The House of Representatives went into recess on Thursday, likely preventing a bill to fund the federal government from passing before the end of the month deadline. House Republican leaders including Speaker McCarthy are struggling to unite their caucus around a short-term funding bill to avoid a government shutdown. Republicans want broad budget cuts and policy provisions like on border security, while Democrats support levels agreed last summer and money for Ukraine aid. Investors are concerned that a shutdown could reduce economic growth and undermine confidence in the U.S. government's functioning ability.
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00:00 It's Benzinga and here's what's on the block.
00:02 The House of Representatives went into recess on Thursday, likely preventing a bill to fund
00:06 the federal government from passing before the end of the month deadline.
00:10 House Republican leaders, including Speaker McCarthy, are struggling to unite their caucus
00:13 around a short-term funding bill to avoid a government shutdown.
00:17 Republicans want broad budget cuts and policy provisions like on border security, while
00:20 Democrats' support levels agreed last summer and money for Ukraine aid.
00:25 Investors are concerned that a shutdown could reduce economic growth and undermine confidence
00:28 in the U.S. government's ability to function properly.
00:31 For all things money, visit Benzinga.com.
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