"Congress Faces Tight Deadline to Prevent Shutdown Amid Funding and Border Concerns"

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Source: Yahoo Finance
"Congress Faces Tight Deadline to Prevent Shutdown Amid Funding and Border Concerns"
Photo: Yahoo Finance
TL;DR Summary

Lawmakers in Washington have 11 days to prevent a partial government shutdown, with complex issues such as immigration, abortion, and aid to Ukraine complicating negotiations. House Speaker Mike Johnson has ruled out short-term funding bills, increasing the likelihood of a shutdown. Economic costs are already being felt as agencies prepare for potential furloughs, and credit rating agencies may reassess the U.S. creditworthiness due to government dysfunction. The shutdown could affect various industries, including aviation and the IRS, especially as tax filing season approaches.

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