A government shutdown that could start this weekend would 'undermine' U.S. economic progress by idling key programs for small businesses and children, and could delay major infrastructure improvements, U.S. Treasury Secretary Janet Yellen said on Friday.
partisan spending cuts and the Senate advanced separate legislation to temporarily extend spending.
"A shutdown would impact many key government functions – from loans to farmers and small businesses, to food and workplace safety inspections, to Head Start programs for children. And it could delay major infrastructure improvements," she said, adding that such investments boost economic growth. Brainard told CNBC that avoiding a lapse in government funding was "completely in the hands of the House, the House Republicans in particular," and that risks to the economy include active military service members going without pay, air traffic delays and poor Americans being unable to access government benefits.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Russia selling oil to India at $20 above price cap set by Yellen and G-7Russia is selling crude oil to India at prices of roughly $80 per barrel, new trading data show, roughly $20 above the capped price set by the G-7-led coalition in December and further padding Russia's coffers as its war in Ukraine drags on.
Consulte Mais informação »
Map: Killings of Janet Taylor and Leslie Perlov, and other Stanford murders 1973-74John Getreu was around 30 years old at the time of the murders, living in Palo Alto and working at Stanford Hospital.
Consulte Mais informação »
S&P 500 struggles for direction as Treasury yields advance to squeeze on stocks By Investing.comS&P 500 struggles for direction as Treasury yields advance to squeeze on stocks
Consulte Mais informação »
S&P 500 inches higher as rising Treasury yields spark volatile trade By Investing.comS&P 500 inches higher as rising Treasury yields spark volatile trade
Consulte Mais informação »
Jade Protocol Faces Calls to Liquidate $31M Token TreasuryA longtime member says the DAO “poses a major investment risk to all token holders,” and should shut down.
Consulte Mais informação »
Entire U.S. Treasury yield curve moves toward or above 5%, raising risk something may breakOn a day devoid of any major market-moving news, investors sent yields in the roughly $25 trillion Treasury market closer to or further above 5% on Wednesday.
Consulte Mais informação »