The Fort Worth Press - Time ticking on US deadline to avert shutdown

USD -
AED 3.673026
AFN 68.336223
ALL 92.952742
AMD 389.056023
ANG 1.802401
AOA 910.981976
ARS 1002.688098
AUD 1.541568
AWG 1.794475
AZN 1.700971
BAM 1.853189
BBD 2.019292
BDT 119.512588
BGN 1.852902
BHD 0.376887
BIF 2953.87356
BMD 1
BND 1.343124
BOB 6.925599
BRL 5.773401
BSD 1.000123
BTN 84.370011
BWP 13.662442
BYN 3.272881
BYR 19600
BZD 2.0159
CAD 1.401355
CDF 2869.999963
CHF 0.884045
CLF 0.035237
CLP 972.340119
CNY 7.246905
CNH 7.252095
COP 4406.8
CRC 507.878753
CUC 1
CUP 26.5
CVE 104.480935
CZK 24.033997
DJF 178.090888
DKK 7.08437
DOP 60.320077
DZD 133.716126
EGP 49.729565
ERN 15
ETB 124.691764
EUR 0.949725
FJD 2.27385
FKP 0.789317
GBP 0.790485
GEL 2.744987
GGP 0.789317
GHS 15.876099
GIP 0.789317
GMD 70.503222
GNF 8620.836689
GTQ 7.720515
GYD 209.236659
HKD 7.78375
HNL 25.272653
HRK 7.133259
HTG 131.375726
HUF 389.190372
IDR 15906.9
ILS 3.737105
IMP 0.789317
INR 84.36535
IQD 1310.061874
IRR 42105.000262
ISK 138.190322
JEP 0.789317
JMD 158.522603
JOD 0.7093
JPY 155.183015
KES 129.509763
KGS 86.496537
KHR 4035.532394
KMF 464.77502
KPW 899.999621
KRW 1398.794948
KWD 0.30759
KYD 0.833448
KZT 496.799716
LAK 21960.278957
LBP 89568.10946
LKR 290.969044
LRD 181.016226
LSL 18.139326
LTL 2.95274
LVL 0.604889
LYD 4.879805
MAD 9.990998
MDL 18.201113
MGA 4681.814736
MKD 58.439955
MMK 3247.960992
MNT 3397.999946
MOP 8.018098
MRU 39.756673
MUR 46.296657
MVR 15.449706
MWK 1734.194967
MXN 20.270535
MYR 4.471503
MZN 63.959908
NAD 18.139326
NGN 1679.960217
NIO 36.802259
NOK 11.068345
NPR 134.993746
NZD 1.70475
OMR 0.385006
PAB 1.000038
PEN 3.795257
PGK 4.026152
PHP 58.932498
PKR 278.021073
PLN 4.123411
PYG 7832.324209
QAR 3.646967
RON 4.726635
RSD 111.113966
RUB 100.699052
RWF 1379.150243
SAR 3.754326
SBD 8.36952
SCR 13.637679
SDG 601.499504
SEK 11.03128
SGD 1.343465
SHP 0.789317
SLE 22.598872
SLL 20969.504736
SOS 571.550397
SRD 35.429665
STD 20697.981008
SVC 8.750651
SYP 2512.529858
SZL 18.129359
THB 34.633977
TJS 10.650868
TMT 3.51
TND 3.156713
TOP 2.342105
TRY 34.482973
TTD 6.771085
TWD 32.55203
TZS 2652.496938
UAH 41.239103
UGX 3690.648777
UYU 42.753589
UZS 12844.784294
VES 45.783636
VND 25425
VUV 118.722009
WST 2.791591
XAF 621.539263
XAG 0.032134
XAU 0.000378
XCD 2.70255
XDR 0.760965
XOF 621.553987
XPF 113.003023
YER 249.896724
ZAR 18.131099
ZMK 9001.198808
ZMW 27.677759
ZWL 321.999592
  • BCE

    -0.1580

    27.152

    -0.58%

  • CMSC

    -0.0450

    24.52

    -0.18%

  • NGG

    -0.3960

    63.184

    -0.63%

  • BCC

    -0.4100

    137.77

    -0.3%

  • AZN

    -0.4400

    63.36

    -0.69%

  • RIO

    0.0400

    62.47

    +0.06%

  • GSK

    -0.1250

    33.335

    -0.37%

  • SCS

    -0.0400

    13.05

    -0.31%

  • JRI

    -0.0600

    13.2

    -0.45%

  • RYCEF

    -0.1300

    6.56

    -1.98%

  • VOD

    0.0150

    8.935

    +0.17%

  • RBGPF

    -0.5400

    59.65

    -0.91%

  • CMSD

    -0.0836

    24.26

    -0.34%

  • RELX

    -0.3550

    44.935

    -0.79%

  • BP

    -0.2000

    28.89

    -0.69%

  • BTI

    0.0410

    36.971

    +0.11%

Time ticking on US deadline to avert shutdown
Time ticking on US deadline to avert shutdown / Photo: © AFP

Time ticking on US deadline to avert shutdown

Four months after barely avoiding a catastrophic default, the world's largest economy is once again on the verge of a major fiscal crisis.

Text size:

President Joe Biden's Democrats are engaged in a bitter feud with Republican rivals in Congress over spending bills, which, if not passed into law soon, may trigger a government shutdown.

US lawmakers have until midnight on September 30 to reach an agreement, before funding for government services is due to dry up.

A shutdown would put at risk the finances of hundreds of thousands of workers at national parks, museums and other sites operating on federal funding, but it could also carry significant political risk for Biden as he runs for re-election in 2024.

House Republicans failed to support the government spending levels agreed to between Biden and Speaker Kevin McCarthy, the top Republican in Congress, that would keep government gears turning, the White House has said.

"A small group of extreme Republicans don't want to live up to the deal, so now everyone in America could be forced to pay the price," Biden said Saturday.

"It's time for Republicans to start doing the job America elected them to do."

Tensions are mounting around additional aid for Kyiv, after Ukrainian President Volodymyr Zelensky visited Congress Thursday pleading for more weapons to battle Russian forces 18 months into the war.

Both parties in the Senate support the $24 billion aid bill. But a handful of hardline Republicans in the House of Representatives are threatening to block it.

"I am not voting for one single penny to go to a war in Ukraine," congresswoman Marjorie Taylor Greene, a close ally of former president Donald Trump, said in a video posted on X, the former Twitter.

"I am America First, I work for the United States of America. I work for the American people."

Fellow House Republican Eli Crane echoed that view.

"People all over the country are so tired of funding others... We continue to spend and spend and spend, money that we don't have," he said in a video on social media.

Such bluster is putting McCarthy in a bind.

"He's in a very difficult position because the holdouts keep saying to Kevin McCarthy: 'Don't bring bipartisan bills to the floor, we don't want you to use Democrat votes to try to avert a shutdown,'" House Republican Mike Turner told ABC News Sunday talk show "This Week."

- Recurring spectacle -

The budget vote in Congress regularly turns into a standoff, with each party using the prospect of a shutdown to obtain concessions from the other -- until a solution is found at the last minute.

But this year the showdown is exacerbated by new levels of polarization on Capitol Hill.

In the Senate, debate is led by two political heavyweights, Democratic majority leader Chuck Schumer and Mitch McConnell, the Republican minority leader.

"Leader McConnell and I are both strongly for aid for Ukraine," Schumer told CNN Friday. "And I believe the majority of the members of both parties in the Senate agree with that."

If no firm agreement is reached, lawmakers could turn to a short-term funding measure, called a continuing resolution, which would offer temporary respite to lawmakers to find common ground.

The shutdown prospect comes just four months after the debt ceiling crisis, during which the United States came dangerously close to defaulting on its debt, which could have had disastrous consequences for the American economy and beyond.

As part of the deal averting default, Democrats agreed to limit certain spending in hopes the budget would be approved smoothly.

"A deal is a deal," White House Press Secretary Karine Jean-Pierre said, blaming Republicans for the risk of a "needless shutdown."

If the government were to halt operations, low-income families may not receive their food aid checks, air traffic could be disrupted and national parks could close.

Civil servants deemed "non-essential" will be asked to stay home, receiving paychecks only when the problem is resolved.

The United States has lived through four shutdowns since 1976. The longest began in late 2018, lasted five weeks and cost the American economy $3 billion, according to congressional figures.

Most lawmakers say they oppose a repeat -- but avoiding one might be difficult.

"I don't want to see a shutdown," House Republican Tony Gonzales told CBS News on Sunday. "But there is no doubt in my mind that the country is headed for a shutdown, and everyone should prepare as such."

N.Patterson--TFWP