As the deadline for a potential government shutdown in the United States approaches, the political atmosphere in Washington is becoming increasingly tense. With less than two days remaining until October 1, there is still no consensus among the parties regarding the budget issue.



Latest news shows that the leaders of both houses of Congress have held talks with the President on several key issues, but failed to make substantial breakthroughs. There are serious differences between the two sides on issues such as the extension of healthcare subsidies and tax policy, and negotiations have reached an impasse.

The Vice President publicly stated that the government is on the brink of a shutdown. If an agreement cannot be reached in a timely manner, a large number of civil servants will face the predicament of being unpaid. More seriously, the release of important economic data may be affected, which will bring significant uncertainty to the market and policymakers.

The president has taken a tough stance, warning that if the government truly shuts down, there may be measures for large-scale permanent layoffs of federal employees. This statement undoubtedly exacerbated tensions among all parties.

It is worth noting that if this shutdown becomes a reality, it will be the first time since 2018-2019 that the U.S. government has found itself in such a predicament. The last shutdown occurred during the president's first term and lasted for five weeks, which included the New Year holiday.

The current development of the situation is worrying. The government shutdown will not only have a direct impact on public services but may also trigger a chain reaction in the overall economy. All parties need to find a breakthrough within a limited time to avoid potential negative consequences. Both the public and the market are closely watching the progress of the situation, hoping to see a timely and reasonable solution.
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