Trump warns US government shutdown likely

Trump warns US government shutdown likely, by Dave Clark.

President Donald Trump admitted Friday that chances were “not looking good” that 11th-hour talks in Congress would break an impasse over spending and avert a US government shutdown.

Less that two-and-a-half hours before a midnight deadline to reach a short-term deal to keep the federal government running at full capacity, Trump lashed out at Democrats.

“Not looking good for our great Military or Safety & Security on the very dangerous Southern Border,” he tweeted, citing some of the government projects and agencies that will find themselves unfunded.

“Dems want a Shutdown in order to help diminish the great success of the Tax Cuts, and what they are doing for our booming economy,” he alleged. …

What happens in a shut down?

There have been four government shutdowns since 1990. In the last one in 2013, more than 800,000 government workers were put on temporary leave.

Essential functions like the military, law enforcement, the White House and Congress would continue working but with reduced staff. Some agencies would shut altogether.

But others in the massive bureaucracy will be sent home without pay.

International ratings agency Fitch said a partial shutdown was unlikely to affect America’s AAA/stable rating for US sovereign debt.

Wall Street seemed unconcerned so far, with the S&P and Nasdaq closing at new records.

Senate rules require 60 votes to pass spending legislation, so Democrat agreement is required (Republicans make up 51 of the 100 Senators; the rest are Democrats). But the Democrats will not agree, they say, unless they get their way on immigration. Hence the stalemate and the shutdown.