Start Trading Now Get Started
Table of Contents
Affiliate Disclosure
Affiliate Disclosure DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker's track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.

US Government Shutdown

By Dr. Mike Campbell
Dr. Mike Campbell is a British scientist and freelance writer. Mike got his doctorate in Ghent, Belgium and has worked in Belgium, France, Monaco and Austria since leaving the UK. As a writer, he specialises in business, science, medicine and environmental subjects.

The US Government has been in a partial shutdown since last month because law makers failed to pass a budget which contained a contentious element of funding for President Trump’s promised border wall between the USA and its southern neighbour, Mexico (it would appear that his campaign promise that the wall would be paid for by Mexico has been conveniently forgotten). The wall, as much symbolic as physical, is intended to secure the US southern border and against illegal incursions from undocumented, economic migrants seeking work and a better life in the USA. It is a highly divisive topic.

As a result of the recent mid-term elections, the Democrats have lost control of the Senate, but retaken control of the House. With incoming law makers just sworn in, the budget passes back to the (now Democrat controlled) Congress. The current budget, opposed by the Democrats, sees $5 billion allocated for the construction of the border wall. Mr Trump is due to resume talks with leaders of both parties on the budget later today (Friday).

The new Congress has passed a vote to end the government shutdown, by passing a budget, but as it excludes the wall funding element, it is likely to be vetoed by Mr Trump before it is passed to the Senate (now Republican controlled). In the unlikely event it did pass, funding would be available to run various federal agencies until September and Homeland Security until early next month.

The current partial shuttering of government is the fourth in history and already the longest and the first to bridge the gap between two different Congresses. As a result, roughly 25% of the federal government is unfunded. This has hit nine departments including Agriculture, Commerce, Treasury, the interior, Justice and Homeland Security. It has seen 800000 or so federal employees “furloughed” (laid off, to you and me) sent home without pay or continuing to work pro bono. Some National Parks are running without the safety afforded by their staff and Native American tribes are being deprived of the federal funding which they are entitled to and heavily reliant on.

The incoming speaker of the House, Nancy Pelosi, described the wall project as “an immorality”, so it seems the dispute could run for quite some time yet.

Dr. Mike Campbell
About Dr. Mike Campbell
Dr. Mike Campbell is a British scientist and freelance writer. Mike got his doctorate in Ghent, Belgium and has worked in Belgium, France, Monaco and Austria since leaving the UK. As a writer, he specialises in business, science, medicine and environmental subjects.
 

Most Visited Forex Broker Reviews