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WASHINGTON, Sept 29 (Reuters) - A government shutdown that could start this weekend would "undermine" U.S. economic progress by idling key programs for small businesses and children, and could delay major infrastructure improvements, U.S. Treasury Secretary Janet Yellen said on Friday.
Yellen said in remarks at the Port of Savannah in Georgia that it was crucial that Republicans in the House of Representatives take action to keep the government open and adhere to a budget deal agreed in late May.
A shutdown of broad parts of the government would start on Sunday as the new fiscal year starts without new spending legislation from Congress. Chances of a shutdown increased on Thursday as the House pursued partisan spending cuts and the Senate advanced separate legislation to temporarily extend spending.
https://www.reuters.com/world/us/us...y-risk-resilient-economy-brainard-2023-09-29/
Yellen said in remarks at the Port of Savannah in Georgia that it was crucial that Republicans in the House of Representatives take action to keep the government open and adhere to a budget deal agreed in late May.
A shutdown of broad parts of the government would start on Sunday as the new fiscal year starts without new spending legislation from Congress. Chances of a shutdown increased on Thursday as the House pursued partisan spending cuts and the Senate advanced separate legislation to temporarily extend spending.
https://www.reuters.com/world/us/us...y-risk-resilient-economy-brainard-2023-09-29/