U.S. Government Shutdown Looms Amid Failed Senate Bill

According to BlockBeats, U.S. President Donald Trump stated that if the government must shut down, it should proceed. He expressed confidence in the economy, noting that prices are decreasing. A temporary spending bill aimed at preventing a government shutdown failed to pass in the U.S. Senate. Consequently, President Trump canceled crucial meetings with Senate Minority Leader Chuck Schumer and House Minority Leader Hakeem Jeffries. These discussions were initially expected to avert a shutdown before the September 30 deadline. Deutsche Bank analyst Jim Reid highlighted in a Wednesday morning report to clients that U.S. government funds might be depleted by next week's deadline, potentially leading to the first government shutdown since the winter of 2018-19.