With Democrats and Republicans unable to reach a funding deal, the US government is on the brink of a shutdown (Alex WROBLEWSKI) Asian markets stuttered, US futures fell and gold hovered near record highs Wednesday after lawmakers in Washington failed to reach a deal to avert a government shutdown. The prospect of federal services being…
US stock futures pulled back as the US government barreled toward a government shutdown beginning Wednesday at 12:01 a.m. ET. Futures attached to the Dow Jones Industrial Average (YM=F) slipped 0.1%. Futures attached to the benchmark S&P 500 (ES=F) and the tech-heavy Nasdaq 100 (NQ=F) fell 0.2%. On Tuesday evening, a government shutdown appeared all…
A government shutdown on Wednesday would have the potential to disrupt a multitude of federal activities — but people with student loans are expected to continue making their repayments, according to the U.S. Department of Education. People with student loans “will still be required to make payments on their outstanding student debt,” the Education Department…
Americans worried that a looming U.S. government shutdown could derail their plans to take out a mortgage or refinance their home loan can breathe easy — mostly. Housing experts says lenders will continue processing mortgages as usual even if federal agencies close shop, while noting that a shutdown could lead to hitches for borrowers applying for government-backed…
Topline U.S. stock futures fell early on Tuesday after a meeting of Congressional leaders from both parties and President Donald Trump failed to reach a deal on legislation to keep the government funded ahead of Wednesday’s deadline for a government shutdown. Vice President J.D. Vance, accompanied by House Speaker Mike Johnson (R-LA), Senate Majority Leader…
US stocks faltered on Tuesday as investors weighed the likely fallout of President Trump’s latest tariff blitz and the US government careened toward its first shutdown in seven years. The Dow Jones Industrial Average (^DJI) led losses, falling around 0.4%. The S&P 500 (^GSPC) and the tech-heavy Nasdaq Composite (^IXIC) slid around 0.3%, coming off…
A possible U.S. government shutdown on Wednesday could hinge on a deal to maintain a tax credit that helps 22 million Americans lower their health insurance costs when they buy policies through the Affordable Care Act’s marketplaces. Known as the enhanced premium tax credit, the subsidy has been used by millions of low- and middle-class households since…
House Democratic Leader Hakeem Jeffries has responded after President Donald Trump posted an artificial intelligence (AI) video on his social media page mocking him and other Democrats. In the video, Jeffries is seen wearing a sombrero and a mustache, while Senate Minority Leader Chuck Schumer speaks in a fake voice and argues for undocumented immigrants to…
By Ankur Banerjee SINGAPORE (Reuters) -The U.S. dollar was on the back foot on Tuesday in cautious trading as investors braced for a possible U.S. government shutdown that would halt economic data releases including the crucial jobs report later this week. Government funding will expire at midnight on Tuesday unless Republicans and Democrats agree to…
Although a short U.S. government shutdown would be unlikely to have much impact on air travel, a prolonged impasse could lead to disruptions for passengers and financial losses for businesses, according to travel experts and industry groups. The Federal Aviation Administration and Transportation Security Administration define most of their employees as essential, requiring them to work…