Trump, government shutdown
Digest more
A possible federal government shutdown is only days away as congressional lawmakers remain at odds over funding the government beyond September 30.
Nonessential federal operations would cease at midnight Tuesday if Congress fails to pass legislation to keep the government functioning.
WASHINGTON -- The threat of a government shutdown has become a recurring event in Washington, though most of the time lawmakers and the president are able to head it off. This time, however, prospects for a last-minute compromise look rather bleak.
President Donald Trump has scheduled a Monday meeting with House Speaker Mike Johnson and Senate leaders, including Democrats, to discuss averting a government shutdown.
The dollar was on the defensive on Monday ahead of a slew of U.S. economic releases that could provide further clarity on the Federal Reserve's rate path, while the growing risk of a government shutdown there also came into sharp focus.
Lawmakers must pass a funding bill by the end of September, or the government will shut down. Republicans and Democrats are at an impasse.
The Trump administration came into office challenging Congress’ funding power by freezing spending, pushed for mid-year cuts that were greenlit by Republican lawmakers and argued the executive branch has more power to stop funds from going out the door at the end of the fiscal year.
S.D., accused Senate Minority Leader Chuck Schumer, D-N.Y., of hypocrisy for opposing government funding after supporting it earlier this year.
Vice President J.D. Vance commented on the negotiations over government funding on Capitol Hill during an interview this morning on "FOX News Sunday." VICE PRESIDENT J.D. VANCE: We don't want to shut down the gobernment,
Trump could use a shutdown to dismantle government functions, wrote Max Stier, chief executive of the Partnership for Public Service, a nonprofit focused on improving the federal government.