U.S. President Barack Obama says the federal government should not shut down because Congress cannot agree on a tax issue. In Washington Thursday, the president pressed lawmakers to extend the payroll tax cut before they leave for their holiday break, saying otherwise 160 million working Americans will see their taxes increase on January 1. Federal [...]
Tag: Shutdown
December 16, 2011
December 15, 2011
Shutdown fear hijacks US tax row
15 December 2011 Last updated at 13:17 GMT Disagreement over payroll tax cuts is the latest impasse to hit Washington in recent months The threat of a US government shutdown is looming for the third time in 2011 amid division in Congress over how to resolve a payroll tax cut dispute. Funding for federal programmes [...]
October 4, 2011
Senate Reaches Deal to Avert Government Shutdown
After blocking one Democratic proposal, the Senate voted, 79 to 12, to approve a straightforward seven-week extension of financing for government agencies that were due to run out of money on Friday, simultaneously replenishing accounts at the Federal Emergency Management Agency that this summer’s string of natural disasters had nearly exhausted. “It shows us the [...]
September 27, 2011
FEMA Shutdown Showdown Might Solve Itself
A brewing standoff and possible government shutdown may end up solving itself. According to the Washington Post, the Federal Emergency Management Agency may be able to stay open with its current funding until the end of the week, meaning it would get to October 1, the beginning of the 2012 fiscal year. How would this [...]
September 24, 2011
Congress Reluctantly Pulled Toward Shutdown
The leaves are turning. Tailgate parties and gridiron are dominating college campuses. Baseball playoffs are around the corner. About the last thing anyone wants to disrupt this early fall is another bruising game of chicken over the federal budget. And yet, something is slowly pulling Congress is slowly being pulled toward another government shutdown, over [...]