US could face another government shutdown risk over spending bills - Axios
|According to reporting by Axios, the US federal government could be pushed into another government shutdown scenario over spending bills.
The self-titled "Freedom Caucus", a collection of far-right adherents within the US legislature, is pushing for a sweeping set of year-long spending restrictions that could trigger a shutdown within the US government.
Key quotes
The House Freedom Caucus is officially pushing a one-year spending stopgap that could trigger a government shutdown if embraced by Speaker Mike Johnson.
In a new letter to Johnson on Wednesday, Freedom Caucus members say they prefer the spending stopgap if they can't get their way on using the budget process to push other policy priorities.
1% across-the-board cuts will start if there's not a new budget by April 30.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.