Will have an impact on the US economy in 2023, foreign media: The US government may suspend operations within two weeks
According to Agence France Presse on the 19th, due to difficulties in reaching a consensus on a short-term spending bill in the US Congress, the US will face a federal government shutdown dilemma within two weeks. Economists have warned that this shutdown may impact the US economy for the end of 2023.
The US government currently has multiple budget bills under discussion, but none of them can be voted through in both houses of Congress. Members of Congress must reach an agreement before midnight on the 30th of this month, otherwise government agencies will run out of funds. The government shutdown will put the financial situation of hundreds of thousands of federal employees at risk, and as federal assets such as parks and museums cease operations, they may lose their salaries. Although decision-makers generally hope to avoid this situation, some lawmakers still oppose all bills submitted for review so far.
This is the second time in recent months that the United States has faced a fiscal deadlock. In June of this year, the US Senate voted to pass a bill that would allow the country to suspend its debt ceiling, ending weeks of tense negotiations and avoiding catastrophic debt defaults. Ernst&Young Chief Economist Dakot said that the current shutdown crisis will leave a clear mark on the economy. He estimated that a government shutdown would cause $6 billion in damage to the US economy every week and reduce GDP growth by 0.1 percentage points in the fourth quarter.