Shutdown Showdown Adds New Question Mark To Already Uncertain Economy | Global News Avenue

The threat of Senate Democrats to shut down the federal government has added another unknown policy to the policy prospects of Donald Trump’s chaotic trade war.

On Wednesday, Senate Minority Leader Chuck Schumer, a Democrat in New York, said Republicans said Republicans did not have enough votes to pass financing measures to stop the system, leaving the government open until September. Senate Republicans need at least eight Democrats to support them passing the budget.

Republicans passed the resolution with a partisan vote in the House without Democratic opinion. The current short-term funding measures will expire on March 14, leaving legislators’ deadlines short.

If lawmakers don’t reach an agreement, many governments Services and offices will be closedworkers will go home and send home, while certain functions (such as sending social security checks) will continue. Government shutdown One party control Houses, the Senate and the White House will be historical.

The chances of government shutdowns over the weekend rose to 44% from 17% on Thursday, according to gambling site PolyMarket. New closure tensions have added another kind of uncertainty to the economy Faced with unusually cloudy policy prospects.

Trump’s competition is not threatened by tariffs Shake the market earlier this weekleaving businesses and individuals uncertain about the new import taxes that will drive up prices for consumer goods and manufacturing components.

Other major unknowns include Trump’s threat to follow Deport millions of immigrants Or he and his adviser Elon Musk will cut government spending and services. Uncertainty in federal policy often hurts the economy because it prevents businesses and households from investing and buying at scale until they know how to solve the open problem.

In this context, adding another X factor back and forth on shutdown is to be considered.

The latest confrontation

Behind the scenes, Democrats are struggling to see whether to vote to keep the government open or use the threat of closing as a leverage to pull concessions from Republicans. Although Republicans have a majority in the House and Senate, Democrats have enough votes to stop them fromfillibuster. ”

The dilemma for Democrats is that they want to limit Trump and his cost-cutting adviser Elon Musk continues their controversy Movement to cut federal spending and workers quickly Nothing says by lawmakers. But the only leverage they do will be closed, at least temporarily, the service they are trying to save.

On Thursday, Schumer asked Republicans to pass a “clean” resolution that will keep the government open for 30 days while keeping spending at current levels to buy more negotiation time for a long-term agreement.