Moody's warns US government shutdown bad for country's credit

Credit: IndiaTimes- Published on September 26, 2023
Credit rating agency Moody's has warned that a US government shutdown would harm the country's credit. This comes after Fitch downgraded the US due to a debt ceiling crisis. Without funding from Congress, government services would be disrupted and federal workers furloughed. Moody's analyst William Foster stated that political...

Video credit: Wibbitz Top Stories
Published on September 27, 2023 -  01:31
How Would a Government Shutdown Affect the US?
How Would a Government Shutdown , Affect the US?. If Congress does not allocate government funding for the fiscal year beginning Oct. 1. 438 government agencies will not be able to continue normal operations, Reuters reports. . Here is how several government agencies could be affected:. Military, While U.S. military personnel would stay at their posts, nearly half of the Pentagon's civilian staff would be furloughed and payments to defense contractors could be delayed. Military, While U.S. military personnel would stay at their posts, nearly half of the Pentagon's civilian staff would be furloughed and payments to defense contractors could be delayed. Law Enforcement, Federal law enforcement agencies and prison staffers would stay on the job. Criminal prosecutions would continue, but civil litigation would not. Federal Courts, Federal courts have funds to stay open until Oct. 13. The Supreme Court would remain open. Federal Courts, Federal courts have funds to stay open until Oct. 13. The Supreme Court would remain open. Congress, Lawmakers will still get paid, while other federal workers will not. Health, The CDC will keep monitoring disease outbreaks, but half of its staff would be furloughed. The NIH would furlough the majority of its staff. Health, The CDC will keep monitoring disease outbreaks, but half of its staff would be furloughed. The NIH would furlough the majority of its staff. FDA food safety inspections would also be delayed, and inspections at drinking water and chemical plants would halt. Social Security and Other Benefits, The SSA will keep issuing benefits. Military veterans will also retain their benefits. . However, Women, Infants and Children (WIC) benefits would be cut within a matter of days. Supplemental Nutrition Assistance Program (SNAP) benefits would be issued as normal for October but could change after that

You are here


Related videos from verified sources

Demonrats Press Conference on the Government Shutdown - RANT INCOMING
Credit: Rumble - Published on September 30, 2023 


National Parks to Close Amid Government Shutdown 01:31
Credit: Wibbitz Top Stories - Published on September 29, 2023 


Biden Administration Proposes New Plan to Help Americans With Medical Debt 01:31
Credit: Wibbitz Top Stories - Published on September 22, 2023 


You might like