m.bbc.co.uk/news/business-24327411
I think most probably, the row will get settled at the eleventh hour by the politicians there. I mean, most of them would just pass the resolution so that politicians further down the order in coming years will face the heat. Seems like USA is just throwing money at the problem and hoping it will go away.
What will be the outcome, if USA defaults on its payments? Stock market crashes everywhere?
Shutdown impact
If the government does shutdown on 1 October, as many as a third of its 2.1 million employees are expected to stop work - with no guarantee of back pay once the deadlock is resolved.
National Parks and Washington's Smithsonian museums would close,pension and veterans' benefit cheques would be delayed,and visa and passport applications would be stymied.
Programmes deemed essential, such as air traffic control and food inspections,would continue.
The defence department has advised employees that uniformed members of the military will continue on "normal duty status", but"large numbers" of civilian workers will be told to stay home.
The looming shutdown, which would be the first for 17 years, is not the only crisis the US government is facing.
The US government and Republicans are also at loggerheads over extending the government's borrowing limit.
The US Treasury Secretary has warned that the US will hit its debt ceiling by 17 October, leaving the government with half the money needed to pay its bills.
I think most probably, the row will get settled at the eleventh hour by the politicians there. I mean, most of them would just pass the resolution so that politicians further down the order in coming years will face the heat. Seems like USA is just throwing money at the problem and hoping it will go away.
What will be the outcome, if USA defaults on its payments? Stock market crashes everywhere?