The federal fiscal year ends on Tuesday, and if there is no deal for more funding, then much of the government’s vast bureaucracy will shut down right after midnight on Wednesday. Critical functions like the military will continue, but a shutdown that lasts longer than a few days would affect the monthly jobs report, which…
The major averages finished this past week little changed, as a light economic and earnings calendar saw investors take the week’s events in stride, even President Trump’s latest tariff surprise late Thursday. In the week ahead, however, looming developments may prove more troublesome for financial markets. Tuesday is set to be a pivotal day for…
NEWYou can now listen to Fox News articles! EXCLUSIVE: As the Sept. 30 government funding deadline looms, the Trump administration is warning that millions of Americans could lose flood insurance coverage if Democrats refuse to back a House-passed spending bill that also extends the National Flood Insurance Program (NFIP). The White House supports the continuing…
President Trump will meet with congressional leaders on Monday, just ahead of an Oct. 1 deadline for lawmakers to reach an agreement on a spending bill that would avert a government shutdown, multiple sources familiar with the plans told CBS News Saturday. Mr. Trump will meet with Senate Majority Leader John Thune, Senate Minority…
A government shutdown could begin within days, halting pay for hundreds of thousands of federal workers and delaying services, as lawmakers remain deadlocked over funding past Sept. 30. The financial impact of a shutdown typically depends on the length of the disruption, with each week costing the U.S. economy about $7 billion, according to a…
The Trump administration is taking a more aggressive approach than usual to what would happen in a government shutdown, after a White House memo Wednesday night told agencies to plan for further reductions in force if government funding lapses early next week. But with just days left before a government shutdown, many are questioning the…
WASHINGTON (Reuters) -The risk of a partial U.S. government shutdown beginning next week is rising as congressional Democrats and Republicans hit an impasse over how to continue to fund the federal government. A shutdown could affect financial markets by limiting the operations of financial regulators and delaying the publication of key economic data. Invest in…
Nvidia is investing in OpenAI. (Photo by Justin Sullivan/Getty Images) Getty Images Key Takeaways Powell’s Cautious Remarks Shift Focus Toward Upcoming Inflation Data Nvidia’s Massive AI Investments Drive Market Cap And Sector Momentum Lithium Americas Surges On Potential Government Stake And EV Demand Major market indices fell on Tuesday with the S&P 500 dropping 0.55%…
US President Donald Trump on Friday predicted that the government might shut down, citing a stalemate between his party and Democrats. “We’ll continue to talk to the Democrats, but I think you could very well end up with a closed country for a period of time,” Trump said in the Oval Office. US President Donald…