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The U.S. government shutdown continues! The tide of wage cuts has not yet subsided, and another 42 million people may be without food

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Hello everyone, today XM Forex will bring you "[XM Forex Official Website]: The U.S. government shutdown deadlock continues! The wave of wage cuts has not subsided, and another 42 million people may be without food." Hope this helps you! The original content is as follows:

The U.S. government shutdown has entered its 28th day. Republican and Democratic lawmakers are still deadlocked in seeking a government funding solution, unable to end the government shutdown that has become the second longest in U.S. history.

For the 13th time on Tuesday (October 28), local time, the Senate rejected the temporary appropriation bill proposed by the Republicans, which was intended to allow the federal government to resume operations until November 21. The bill once again failed to pass with 54 votes in favor and 45 votes against, requiring 60 votes in favor to proceed to the next step. All members maintained their previous voting positions.

The longest shutdown occurred during President Trump’s first term, lasting 35 days from December 2018 to January 2019.

Vance attended the Senate Republican luncheon on Capitol Hill

U.S. Vice President Vance arrived at Capitol Hill after 1 pm local Eastern time on October 28 and had a closed-door lunch with Senate Republicans.

Faced with shouting questions about the shutdown, he did not respond, but said when entering: "We will talk about the task soon."

After the Senate rejected the temporary funding bill proposed by the Republicans for the 13th time, Vance was negotiating with members of Congress.

Twenty-five states and Washington, D.C., are suing the Trump administration over SNAP benefits

On Tuesday, more than two dozen states and the District of Columbia jointly filed a lawsuit in Massachusetts, accusing the Trump administration of actions that led to the imminent interruption of Supplemental Nutrition Assistance Program (SNAP) benefits during the government shutdown.

About 42Millions of Americans are about to lose SNAP benefits when federal funding is cut off on November 1. The U.S. Department of Agriculture (USDA) said it will not use emergency funds to provide life-saving money for the program.

States are seeking court orders to force the USDA to use all available funds to ensure normal payment of SNAP benefits in November.

The lawsuit states: "Suspension of Supplemental Nutrition Assistance Program benefits under these circumstances violates the law and constitutes arbitrary and arbitrary conduct as defined in the Administrative Procedure Act. USDA's suspension of SNAP benefits is causing irreparable harm to plaintiff states - damage that continues to intensify with every day that benefits are delayed."

Participate in the lawsuit. States under the Trump administration include: Arizona, California, Colorado, Connecticut, Delaware, Hawaii, Illinois, Kansas, Kentucky, Maine, Maryland, Massachusetts, Michigan, Minnesota, Nevada, New Jersey, New Mexico, New York, North Carolina, Oregon, Pennsylvania, Rhode Island, Vermont, Washington, Wisconsin and the District of Columbia.

Vance said that the troops will pay their troops on Friday and express their views on the Supplemental Nutrition Assistance Program

U.S. Vice President Vance met behind closed doors with Republican senators for about 40 minutes. The government shutdown was one of the topics discussed, but no changes in strategy appeared to be proposed.

Vance said: "I think there is a high level of consensus within the Republican Party on this - we have to get the government back up and running. The government needs to be open and operating, and now it's just up to Democrats to really embrace that and vote with us."

Vance said he believes the government can continue to pay military pay this Friday.

He said: "Yes, we believe we can continue to pay troops on Friday. Unfortunately, we can't pay everyone because the Democrats have handed us a bad hand. That is one of the reasons why there are layoffs in some positions in the federal government. At this time, we do think we can continue to pay Troops are being paid, but food stamp benefits are going to run out in a week. We are trying to keep as many programs running as possible, and now we just need a real helping hand from Democrats." Regarding the SNAP program, which will run out of funds on November 1, Vance was asked why the government does not use emergency funds to maintain the program.

Vance said: "We are trying to be as open as possible and exploring all possibilities. There are restrictions on the use of these funds and their uses are clearly defined."

He added: "We are doing our best to ensure that critical food benefits are paid, that our troops are paid... If the Democrats do this Just keep the government open, so we don't have to play this game - you know, just try to squeeze the budget, because we have very limited funds at our disposal, but we have to cover an extremely wide range of areas."

Schumer said that the Democratic Party will introduce a bill to extend SNAP and WIC funding

The minority leader of the U.S. Senate.Chairman Chuck Schumer said the U.S. federal government shutdown may last until November, when millions of people will face high health insurance costs due to the expiration of tax credits under the Affordable Care Act. Hundreds of thousands of federal workers have been furloughed, others are working without pay, and federal food aid is ending.

Schumer asked Republicans to "sit down and negotiate with us" to end the government shutdown and address the health care crisis.

Schumer said this when asked about his strategy to reopen the government: "Listen, by November 1st, people in more than 30 states are going to be shocked when they see the bills and they are going to cry out. I believe there will be more pressure on Republicans to negotiate with us."

When asked about the American Federation of Government Employees calling on lawmakers to pass a clean continuing resolution to reopen Washington When the District of Columbia is running, Schumer said: "We can and must do both - keep federal employees paid while negotiating ways to ease the pain of Americans in the health care crisis." Schumer said Senate Democrats will introduce a bill to extend funding for the Supplemental Nutrition Assistance Program and the Women's and Infants Nutrition Program to "ensure that no child goes hungry."

He said: "Trump is not even in the United States, and Republicans in the Senate are repeating the same failed strategy that has plunged the United States into despair. The American people are on the brink of a medical crisis the likes of which we have never seen in our lifetime."

Schumer said: "Republicans are doing nothing. We are on the brink of a historic crisis, and the Republican Party is not even willing to talk to us. Trump is not even in the United States."

He said Trump's "first priority" is to decorate the new White House ballroom. He added: "Can you believe it? You can't make this up when people are suffering. What kind of president is this?"

Large-scale layoff plans during the shutdown were once again blocked by the judiciary

On October 28, local time, U.S. Federal Judge Susan Elston made a further ruling at a hearing in San Francisco, extending the judicial injunction against the Trump administration's plan to massively lay off thousands of federal employees during the partial shutdown.

The temporary injunction requires nearly 40 federal agencies to impose a www.xm-forex.comprehensive moratorium on layoffs while lawsuits filed by federal employee unions are pending. This ruling is another restriction on administrative power by the judicial system after a federal judge in San Francisco halted layoff measures on October 15.

The U.S. dollar is under pressure from political risks and economic uncertainty

A prolonged government shutdown is seen as a clear signal of U.S. political dysfunction. International investors' confidence in the political stability and governance capabilities of the United States will be frustrated, which may lead to capital outflows from the U.S. market, thus putting pressure on the dollar. Schumer's remarks accusing "Republicans of doing nothing" only exacerbated the market's negative political perception.

The shutdown has left hundreds of thousands of federal employees working without pay or on furlough, while massive food assistance has been disrupted, which will directly drag down consumer confidence and household spending. SNAP welfare affects low-income groups, which have the highest marginal propensity to consume. The interruption of this welfare may have a greater immediate impact on consumption than expected. Consumption is the cornerstone of the U.S. economy, and its bleak outlook will weaken market expectations for the U.S. economy and interest rates, which is negative for the dollar.

The shutdown impasse foreshadows more intense battles ahead on more important issues, such as raising the debt ceiling. This policy uncertainty is an important driver of dollar weakness.

The current government shutdown is exerting downward pressure on the US dollar through two paths: "political risk" and "economic uncertainty." While the safe-haven nature of the dollar may provide sporadic support, it will be difficult to reverse the decline without triggering a global market panic. As the shutdown reaches a critical point, its negative impact on the dollar may deepen.

The U.S. dollar index fluctuated within a narrow range around 98.77 on Wednesday. The U.S. dollar index has shown a downward trend recently and may still tend to fluctuate and run weakly in the short term.

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The U.S. government shutdown continues! The tide of wage cuts has not yet subsided, and another 42 million people may be without food

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The U.S. government shutdown continues! The tide of wage cuts has not yet subsided, and another 42 million people may be without food

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