Congress returned to Washington yesterday to resume negotiations over a package of bills aimed at avoiding a government shutdown. Which, if no agreement is reached, would go into effect this weekend.
đď¸ Some quick background: In May, the Biden administration and House Speaker Kevin McCarthy (R-CA) agreed to limit the US governmentâs discretionary spending to $1.59 trillion in 2024, as part of a wider deal to end a standoff over the federal debt ceiling.
But in recent months, some House Republicans have rejected this figure and proposed a separate budget thatâs $120 billion lower, with the cuts spread across agencies outside of defense, veterans affairs, and disaster relief.
Leaders from each chamber of Congress are currently working on separate proposals that would delay the budget-approval process and temporarily avoid a government shutdown.
đĽ The potential impact: If Congress fails to reach an agreement by midnight on Saturday, hundreds of thousands of federal employees would be furloughed without pay. Workers deemed âessentialâ â including all 2 million US military personnel â would be required to remain on the job, but without pay.
The US government would also have to suspend a wide range of services, including economic data releases, nutrition benefits, school aid, scientific grants, small-business loans, and most civil prosecutions.
đ Flash poll (fill in the blank): In my opinion, the impending US government shutdown represents a ___ problem for our country.
đ After decades of losing market share to cars and planes, the US passenger train industry is attempting a resurgence.
đ§ đ Neuralink, the brain implant startup led by Elon Musk, is recruiting patients for its first-ever human clinical trial, the company announced this week.
đłď¸ Only 10% of eligible US residents voted in a primary election in 2020 â but those primary results effectively decided the winners for 83% of all congressional seats, due to deep-red or deep-blue districts where general elections arenât competitive, per advocacy group Unite America.
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