The Impending Threat: Hardline Republicans Push U.S. Government Towards Shutdown

The U.S. government is on the brink of a partial shutdown as a few hardline House Republicans refuse to support a bipartisan stopgap spending bill. If Congress fails to pass a spending package by Sunday, the National Park Service will close, the Securities and Exchange Commission will suspend activities, and federal workers will be furloughed. The House is set to vote on a 30-day funding measure that is expected to fail due to opposition from Democrats and hardline conservatives. The hardliners want full-scale spending legislation for fiscal 2024 instead. The repeated brinkmanship raises concerns about the nation's creditworthiness and could impact financial markets.