Pay Attention to This Date in the US: There is a Possibility of a Government Shutdown – Here’s How It Will Affect the Economy

A government shutdown is on the agenda in the US, effective midnight on September 30, if Congress and the White House fail to reach an agreement on the federal ￰0￱ possibility puts the economy under new pressure eight months into President Donald Trump's second ￰1￱ Trump administration's tariffs imposed as part of its global trade war have driven up prices, while widespread public sector layoffs and mass deportations have squeezed the labor market. Now, a looming budget crisis could bring federal agencies to a standstill. “The economy is quite fragile right ￰2￱ a more resilient era, even a prolonged lockdown wouldn't be a major ￰3￱ under current conditions, it could be the factor that could drag the economy down,” said Mark Zandi, chief economist at Moody's ￰4￱ the event of a federal shutdown, millions of public employees will lose their salaries, and some will be forced to continue working without ￰5￱ Social Security and Medicare payments will continue, citizens' access to many public services will be ￰6￱ has also been reported that the Women, Infants, and Children (WIC) program, which provides food assistance to low-income families, will no longer be accepting new ￰7￱ lockdowns have shuttered national parks and museums, halted loans and permits for small businesses, and disrupted food safety ￰8￱ estimate that each week the federal government is closed represents a loss of about 0.1 percentage points of the country's quarterly economic ￰9￱ News: BREAKING NEWS: Critical Hearing on Taxation of Cryptocurrencies to Be Held in the US on This Date The 2018-2019 shutdown, which lasted five weeks during Trump's first term, caused a significant decline in ￰10￱ Sweet, Chief Economist at Oxford Economics, stated that such prolonged shutdowns negatively impact not only public spending but also private sector investment and consumer ￰11￱ year's lockdown risk comes at a time when the economy is already under pressure due to high tariffs, a slowing labor market, and mass deportation ￰12￱ Chair Jerome Powell has described the economy as “challenging,” and experts warn that a prolonged lockdown could also erode confidence in financial markets. *This is not investment ￰13￱ Reading: Pay Attention to This Date in the US: There is a Possibility of a Government Shutdown – Here’s How It Will Affect the Economy