News about shutdown

US shutdown cost $2.0 billion in lost govt output

The 16-day US government shutdown cost 6.6 million in lost workdays for furloughed federal workers, amounting to $2.0 billion in lost productivity, the White House said Thursday in a report.
08 November 2013 11:16

Congress pulls US back from brink, averts default

The United States was spared the ignominy of a disastrous debt default Wednesday when Congress passed a bill extending the nation's borrowing authority and ending a two-week government shutdown.
17 October 2013 10:24

World fears US default, Obama warns

President Barack Obama warned Tuesday that world leaders were nervous Republicans would "blow up" the US economy, and vowed not to budge on his demand for the debt ceiling to be lifted without conditions.
09 October 2013 13:05

Default fears fuel angst in shutdown Washington

The "unthinkable" threat of a US default weighed on Washington Monday, as a standoff over raising the government debt ceiling drowned out angst over a week-long government shutdown.
08 October 2013 13:36

APEC leaders meet in shadow of US shutdown

Asia-Pacific leaders opened an annual economic summit on Monday in the shadow of global growth clouds that are darkening by the day as the United States struggles to shake off policy paralysis.
07 October 2013 18:35

Shutdown forces EU, US to cancel trade deal talks

The second round of scheduled talks between top European Union and American officials to clinch the world's largest trade deal have been cancelled because of the US government shutdown.
05 October 2013 15:00

US military braces for full effect of shutdown

The US government shutdown had no drastic effect on the military Tuesday but if it remains in place everything from ship repairs to combat training will be disrupted.
02 October 2013 19:20

US economy faces hefty hit if government shuts down

A US government shutdown would hit an economy struggling to sustain its post-crisis rebound, but experts say the impact will only be substantial if Washington's political paralysis lasts several weeks.
01 October 2013 19:12

Deadline missed, US slides into government shutdown

The US lurched into a dreaded government shutdown for the first time in 17 years, triggering agency closures and hundreds of thousands of furloughs as Congress missed a deadline to pass a budget.
01 October 2013 12:12

Do or die as US, Congress face government shutdown

Lawmakers have one final day to try to prevent the first US government shutdown in 17 years, but a deal appeared remote Monday as congressional leaders showed little intent to compromise.
30 September 2013 12:00

Hurricane forces three US reactors shut

Three US nuclear power reactors remained shut down and a fourth on alert Tuesday after Hurricane Sandy wreaked havoc with transmission networks and high waters threatened cooling systems.
31 October 2012 16:17

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