump’s demands, even as his approach jeopardizes the functioning of the government and the welfare of its employees.

As the September 30 deadline approaches, the stakes are high, and the political landscape remains fraught with tension. Johnson’s efforts to tie government funding to the SAVE Act underscore a broader struggle between partisan interests and effective governance.

[usnewsper-politics]

Government Shutdown Looms Over Border Security: Will America's Safety Be Compromised? #bordersecurity #governmentshutdown

[usnewsper-business]

The Impact of the Government Shutdown on the Economy and Markets #Governmentshutdown2018 #Governmentshutdowneffects #Governmentshutdownnews #Governmentshutdown #USgovernmentshutdown

[newslynet]

Congress Nears Temporary Deal to Avert Government Shutdown

Lawmakers are in the process of formulating a temporary bill to keep the government’s operations running until March, aiming to prevent a partial shutdown looming this week.

Funding Deadline and Expiry

Funding for key areas, including agriculture, energy and water, military construction and veterans affairs, transportation and housing programs, is set to expire on **Jan. 19**. The remaining government funding faces expiration on **Feb. 2**. Stopgap Measure Details The proposed stopgap measure, expected to be unveiled by congressional leaders on Sunday, would extend funding until **March 1** for the agencies at risk of being affected this week. This deal would provide lawmakers with an extension until **March 8** to allocate funds for other agencies and services, as reported by various sources.

Political Dynamics and Pressures

The anticipated agreement arises amid significant pressure on House Speaker Mike Johnson, R-La., particularly from the right flank of House Republicans. This pressure intensified after Johnson, alongside Senate Majority Leader Chuck Schumer, D-N.Y., announced a spending deal last week, calling for a spending package aligned with the debt ceiling deal reached by former Speaker Kevin McCarthy, R-Calif., and President Joe Biden, totaling around $1.66 trillion. Despite criticism and calls for deeper spending cuts, Johnson affirmed on Friday that he is not withdrawing from the deal. This controversy follows a few conservative House Republicans' attempt last year to remove McCarthy from the speakership as he collaborated with Democrats to avert a government shutdown. Potential Challenges and Vote Ultraconservative lawmakers may pose a challenge by attempting to disrupt a vote on the impending temporary measure, known as a continuing resolution, expected to be announced on Sunday. Both the House and Senate must pass this deal before Friday at midnight to avoid a government shutdown.

Implications of Government Shutdown

A government shutdown would entail the cessation of work and closure of all officials and federal agencies deemed “non-essential.” Thousands of federal employees could face furloughs. While "essential" federal workers, such as air traffic controllers and emergency personnel in national parks, would continue to work without pay, they would receive back pay once the shutdown concludes. However, subcontractors for the government may be left without work and would not receive back pay. Impacts of a shutdown extend to Americans beyond the federal government workforce. Delays in some food assistance benefits and potential pauses in certain food safety inspections are among the potential consequences. Read the full article

[remitanalyst]

In a remarkable turn of events, Congress narrowly avoided a government shutdown by passing a stopgap funding bill. This bill ensures the continued operation of the federal government until mid-November. Following Senate approval, President Biden swiftly signed the bill into law, securing the functioning of government agencies and allocating critical funds for disaster recovery efforts. Notably, the bill did not include funding for Ukraine, a matter of international concern. Nevertheless, House Democrats rallied behind the bill as a pragmatic solution to prevent a disruptive government shutdown.

Key Points:

Congress successfully averted a government shutdown by passing a temporary funding bill, maintaining government operations until mid-November.

Bipartisan cooperation between House Democrats and Republicans was pivotal in passing the bill, which also avoided funding for Ukraine. USCIS, primarily funded by filing fees, would have continued core operations during a government shutdown, but programs relying on appropriated funds would have been affected.

Challenges and debates lie ahead concerning Ukraine funding, as the bill's failure to allocate funds reflects shifting Republican support.

Economic impacts and public perception are significant concerns during government shutdowns, with Americans often holding both parties responsible.

The House is voting on a 45-day shutdown avoidance bill, emphasizing the importance of cooperation in

[undergroundusa]

😲🤬 Oh gee…really? A far-Left neo-fascist Democrat getting on television to blame Republicans for facilitating a government shutdown? Who would have thought?! 

Of course, at no time in contemporary history has any Democrat – centrist or extremist – admitted that it is their spendthrift policies that routinely exhaust the federal budget. Another shocker!

[omanxl1]

Kool and The Gang– Emergency (Extended Remix)

Digital Crate Digging Continues, check us out as we proceed and continue with this O-Dog Day Party! The saga  / struggle continues as life goes on as the toil and strife goes on, influenced by Full Moon in Aries energy? The saga  / struggle continues per continuing resolutions passed by the House of Representatives to prevent a government shutdown! Politics aka politricks is what one kicks…

[osintelligence]

https://bit.ly/48tkp87 - 🌐 The Cybersecurity and Infrastructure Security Agency (CISA) is on the brink of furloughing more than 80% of its workforce amidst potential government shutdown, thereby reducing the lead U.S. cyber agency to a minimal staff. This limitation would handicap its ability to respond promptly to cyberattacks on federal agencies and critical infrastructure networks. #CyberSecurity #CISAFurlough 🏛 Despite the looming shutdown, most other Department of Homeland Security employees will continue working, contrasting sharply with the major furlough in CISA. Concerns are high, as the country hasn't thoroughly evaluated the implications of having the chief cyber agency operating at a significantly reduced capacity amidst escalating cyber incidents. #GovernmentShutdown #DHS 🛡 While critical staff within CISA will remain operational, the agency’s broad array of collaboration work and engagements with industry and sector leadership will likely be halted. This pause in operations, although ensuring continued basic security operations, would put proactive cybersecurity efforts on a back burner, leaving the nation more vulnerable to cyber threats. #CyberThreat #NationalSecurity 🚨 In emergencies, agencies can call back personnel, but the shutdown puts CISA and the broader federal government in a precarious position, potentially delaying response to significant cyber incidents. The situation underscores the importance of reevaluating workforce categorizations based on CISA’s growing responsibilities in the national cybersecurity landscape. #EmergencyResponse #CyberIncident 📈 Despite these challenges, CISA, one of the youngest federal agencies, has shown remarkable growth over the recent years, hiring nearly 1,400 people. The agency's ability to attract technical talent, however, may be at risk as potential shutdowns undermine the stability and appeal of government jobs.

[usnewsper-politics]

New Plan to Avoid Government Shutdowns and Fund Border Security: What You Need to Know! #bordersecurityfunding #governmentshutdown

[robinlynnemabin]

Black people will be harmed by a 'Government Shutdown' by Stupid, Incompetent Republicans and Weak, Kevin McCarthy - TheAHNShow with Michael Imhotep 9-24-23 and Michael Imhotep on 'Roland Martin Unfiltered' 9-22-23   African Americans make up 18% of the Federal Workforce and many could end up having to work without pay or be furloughed until the Government Shutdown is over. In only a few days, the U.S. government is set to shut down (Oct. 1st), unleashing real and wide-ranging financial hardship on American families, workers and businesses. The lapse in funding would mark a fundamental breakdown in an ever-divided, intransigent Washington, where Republicans’ demands this year have prevented Congress — time and again — from easily fulfilling its most basic fiscal responsibilities.   REGISTER & WATCH NOW: Next Class Starts Sat. 9-30-23, 2:00pm EST ‘Ancient Kemet, Moors, Understanding The Trans-Atlantic Slave Trade’ 12 Week Online Course. https://theafricanhistorynetwork.com/

[delhi-school-of-business]

The U.S. Debt Ceiling and Its Global Implications

Every country’s financial structure houses various integral concepts that dictate its economic narrative. One such pivotal yet complex concept is the ‘debt ceiling.’ Frequently appearing in U.S. financial news, the term ‘debt ceiling’ refers to the maximum limit set by Congress on the amount of national debt that the U.S. government can accrue to meet its financial obligations. The term ‘ceiling’ signifies a limit beyond which the national debt cannot extend. 

What is the Debt Ceiling

The debt ceiling functions as a regulatory limit on the amount of national debt the U.S. Treasury can accrue to pay for the expenditures that Congress has already approved. It acts as a checkpoint to monitor and control government spending. 

Over the past century, the debt ceiling has been raised or suspended multiple times, each change reflecting the evolving realities and necessities of government spending and borrowing. It’s an interesting dance between policy, spending, and repayment, and an essential cog in the wheel of U.S. financial mechanisms.

Why is the U.S. in Debt and Unable to Repay It?

Over the years, the U.S. has built up a colossal national debt, a daunting figure that’s largely the outcome of varied factors such as heavy government spending, enduring economic crises like the 2008 financial meltdown, the COVID-19 pandemic, and certain tax policies that have influenced the debt scenario.

The complex challenge of repaying this debt is deeply intertwined with the global economic structure’s complexities. While it’s easy to assume that the trade deficit, characterized by a higher import volume than export, contributes to the debt, it doesn’t directly add to the national debt. However, it does play a role in influencing the overall economic health of the nation and indirectly impacts the debt situation.

But, what are the reasons that the U.S. has hit the debt ceiling and is not able to overcome it?

Government Spending: The U.S. government spends substantially on various programs such as defence, healthcare, social security, and interest payments on the national debt. This spending often exceeds the government’s revenues, resulting in a deficit that adds to the national debt.

Economic Crises: Economic downturns often necessitate increased government spending to stimulate the economy and provide relief.

Tax Policies: Tax policies also play a role in the debt scenario. Tax cuts, while potentially stimulating economic growth, can decrease government revenue, thus increasing the deficit if not accompanied by corresponding reductions in government spending.

Interest Payments: As the national debt grows, so does the interest the government must pay on that debt. These interest payments can become a significant part of the budget, leaving less room for other spending priorities and creating a cycle that can cause the debt to grow even further.

Managing and repaying the U.S. debt is a complex issue that involves a careful balance of government spending and revenue, fiscal policy decisions, and managing the country’s economy in the context of a global economic system.

The Size and Scope of U.S. Debt

As of 2023, the U.S. national debt stands at a staggering $31.4 trillion, earning the country the status of being the world’s largest debtor.

Where Does the U.S. Borrow From?

The United States acquires debt by issuing Treasury securities like Treasury bonds, notes, and bills. These financial instruments are bought by a wide array of investors, including individuals, corporations, and foreign governments.

Who Are Its Biggest Lenders?

The U.S.’s most substantial debt holders on the international front are Japan and China. Other countries, including the United Kingdom, Brazil, and Ireland, also hold significant portions of U.S. debt. The United States owes Japan approximately $1.28 trillion, while China holds around $1.06 trillion of U.S. debt. The amounts owed to other lenders vary, typically falling into the range of billions of dollars.

Consequences of Hitting the Debt Ceiling

The U.S. hitting its debt ceiling can have significant global implications due to the interconnectedness of today’s global economy. 

Here are some potential global consequences:

Impact on Global Markets: The U.S. Treasury market is the largest and most liquid bond market in the world. If the U.S. defaults on its debt obligations, it could cause widespread volatility in global markets. Investors, both domestic and foreign, might start doubting the creditworthiness of the U.S., causing a sell-off of U.S. Treasury securities that could disrupt financial markets worldwide.

Currency Fluctuations: The U.S. dollar is the world’s primary reserve currency, meaning many countries hold it in large quantities to carry out international trade. A U.S. debt default could weaken the dollar, leading to currency fluctuations and economic instability globally.

Global Economic Slowdown: The U.S. economy plays a vital role in driving global growth. Any economic disruption in the U.S., like a recession triggered by a debt default, could have a domino effect on the world economy, potentially leading to a global economic slowdown or recession.

Impact on Foreign Debt Holders: Countries like China and Japan, which hold significant amounts of U.S. debt, could face losses if the U.S. were to default. This could impact their economic stability.

Reduced Confidence in Global Financial System: The U.S. is seen as a global economic leader, and its debt is considered one of the safest investments. A debt default could shake confidence in the global financial system, leading to economic uncertainty and reduced investment.

Potential for Increased Borrowing Costs: If a U.S. default leads to a downgrade in its credit rating, borrowing costs for the U.S. could increase, which could then impact borrowing costs globally. This could make it more expensive for governments, businesses, and individuals worldwide to borrow money.

Here are some potential individual consequences:

In short, the U.S. hitting its debt ceiling and potentially defaulting on its debt repayments could have serious, far-reaching consequences for the global economy. It highlights the need for prudent fiscal policy not only for the U.S. but for economies around the globe. But, what will the citizens of the U.S. face because of hitting its debt ceiling?

The wrangling over the debt ceiling can create economic uncertainty, negatively impacting consumer and business confidence. This can lead to reduced business investments, job cuts, and slower economic growth. 

The government might have to make tough choices about which bills to pay. This could put programs like Social Security, Medicare, and military pensions at risk, directly affecting the citizens dependent on these programs. 

The uncertainty and the potential for increased government borrowing costs can trickle down to the public in the form of higher interest rates for mortgages, auto loans, student loans, and credit cards. 

The debate and uncertainty surrounding the debt ceiling often lead to stock market volatility. This can affect the retirement savings and investment portfolios of everyday Americans.

The Domino Effect: Recession and Layoffs

The repercussions of the U.S. hitting its debt ceiling can go far beyond its own borders, owing to the country’s significant role in the global economy. A notable concern is the potential for a worldwide economic recession and the dreaded consequence – mass layoffs.

As the keystone of global markets, the U.S. economy’s health directly influences financial currents worldwide.

Imagine this: the U.S., unable to lift its debt ceiling, defaults on its debt. This scenario would unsettle financial markets and could seriously undermine investors’ confidence. The ensuing decline in investments can ripple through economies, leading businesses to scale back or shut down, manifesting the dire reality of layoffs.

A U.S. default could also send shockwaves through economies heavily reliant on exporting to the U.S. A debt default could trigger a contraction in the U.S. economy, causing a slump in demand for imports. As a result, these export-dependent economies may see their growth slow down, potentially leading to job cuts in various sectors.

A U.S. debt default could create a ripple effect in global interest rates. As investors’ confidence shakes, they may demand higher returns to compensate for the increased risk, causing a surge in global interest rates. This increase in borrowing costs can hurt businesses and households, leading to a decline in spending, further slowing economic growth, and potentially driving more layoffs.

How Will the U.S. Recover from This Debt?

Recovering from such an overwhelming amount of debt is a long-term and complex process. It requires the implementation of severe cost-cutting measures, comprehensive tax reforms, and strategies to stimulate economic growth.

An integral part of this process is maintaining fiscal discipline to prevent uncontrolled debt accumulation. However, these measures must be carefully balanced to ensure that they don’t hinder economic growth or place an unfair burden on the nation’s citizens.

Read more at: https://dsb.edu.in/the-us-debt-ceiling-and-its-global-implications/?utm_source=tumblr&utm_medium=tumblr&utm_campaign=tumblr+us+debt

[usnewsper-business]

The Impact of the Government Shutdown on the Economy and Markets #Governmentshutdown2018 #Governmentshutdowneffects #Governmentshutdownnews #Governmentshutdown #USgovernmentshutdown

[theeducatedtroll]

Government Shutdowns, Government Spending, and Student Loans, Oh My!

Let me get this straight:

The House cannot agree on a spending bill partially because some members demand a cut on government spending, and they're willing to allow a government shutdown to happen if they don't get their way. Government shutdowns cost taxpayers money (according to some sources, the last one cost over $3 billion). A government shutdown is an unnecessary expense. It seems counterintuitive to threaten the expense of a government shutdown in order to demand reduced discretionary spending.

If the government shuts down, non-essential federal employees are furloughed, but they will receive backpay once the government is funded again. This means furloughed employees will eventually get paid for time they didn't/couldn't work. Federal employees absolutely deserve backpay for the inability of Congress to agree on spending, but time is money. If the government gets funded, work gets done, and employees get paid for said work. If the government shuts down, work doesn't get done, but employees will still eventually get paid. The inability of Congress to fund the government on time (or pass a continuing resolution) causes the government to spend money on wasted time.

It just so happens that the day the government might shut down is also the day student loan payments resume. Wasn't it Congress who pushed to restart student loan payments in October? Planning it for the start of the government fiscal year is a disaster waiting to happen. Some student loan borrowers are federal employees. If the inability of Congress to agree on spending causes the government to shut down, federal employees with student loans won't get paid for the duration of the shutdown. Not everyone has savings built up, especially those federal employees who are new to the workforce. On top of that, student loan servicers are understaffed and not fully prepared for the restart of loan payments, and a government shutdown will temporarily diminish the number of employees who work with the federal student loan program.

This is a stressful time for federal employees, especially those who have student loans.

[biglisbonnews]

Internet shutdowns cost Ethiopia $146 million in 2022 The war in Ethiopia’s Tigray region has not only caused the loss of lives and mass displacement but also loss of millions of dollars in revenue by businesses due to another full year of total internet shutdown.Read more... https://qz.com/ethiopia-lost-146-million-due-to-internet-blackouts-1849978475

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