🥇 First rule of investing? Know when to save! Up to 55% off InvestingPro before BLACK FRIDAYCLAIM SALE

Prepare for government shutdown, White House to tell U.S. agencies

Published 09/23/2021, 03:57 PM
Updated 09/23/2021, 04:00 PM
© Reuters. FILE PHOTO: FILE PHOTO: A general view of the White House in Washington, U.S. July 15, 2021. REUTERS/Jonathan Ernst

WASHINGTON (Reuters) - The White House is expected to ask federal agencies to prepare for a possible U.S. government shutdown as health authorities struggle with the COVID-19 pandemic and Democrats and Republicans fight over a funding agreement, government officials said on Thursday.

The U.S. Senate is days away from voting on a measure to suspend the $28.4 trillion debt ceiling and keep federal agencies operating after Sept. 30, the end of the fiscal year..

The White House Office of Management and Budget expects Congress will act in a bipartisan fashion to extend government funding "especially as we continue to confront the pandemic and power an economic recovery," OMB spokesperson Abdullah Hasan said in response to questions.

Consistent with longstanding practice, he said, the OMB was "preparing for any contingency, and determinations about specific programs are being actively reviewed by agencies."

A week before the expiration of funding bills, the OMB is supposed to ask agencies to review and update their shutdown plans, regardless of the prospects of new funding being approved in time, according to an August OMB budget circular.

© Reuters. FILE PHOTO: FILE PHOTO: A general view of the White House in Washington, U.S. July 15, 2021. REUTERS/Jonathan Ernst

Top infectious disease official Dr. Anthony Fauci warned the pandemic made this the worst time for a government shutdown, the Washington Post reported.

“The worst time in the world we want to shut down the government is in the middle of a pandemic where we have 140,000 people a day getting infected and 2,000 people a day dying," the Post quoted Fauci as saying in an interview.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.