| Spiralling debt: US begins shutdown amid budget row!


| truthaholics

US begins shutdown amid budget row ~ BBC.

The US government has begun a partial shutdown after the two houses of Congress failed to agree a new budget.

The Republican-led House of Representatives insisted on delaying President Barack Obama’s healthcare reform – dubbed Obamacare – as a condition for passing a bill.

More than 800,000 federal employees face unpaid leave with no guarantee of back pay once the deadlock is over.

It is the first shutdown in 17 years and the dollar fell early on Tuesday.

What does shutdown mean for two million federal employees, agencies and tourist destinations?

Goldman Sachs estimates a three-week shutdown could shave as much as 0.9% from US GDP this quarter.


“The Republican leadership looks and feels trapped – they made demands that they knew wouldn’t be met rather than be accused of weakness and betrayal by their own hardliners”

image of Mark MardellMark Mardell North America…

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