US government shuts down in stalemate over Trump's border wall

Author: Adam Button | Category: News

Trump wants $5 billion for a wall

Congressional leaders failed to strike a deal with the White House on Friday and the government partially shut down non-essential services today.

The Senate refused to sign-off on the House border wall funding bill on Friday and at midnight the wind-down began.

About three-quarters of federal government programs are funded through to Sept 30 next year, but the financing for all others - including the departments of Homeland Security, Justice and Agriculture - expired at midnight.

The shutdown means US federal parks will close and 400,000 essential workers will work without pay while another 380,000 will be put on temporary leave. A lasting shutdown could affect US employment numbers for December.

A new Congress convenes on January 3 with Democrats taking control of the House. That will virtually ensure that Trump never gets funding for his wall.

Last week was the worst one for US stocks in a decade and that was partly due to talk of a government shutdown. However markets have been through similar episodes in the past and this is unlikely to be a major drag, even if it persists.

At the same time, it may be indicating a more-combative President, which could spell trouble in the year ahead.

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