WASHINGTON—The United States was just hours from a potentially devastating shutdown of key federal government agencies Monday as lawmakers failed to agree stopgap budget measures. With eight hours left before a midnight (0400 GMT) deadline, a vote by the Democrat-led Senate to reject the Republican lower house's latest bill put paid to hopes of compromise. Both sides blamed the other for the impasse, which will trigger a freeze in spending that President Barack Obama has warned could have catastrophic effects on the shaky economic recovery, and cost thousands of jobs. As hundreds of thousands of government employees faced the prospect of being...
Keep on reading: US Senate rejects House budget, shutdown imminent
No comments:
Post a Comment