Yellen Warns Government Shutdown Threatens Biden Admin's Economic Progress

Treasury Secretary Janet Yellen warns that a government shutdown could undermine the economic progress made by the Biden administration, as it would halt key programs for small businesses and children. Yellen urges House Republicans to adhere to the budget deal agreed to in May to prevent another shutdown, which could impact loans, food safety inspections, and infrastructure improvements. If a shutdown occurs, Head Start programs for children in poor communities would immediately lose federal funding. Lawmakers have until Saturday to reach a deal, otherwise, the shutdown will commence on Sunday.