Tuesday, October 1, 2013

US Shutdown: Deadline Passes Without Approval

Government workers could be sent home without pay

US politicians have failed to avert a partial shutdown of government services after a deadline to agree how federal money should be spent passed without agreement.
The Democrat-dominated Senate and Republican-controlled House of Representatives refused to back down in a clash over President Barack Obama's controversial healthcare law, known as Obamacare.
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It is the first US shutdown in 17 years, with analysts concerned about its potential impact on Wall Street and other global markets.
In a frank address to the nation as last-ditch efforts to avoid a shutdown continued, Mr Obama warned such an outcome would have a "very real economic impact, right away".


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