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Stocks fall over fear of government shutdown and debt ceiling showdown

US stocks Wednesday moved lower as investors remained cautious amid a partisan budget squabble in Washington. About 40 minutes into trade, the Dow Jones Industrial Average was down 35.75 (0.23 percent) to 15,298.84. The broad-based S&P 500 lost 4.98 (0.29 percent) at 1,692.44, while the tech-rich Nasdaq Composite Index dropped…

Pentagon warns soldiers they might not be paid on time because of Congress

The Pentagon warned its workforce on Monday that it is preparing for a possible government shutdown if Congress fails to break a political impasse. If US government agencies are forced to shutter, American troops around the world would stay on the job and some civilian employees would be ordered on…

Republican ‘kamikaze’ tactics risk ‘serious harm’ to U.S. economy

The risk of an accidental financial meltdown has been increased sharply by the latest “kamikaze” tactics of Republican budget negotiations, according to warnings given to Congress by leading economists. The House of Representatives is expected to pass a resolution on Friday that will allow government spending to continue beyond September…

Republican Rep. Hal Rogers introduces stop-gap budget to prevent October 1 government shutdown

A key US lawmaker introduced a stop-gap funding bill Wednesday to prevent an October 1 government shut-down, acknowledging there is not enough time to pass a yearly US budget. House Appropriations Committee chairman, Republican Hal Rogers, unveiled a temporary measure that would continue funding for all federal agencies, programs and…

Prepare for yet another budget showdown in Congress

President Barack Obama is facing the prospect of a fiscal fight with Congress, with both sides having three weeks to break funding impasses or risk government default. Two crucial votes are on the horizon for the divided and gridlocked Congress, including approval of a federal budget for fiscal year 2014,…

Republicans set stage for government shutdown by blocking transportation bill

By David Lawder WASHINGTON (Reuters) – A battle in Congress expected this fall over the budget and a potential government shutdown broke out early on Thursday as Republicans in the U.S. Senate effectively killed a $54 billion spending bill for transportation and housing projects. All but one Republican voted against…

Hannity: Defund Obamacare and let Democrats shut down the government

Speaking to Sen. Mike Lee (R-UT) on his radio show Tuesday, Republican opinion host Sean Hannity urged the tea party favorite to stand with fellow Republicans and force a government shutdown later this year by refusing to vote for any spending bill that includes money to implement the Affordable Care…

U.S. House votes to avert government shutdown

Congress approved a funding stopgap Thursday to keep the US government operating through September, while the House backed a Republican blueprint that lays out budget austerity for the next decade. The two votes came in rapid-fire succession in the House of Representatives ahead of a two-week congressional holiday recess. The…

Congress reaches deal to avoid shutdown

WASHINGTON — US lawmakers clinched a deal to avoid a government shutdown that could have further undermined public confidence in American leaders, congressional sources said. Negotiators from the Republican-controlled House of Representatives and the Democrat-dominated Senate agreed to allow a vote by Friday on a $1 trillion bill that would…

House passes bill to avert government shutdown

WASHINGTON — The US House of Representatives on Thursday approved a stopgap spending bill to avert a looming government shutdown and keep key agencies open to October 4, sending it to President Barack Obama. The Senate had passed the legislation, known as a “continuing resolution” or “CR” late Monday, as…

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