Page 3 - Us Govt Shutdown

Senate Republicans head to White House amid stalemate on shutdown

As the government shutdown enters its fourth week, Senate Republicans are headed to the White House on Tuesday not for urgent talks on how to end it, but for a display of unity with President Donald Trump as they refuse to negotiate on any Democratic demands. Senate Democrats, too, are confident in their strategy to keep voting against a House-passed bill that would reopen the government until Republicans, including Trump, engage them on extending health care subsidies that expire at the end of the year. With both sides showing no signs of movement, it's unclear how long the stalemate will last even as hundreds of thousands of federal workers will miss another paycheck in the coming days and states are sounding warnings that key federal programmes will soon lapse completely. And the meeting at the White House appears unlikely, for now, to lead to a bipartisan resolution as Senate Republicans are dug in and Trump has followed their lead. I think the president's ready to get involv

US nuclear security agency furloughs 1,400 workers amid govt shutdown

The federal agency tasked with overseeing the US nuclear stockpile has begun furloughing employees as part of the ongoing federal government shutdown, Energy Secretary Chris Wright said on Monday. In a visit to Nevada, Wright said the National Nuclear Security Administration is furloughing 1,400 federal workers as part of the shutdown, which began October 1. Nearly 400 federal workers will remain on the job, along with thousands of NNSA contractors, the Energy Department said. The NNSA, a semi-autonomous branch of the Energy Department, also works to secure nuclear materials around the world. Tough day today," Wright said in Las Vegas before a scheduled visit to the Nevada National Security Site in Mercury, Nevada. We're working hard to protect everyone's jobs and keep our national stockpile secure, Wright said. The furloughs do not pose an immediate threat to national security, Wright said, adding, "We have emergency employees and the current nuclear stockpile is safe. President .

Asian shares rise on earnings optimism, US inflation seen as minor hurdle

Japan's Nikkei led Asia higher with a rise of 1.5 per cent encouraged by news the Liberal Democratic Party and the Japan Innovation Party have agreed to form a coalition government

US SEC lawsuit against Adani alleging fraud paused amid govt shutdown

A US government shutdown has furloughed SEC staff and delayed filings in the civil securities lawsuit against Gautam Adani, even as related criminal proceedings continue

US government shutdown delays release of crucial inflation figures

The government shutdown is delaying another major economic report, leaving policymakers at the Federal Reserve with a cloudier picture even as the economy enters a challenging phase of stubbornly persistent inflation and a sharp slowdown in hiring. The Labour Department's monthly inflation data was scheduled for release Wednesday, but late last week was postponed until October 24. The department is recalling some employees to assemble the data, which was collected before the shutdown began. The figures are needed for the government to calculate the annual cost of living adjustment for tens of millions of recipients of benefit programmes such as Social Security. The shutdown could make things worse for agencies like the Fed if it continues, because government agencies cannot collect the raw data that are then compiled into the monthly reports on jobs, inflation, and other economic trends. The September employment report, for example, which was due to be released October 3 but was no

We're closing up Democrat programmes, says Trump amid ongoing govt shutdown

Earlier on Tuesday, the White House Office of Management and Budget said it would continue to "ride out" the shutdown with additional reductions in force, or RIFs

Trump admin begins mass federal layoffs, escalating US govt shutdown fight

The administration plans to slash at least 4,100 workers from the government during the shutdown, according to newly filed court documents

US weekly jobless claims rise amid govt shutdown, economists estimate

Official economic data collection and publication has been suspended because of the government shutdown, now in its second week

Trump's ratings steady as US government shutdown drags into second week

Trump's net approval on the four issues tracked by Silver are -4.7 on immigration, -15.3 on the economy, -15.6 on trade and -27.4 on inflation

Asian stocks rise on AI optimism, oil slips after Gaza ceasefire deal

Stocks in Taiwan climbed 1.2 per cent to a fresh record, while MSCI's broadest index of Asia-Pacific shares outside Japan firmed 0.3 per cent

US govt shutdown grinds into second week, but quiet talks emerging

Tours at the Capitol have come to a standstill. The House is keeping its doors closed, while the Senate is stuck in a loop of failed votes on a rejected plan to reopen the government. President Donald Trump is threatening to mass fire federal workers and refuse back pay for the rest. As the government shutdown enters a second week, there's no discernible endgame in sight. You have to negotiate, Sen Bernie Sanders, the independent from Vermont, argued late into the evening on the Senate floor. That's the way it works. But no negotiations, at least publicly, are underway. Shutdown grinds on, but signs of quiet talks The Republicans who have majority control in Congress believe they have the upper hand politically, as they fend off Democratic demands to quickly fund health insurance subsidies as part of any plan to end the shutdown. But so have Democrats dug in, convinced that Americans are on their side in the fight to prevent the looming health care price spikes and blaming Trump

Staffing shortages cause US flight delays as govt shutdown enters day 7

Staffing shortages led to more flight delays at airports across the US on Tuesday as the federal government shutdown stretched into a seventh day, while union leaders for air traffic controllers and airport security screeners warned the situation was likely to get worse. The Federal Aviation Administration reported staffing issues at airports in Nashville, Boston, Chicago and Philadelphia, and at its air traffic control centres in Atlanta and the Dallas-Fort Worth area. The agency temporarily slowed takeoffs of planes headed to the first three cities. Major flight delays a day earlier also were tied to insufficient staffing during the shutdown, which began October 1. The FAA reported delays on Monday at the airports in Burbank, California, Newark, New Jersey and Denver. Travel industry analyst Henry Harteveldt said the risk of significant disruptions to the US aviation system is growing by the day" as federal workers whose jobs are deemed critical continue working without pay. The .

Gold nears $4,000 an ounce for first time ever: What's driving the rally?

According to the goldprice website, the current gold price, at the time of publishing this report, was recorded at $3965.63

Trump blames Democrats for federal layoffs as govt shutdown enters day 6

Republican and Democratic lawmakers at an impasse on reopening the federal government provided few public signs Sunday of meaningful negotiations taking place to end what is about to be a six-day shutdown with President Donald Trump saying that layoffs are occurring. Asked on Sunday night when federal workers would be fired as he has threatened to do, Trump told reporters: It's taking place right now and it's all because of the Democrats. The Democrats are causing the loss of a lot of jobs, Trump added, declining to answer a question about which agencies are subject to the cuts. The possibility of layoffs would escalate an already tense situation in which Washington lawmakers have struggled to find common ground and build mutual trust. Leaders in both parties are betting that public sentiment has swung their way, putting pressure on the other side to cave. Democrats are insisting on renewing subsidies to cover health insurance costs for millions of households, while Trump wants to

Trump marks Navy's 250th anniversary with rally-like event amid shutdown

President Donald Trump did not let the government shutdown interfere with a stop in Norfolk, Virginia, on Sunday to salute the Navy as it celebrates its 250th anniversary using his speech to praise both the Navy and himself. Trump delivered remarks that by his own recognition bordered on making it more like a campaign event, generating some applause from the crowd before closing out with a recording of his theme song, YMCA by Village People. Let's face it, this is a rally, Trump told the crowd that the Navy estimated to be 10,000 people. The president criticised his political opponents and attacked Democratic lawmakers as the shutdown entered its fifth day, causing military personnel to work without pay until the government reopens. I want you to know that despite the current Democrat induced shutdown, we will get our service members every last penny. Don't worry about it," Trump said to cheers from the crowd. The government shutdown that began Wednesday has sparked partisan blam

US govt shutdown drags on as Senate funding vote fails to break deadlock

Hopes for a quick end to the government shutdown faded Friday as Democrats refused to budge in a Senate vote and President Donald Trump readied plans to unleash layoffs and cuts across the federal government. On the third day of the shutdown, a Senate vote to advance a Republican bill that would reopen the government fell well short of the 60 needed to end a filibuster and pass the legislation. Senators were expected to depart for the weekend, and there have been few signs of any real progress towards ending the congressional standoff. Democrats are demanding that Congress extend healthcare benefits, while Republicans are trying to wear them down with day after day of voting on the House-passed bill that would reopen the government temporarily, mostly at current spending levels. I don't know how many times you're going to give them a chance to vote no, Senate Majority Leader John Thune said at a news conference Friday. He added that he would give Democratic senators the weekend to

Lack of jobs data due to govt shutdown muddies view of hiring, US economy

From Wall Street trading floors to the Federal Reserve to economists sipping coffee in their home offices, the first Friday morning of the month typically brings a quiet hush around 8:30 am eastern as everyone awaits the Labor Department's crucial monthly jobs report. But with the government shut down, no information was released Friday about hiring in September. The interruption in the data has occurred at a particularly uncertain time, when policymakers at the Federal Reserve and Wall Street investors would need more data on the economy, rather than less. Hiring has ground nearly to a halt, threatening to drag down the broader economy. Yet at the same time, consumers particularly higher-income earners are still spending and some businesses are ramping up investments in data centres developing artificial intelligence models. Whether that is enough to revive hiring remains to be seen. It's the first time since a government shutdown in 2013 that the jobs report has been delayed. .

Asian stocks clock weekly gains on Fed rate cut wagers, AI fervour

Asian markets were taking cues from Wall Street, where all three major indexes closed at record highs buoyed by technology stocks as investor enthusiasm for all things AI remains unchallenged

Bitcoin reclaims $120K as US shutdown fuels demand for safe-haven assets

The original cryptocurrency has long been referred to as "digital gold" by advocates, who see it serving a similar role as the precious metal during times of turmoil

US judge delays Harvard funding case for a week amid govt shutdown

US District Judge Allison Burroughs has already ruled in favour of Harvard in the case, declaring last month that the government had unlawfully sought to terminate research grants