According Algérie 360.com,
Hundreds of thousands of American officials begin , Monday, Sept. 30 , their work week without knowing whether they will return to work the next day. The parliamentarians effect until midnight to agree on a provisional budget and prevent a partial paralysis of the federal state .
The Senate reconvened at 20 am ( Paris ) and should , in all likelihood reject a draft budget law adopted in the night from Saturday to Sunday by the House of Representatives delayed a year reform health system advocated by Barack Obama. Negotiations between Republicans and Democrats would then be returned to the square , less than ten hours of the start of the 2014 fiscal year.
A possible outcome could occur Monday night in the final hours before the deadline , but many say they do not believe it. This would be the first shutdown , that is to say, the "closing" of the U.S. government agencies , since the winter of 1995-1996 , under the presidency of Bill Clinton. It lasted three weeks and put 800,000 people laid off.
Read also: " Obama to Congress : ' Do not close the state! ' "
In this case, spending on public safety and national security are supported , as well as social spending such as Medicare and Social Security , which benefits the elderly. Overview of the main negative consequences of a government shutdown :
Federal employees:
Up to a million federal employees can be technically unemployed APARTIR October 1st. Only a small number continue to work , including air traffic controllers or prison guards . Employees Congress could work at the express request of the member or the board that employs them.
In the past , Congress has paid the day of layoffs of federal employees. They are required to do any work during their forced leave, under penalty of severe sanctions. In 1995-1996 , over 200,000 passport applications were not processed during the closure period .
Financial Markets :
The publication of a number of statistics is blocked and IPOs may be delayed. Companies can always file certain documents with the Securities and Exchange Commission (SEC ) but the stock policeman warned Friday that the processing of applications would be disrupted if shutdown . The SEC plans to maintain only 252 employees 4149 .
army :
Military personnel continue its operations, but a large number of civilian employees would be technically unemployed , according to the Pentagon . The first notice to quit would be sent by October 1 .
Closure less than two weeks would not affect corporatebusiness the defense sector , which could then enter into contractual payments from the government, according to the rating agency Standard and Poor's. Small subcontractors may however suffer when "shutdown " extended.
justice:
Federal courts would remain open for ten days. After October 15, the situation is not clear. The Supreme Court, the fall session begins on October 17 , did not want to comment on the ongoing negotiations , but a spokesman said that in cases of similar figure, the Court continued to function normally.
taxes:
At the Internal Revenue Service, the number of employees would increase from about 95 000 to less than 9000 . Call centers would be closed , and audits suspended.
National museums and parks
One of the most visible aspects would close national parks across the country and museums of Washington , which could result in a negative impact of several million dollars for the tourism sector .
Oil prices:
On Monday, oil prices popped down during Asian trade , in view of the parliamentary deadlock that can paralyze a part of the U.S. economy. A barrel of WTI for November delivery yielded 1.16 U.S. dollar Monday morning , to $ 101.71 , while a barrel of Brent North Sea crude for November delivery lost 82 cents to 107.81 dollars .
A severe impact on the economy
According to calculations published by Goldman Sachs economists , closing administrations would cost about $ 8 billion per week in the U.S. economy. This figure was obtained by examining the consequences of the " shutdown" of 1995.
Hundreds of thousands of American officials begin , Monday, Sept. 30 , their work week without knowing whether they will return to work the next day. The parliamentarians effect until midnight to agree on a provisional budget and prevent a partial paralysis of the federal state .
The Senate reconvened at 20 am ( Paris ) and should , in all likelihood reject a draft budget law adopted in the night from Saturday to Sunday by the House of Representatives delayed a year reform health system advocated by Barack Obama. Negotiations between Republicans and Democrats would then be returned to the square , less than ten hours of the start of the 2014 fiscal year.
A possible outcome could occur Monday night in the final hours before the deadline , but many say they do not believe it. This would be the first shutdown , that is to say, the "closing" of the U.S. government agencies , since the winter of 1995-1996 , under the presidency of Bill Clinton. It lasted three weeks and put 800,000 people laid off.
Read also: " Obama to Congress : ' Do not close the state! ' "
In this case, spending on public safety and national security are supported , as well as social spending such as Medicare and Social Security , which benefits the elderly. Overview of the main negative consequences of a government shutdown :
Federal employees:
Up to a million federal employees can be technically unemployed APARTIR October 1st. Only a small number continue to work , including air traffic controllers or prison guards . Employees Congress could work at the express request of the member or the board that employs them.
In the past , Congress has paid the day of layoffs of federal employees. They are required to do any work during their forced leave, under penalty of severe sanctions. In 1995-1996 , over 200,000 passport applications were not processed during the closure period .
Financial Markets :
The publication of a number of statistics is blocked and IPOs may be delayed. Companies can always file certain documents with the Securities and Exchange Commission (SEC ) but the stock policeman warned Friday that the processing of applications would be disrupted if shutdown . The SEC plans to maintain only 252 employees 4149 .
army :
Military personnel continue its operations, but a large number of civilian employees would be technically unemployed , according to the Pentagon . The first notice to quit would be sent by October 1 .
Closure less than two weeks would not affect corporatebusiness the defense sector , which could then enter into contractual payments from the government, according to the rating agency Standard and Poor's. Small subcontractors may however suffer when "shutdown " extended.
justice:
Federal courts would remain open for ten days. After October 15, the situation is not clear. The Supreme Court, the fall session begins on October 17 , did not want to comment on the ongoing negotiations , but a spokesman said that in cases of similar figure, the Court continued to function normally.
taxes:
At the Internal Revenue Service, the number of employees would increase from about 95 000 to less than 9000 . Call centers would be closed , and audits suspended.
National museums and parks
One of the most visible aspects would close national parks across the country and museums of Washington , which could result in a negative impact of several million dollars for the tourism sector .
Oil prices:
On Monday, oil prices popped down during Asian trade , in view of the parliamentary deadlock that can paralyze a part of the U.S. economy. A barrel of WTI for November delivery yielded 1.16 U.S. dollar Monday morning , to $ 101.71 , while a barrel of Brent North Sea crude for November delivery lost 82 cents to 107.81 dollars .
A severe impact on the economy
According to calculations published by Goldman Sachs economists , closing administrations would cost about $ 8 billion per week in the U.S. economy. This figure was obtained by examining the consequences of the " shutdown" of 1995.
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