IMF seeks consensus to avoid US administrative closure

The IMF called this week for both Republicans and Democrats to reach an agreement as soon as possible

In an urgent call, the International Monetary Fund (IMF) urged Democrats and Republicans on September 28 to reach a consensus and thus avoid the closure of the US Administration.

Julie Kozack, director of communications at the IMF, in a press conference, appealed to the “common sense” of both parties to reach an agreement to finance the Administration, stressing that the closure represents an “avoidable risk” for the US economy.

A group of Republicans loyal to former President Donald Trump (2017-2021) is in full rebellion and is reluctant to accept a short-term solution that extends funding for federal agencies beyond September 30, the date on which funds run out. Funds available.

If the public administration runs out of funds, most government agencies, museums and national parks will close their doors, while hundreds of thousands of federal employees will be temporarily left without jobs or pay, a situation that could have an impact on the economy.

The Senate must vote on the proposal agreed upon by Democrats and Republicans to finance the Government until mid-November, which would avoid a shutdown starting next week.

The Senate measure includes $6 billion for Ukraine and another $6 billion to fund environmental emergency response services.

However, the proposal also needs the support of the Lower House, which is under conservative control and where a group of dissident Republican congressmen refuses to accept a short-term solution to fund federal agencies.

K. Tovar

Source: Bancaynegocios

(Referential image source: Andy Feliciotti, Unsplash)

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