Update: Government Shutdown!
according to the Fitch agency, the ousting of U.S. House Speaker Kevin McCarthy means that a government shutdown later this year is possible. Republican House speaker nominee Jim Jordan has pitched his colleagues on an unorthodox plan to prevent a government shutdown on November 17th, but it remains to be seen whether his plan will work.
Ralph Fontones
10/16/20231 min read
As of October 1, 2023, the US government has avoided a shutdown by passing a 45-day spending bill that allows the government to stay open. The bill was signed into law by President Joe Biden on September 30, 2023.
Therefore, there is no government shutdown today. However, the possibility of a shutdown still looms if the House of Representatives and Senate fail to agree on legislation to continue funding the federal government past the end of the 2023 fiscal year.
As of now, there is no news of a government shutdown in November 2023. However, it is important to keep in mind that the situation is still evolving, and it is difficult to predict how it will affect the global economy in the long run.