AssetID: 53059003
Headline: UNCAPTIONED: US Government Shutdown Looms Amid Ongoing Dispute Over Funding
Caption: US Government Shutdown Looms Amid Ongoing Dispute Over Funding. 'Newsweek' reports that the United States government is once again facing a potential shutdown over funding disagreements that have divided the House. Members of the GOP have pushed back against proposed long-term spending plans, while also resisting short-term proposals aimed at avoiding the shutdown. On August 31, Congress was asked by the White House to approve a short-term continuing resolution (CR) which would prevent a partial shutdown on October 1. 'Newsweek' reports that the CR would impose an almost 8% cut on most federal agencies and does not contain additional funding for Ukraine or disaster relief funds. A House vote on the CR is scheduled for September 21, however GOP hardliners say they will not vote for it. "We want: Single-subject spending bills; A vote on term limits; A vote on a balanced budget amendment; Full release of J6 tapes; And stop spending money at COVID/Biden levels! Time is running out, [Speaker McCarthy].", Matt Gaetz, House Representative for Florida, via 'Newsweek'. 'Newsweek' reports that the instability threatened by a government shutdown led ratings agency Fitch to downgrade the nation's credit rating. According to Fitch, the decision was made based on a "steady deterioration in standards of governance over the last 20 years". In the event of a government shutdown, thousands of federal workers will be forced to stay home, while those on furlough won't get paid. Federal employees providing essential services, like law enforcement, will continue to work without being paid until Congress ends the shutdown. THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: United States,America,US,Government,shutdown,threatens,looms,amid,ongoing,dispute,funding,both parties,Republican,Democrat,spending,White house,politics
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