Friday, 17 September 2021 (YJC)_ As the fiscal year draws to a close in the United States, the possibility of a government shutdown is once again growing.
As September 30, the end of the US government fiscal year, approaches, the debate over the possibility of a US shutdown again has heated up.
If the US Congress does not reach an agreement on government funding before September 30, the closure of the government will affect Joe Biden this time.
The last time the US government was shut down was in late 2018, which lasted 35 days until January 2019. The shutdown, which took place during Donald Trump's presidency, was the longest federal shutdown.
This year, Democrats and Republicans in Congress must also pass a bill to raise the government's debt ceiling. US Treasury Secretary Janet Yellen has said that if Congress does not take "extraordinary steps" to fund the government, it will cause irreparable damage to the US economy and world financial markets.
The US government's budget bills are scheduled, and if the next budget is not approved by the deadline, the government will go into a state of suspension. This has led governments and various branches of Congress to use these deadlines as leverage to approve their policies and plans.
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