Government shutdown: Everything investors need to know
There is a deadline of midnight on September 30th for Congress to pass a spending bill or the U.S. government will be shut down again. Is another government shutdown inevitable, or is there a compromise that can be made to avoid it? Yahoo Finance spoke to several members of Congress to break down everything you need to know about a potential government shutdown.
Rep. Carlos Giménez, R-Florida still has hope that Congress can avoid a shutdown. Giménez said, "We understand what a shutdown means to the government, to the American people. I certainly don't want that." Giménez added that he hopes "during this weekend we can come to some solution, then come back and work it through."
Sen. Jeff Merkley, D-Oregon, believes that "the odds of a shutdown are increasing." Merkley said, "It's certainly a crazy impact, probably an impact on the markets, an impact on the economy, an impact on all of the government operations essential to keep society humming along."
Senator Chris Van Hollen, D-Maryland, thinks that the "real problem right now is Speaker McCarthy continues to be really led around by a very far-right, extreme contingent." Van Hollen added, "The question is whether he (Speaker of the House Kevin McCarthy) will put the country before his own interests and move forward in that way."
00:00:03 - Rep. Carlos Giménez, R-Floria
00:00:27 - Sen. Jeff Merkley, D-Oregon
00:00:59 - Sen. Chris Van Hollen, D-Maryland
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