Exclusive Content:

Home Office Blunder: Thousands of Deportation-Intended Migrants Missing Before Rwanda Flights

A recent revelation has cast a glaring spotlight on...

Taxes: here is the (large) amount of the advance that the tax authorities will pay you on Monday January 15

The end-of-year holidays have just ended and it is...

Weather: what will the weather be like in February, March and April?

At the start of 2024, the temperatures on the...

A budgetary paralysis in the United States would weigh on the economy

spot_img

(Washington) A Biden administration official warned Monday that a federal government shutdown, or “shutdown,” would wreak havoc on the U.S. economy if Republicans and Democrats in Congress do not agree on the government budget, object of a political battle.

“We haven’t seen a shutdown in a while. I hope we don’t have one now, because one of the things that encourages all of us is the fact that the U.S. economy is doing much better than many people expected,” said the assistant secretary of state. Treasure, Wally Adeyemo, speaking at the Economic Club of New York.

The “shutdown” differs from the default, which threatened the American economy in the spring, and was linked to the debt ceiling, which Congress had to raise.

The expenditures frozen in the event of a “shutdown” are less wide than in the event of default, details a note from the Committee for a Responsible Federal Budget, a bipartisan organization.

In the event of a “shutdown”, for example, civil servants would not be paid temporarily, certain health systems could be affected, as well as air transport, with air traffic controllers then not receiving a salary.

The last paralysis of the federal administration dates back to 2018. Around 850,000 civil servants were placed on partial unemployment, according to the committee.

“The last thing we need is the difficulties of a shutdown,” Adeyemo warned.

The next budgetary year begins on October 1, but elected representatives of Congress, who must vote on funding, have not reached any agreement at this stage.

The ball is, he stressed, in the camp of the elected Republicans in the House of Representatives.

“The Democrats in the Senate (and) the House and the Republicans in the Senate all agree on the need to honor the terms of the agreement that we just reached this summer,” he said.

This agreement, which had made it possible to avoid payment default, suspends the public debt ceiling of the United States until January 2025, and sets budgetary objectives, including in particular a limitation of spending.

“Our goal is really to try to get to a point where Congress agrees to continue funding the government, because the last thing we need is headlines about the government shutdown,” he said. hammered Wally Adeyemo.

Latest articles

Tragic Crash at White House Perimeter Gate Claims Driver’s Life, Secret Service Clarifies Incident

Tragic Accident at White House Gate In a tragic turn of events, a driver lost...

Anne Hathaway Captivates in The Idea of You: A Deep Dive Film Analysis

Anne Hathaway's Compelling Performance: Delving into the Heart of "The Idea of You" Anne Hathaway's...

Nvidia and AMD Stocks React as Semiconductor Sector Faces Turbulence

The semiconductor market experienced significant fluctuations as Nvidia and AMD stocks reacted to industry...

Adrian Newey Announces Departure: Red Bull Racing Faces Transition in F1 Design Leadership

End of an Era: Adrian Newey Announces Departure from Red Bull Racing In a significant...

More like this

Home Office Blunder: Thousands of Deportation-Intended Migrants Missing Before Rwanda Flights

A recent revelation has cast a glaring spotlight on the Home Office, as it...

Taxes: here is the (large) amount of the advance that the tax authorities will pay you on Monday January 15

The end-of-year holidays have just ended and it is nice to benefit from an...

Weather: what will the weather be like in February, March and April?

At the start of 2024, the temperatures on the thermometer are enough to make...