The US government has less than 48 hours to avert a shutdown of government services amid political divisions over President Obama’s healthcare law.
On Sunday, the Republican-run House of Representatives voted to pull the law’s funding, raising chances of a shutdown.
The government needs to agree a new policy-wide spending bill before the US fiscal year ends at midnight on Monday.
If it fails, non-essential federal services face closure, with employees sidelined or left working without pay.
Early on Sunday, the House passed an amended version of the Senate spending bill that removed funding from the healthcare law.
US Senate Majority leader Harry Reid has vowed that his Democrat-led chamber will reject the Republican bill.
via BBC
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.
Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Latest posts by Alfonso Esparza (see all)
- Market Rally Still Going Low Holiday Volumes Awaiting Start of 2020 - 27 December 2019
- Market Awaits China Retaliation on Trade - 29 November 2019
- Alibaba to Close Order Book Ahead of Huge IPO - 18 November 2019