US Government Agencies Near Shutdown as Budget Deadline Looms

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Washington: The White House Office of Management and Budget has issued a memorandum confirming that several US government departments are expected to shut down today. The document states that, given the current circumstances, Congress will not complete its work before the budget deadline, which ends at 11:59 PM Eastern Time on January 30. Affected agencies have been instructed to begin orderly preparations for closure. It is not yet clear which departments will be impacted, but typically, non-essential government services are temporarily suspended until a new budget is approved. The federal government’s budget cannot continue without Congressional approval, and delays in approval result in partial shutdowns that disrupt public services. These shutdowns often arise due to financial crises or political disagreements. In recent years, the US has experienced multiple partial government shutdowns caused by delayed budget approvals, affecting both the economy and society. This potential shutdown may create uncertainty in financial markets and hinder the delivery of government services. The key question remains whether Congress will approve the budget promptly to avoid this situation, as prolonged shutdowns risk harming the nation’s economy and public welfare.

Source: binance