Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.
BREAKING NEWS

Three days and counting - when will the US shutdown end?

Three days and counting - when will the US shutdown end?
Euronews logo
Text size Aa Aa

As the US government shutdown continues with little sign of compromise between the Republicans and the Democrats – euronews got the latest insight on the crisis from our Washington correspondent Stefan Grobe.

Sarah Chappell, euronews: We’re three days into the shutdown now – and it doesn’t seem like the US government has made much headway towards ending the budget crisis. Is there an end in sight?

Stefan Grobe, euronews: We’re not seeing any movement at all. The key player here is John Boehner, the Republican Speaker of the House. He has the power to bring a clean temporary funding bill with no strings attached to the floor – and that would pass because the Democrats and a sufficient number of Republicans would vote for it.

But Boehner isn’t doing that for now, because it would lead to a revolt of the right wing of the Republican party that would probably cost him his speakership.

Sarah Chappell, euronews: With no federal budget in place, what’s the impact across the wider economy? All those federal workers are on unpaid leave of course – but what about other Americans?

Stefan Grobe, euronews: Well, here’s the thing – if you don’t work for the federal government, you’re not feeling a big economic hit from this week’s shutdown.

But the longer it [the shutdown] persists, the more the shutdown will reverberate across the economy, dampening consumer spending – even gumming up the housing market.

The first signs of a major economic distress will probably crop up in the Washington DC area if furlough workers start pulling back on spending – but from there it will spread to the rest of the country.