• About
  • Team
  • Advertise
  • Terms
  • Privacy Policy
  • Contact
INCPak
  • World
  • National
    • Islamabad
    • Azad Kashmir
    • Balochistan
    • Khyber Pakhtunkhwa
    • Gilgit Baltistan
    • Sindh
    • Punjab
    • FATA
  • Automotive
  • Tech
    • Tech News
    • Custom Roms
    • Tips & Tricks
    • INCPak Roms
    • Reviews
    • Phone Reviews
    • Stock ROMs
    • What’s new?
    • Computer Stuff
  • Business
  • Education
  • Entertainment
  • Information
  • Fashion
  • More
    • Fun Time
      • Kids Corner
      • Poems
      • Stories
    • Health
    • Editorial
    • Travel
    • Beauty
    • Food
    • Music
    • Movies
    • Sports
    • Documentaries
    • Personalities
    • History
    • Economy
    • Emergency Numbers
No Result
View All Result
  • World
  • National
    • Islamabad
    • Azad Kashmir
    • Balochistan
    • Khyber Pakhtunkhwa
    • Gilgit Baltistan
    • Sindh
    • Punjab
    • FATA
  • Automotive
  • Tech
    • Tech News
    • Custom Roms
    • Tips & Tricks
    • INCPak Roms
    • Reviews
    • Phone Reviews
    • Stock ROMs
    • What’s new?
    • Computer Stuff
  • Business
  • Education
  • Entertainment
  • Information
  • Fashion
  • More
    • Fun Time
      • Kids Corner
      • Poems
      • Stories
    • Health
    • Editorial
    • Travel
    • Beauty
    • Food
    • Music
    • Movies
    • Sports
    • Documentaries
    • Personalities
    • History
    • Economy
    • Emergency Numbers
No Result
View All Result
INCPak
No Result
View All Result

10 ways US Government shutdown will hurt America

by FIA
Oct 2, 2013
in Featured, Information, World
0

10 ways US Government shutdown will hurt America – In remarks made by Obama Monday evening the President struck a defiant note on the healthcare law.

“An important part of the Affordable Care Act takes effect tomorrow, no matter what Congress decides to do today. The Affordable Care Act is moving forward. That funding is already in place. You can’t shut it down.”

In another pointed remark aimed at Republicans tying Obamacare to the government shutdown the President essentially accused lawmakers of political blackmail.

“You don’t get to extract a ransom for doing your job, for doing what you’re supposed to be doing anyway, or just because there’s a law there that you don’t like.”

1 Countdown to US default looms

A halt of US government operations would drag the world’s biggest economy closer to bankruptcy, something unprecedented in US history. If no budget deal is done, the US would bump up against their“debt ceiling”  and run out of money by October 17. By then, the US government would have less than $30 billion cash on hand, Treasury Secretary Jacob Lew has calculated.

2 Hundreds of thousands of federal employees on furlough

A one-time layoff of 800,000 people working for the US government would erode the earlier projected economic growth of 2.5 percent for the fourth quarter of 2013 by about 0.32 percentage points, according to a forecast by Mark Zandi, chief economist and co-founder of Moody’s Analytics. That projection assumes a two-week shutdown. If it drags into a whole month, the loss of GDP would rise to 1.4 percentage points.

3 Troops’ paychecks stopped

About 1.4 million military active-duty personnel would keep on working, but with their paychecks delayed. Approval for troops’ paychecks is dependent on Obama’s proposed 2014 federal budget being passed by Congress.

4 Women and children’s nutrition program threatened

Pregnant women and new moms who are poor and facing “nutrition risk” won’t be able to buy healthy food, as a looming shutdown would put bracers on the $6 billion Special Supplemental Nutrition Program for Women Infants and Children (WIC).

5 $85 billion in cuts to federal programs

When a shutdown was last threatened in March 2013, it would have resulted in $85 billion in automatic cuts in spending on federal programs – many aimed at alleviating social hardship. The cuts, known as sequestration, would affect grants to local organizations and funds that keep those programs running.

6 Housing loans halted

US federal programs that provide for about 30 percent of all new loans in the housing market – a backbone of the country’s economy – will be shut down. Government funding of new businesses will also be halted, as well as workplace health and safety inspections.

7 Trade talks scuppered?

US plans to have a Pacific trade deal, the Trans Pacific Partnership, signed with the US’s Asian partners could stall, as Obama may decide not to travel to this weekend’s Bali, Indonesia meeting of the Asia-Pacific Economic Cooperation nations. While he could still go if no deal is done by then, it could be a gift for his Republican opponents if Obama was seen to be jetting off to a tropical paradise at a time when federal employees were sent home without pay.

8 Visa delays likely

Thousands of Americans may not be able to get passports for foreign travel, and tourists travelling to the US will likely face delays in visa processing. During the last government shutdown in 1996-97, some 20,000-30,000 applications remained unprocessed daily.

9 Space program on hold

Space agency NASA will be hit the most, as the agency will need to furlough about 97 percent of its employees, though it will continue to keep workers at Mission Control in Houston and elsewhere to support the International Space Station, where the two NASA astronauts currently on board, Michael Hopkins and Karen Nyberg, may not know whether they have jobs to come back to.

10 National parks, museums and zoos would close to the public

State-funded museums, art galleries and zoos across the country would keep their doors closed Tuesday, leaving thousands of employees furloughed and visitors unable to see attractions. US national parks, from Yosemite to the Shenandoahs, as well as Washington’s National Mall, Lincoln Memorial and Constitution Gardens, would also be closed.

Enhanced by Zemanta


Tags: Asia-Pacific Economic CooperationBarack ObamaGovernment shutdownInternational Space StationObamaPatient Protection and Affordable Care ActUnited StatesUS government
Share5TweetSend

Related Posts

NADRA PAK ID Mobile App, PAK ID Mobile App, NADRA App
Information

NADRA Launches Next Gen ‘PAK ID Mobile App’

Mar 24, 2023
Ajman Sehri Timing, Ajman Iftar Timing, Ajman Sehri Time, Ajman Iftar Time, Ramadan 2023, Ramadan 2023 Calendar, Ramazan 2023
Information

Sehri & Iftar Time in Ajman – Ramadan Calendar 2023

Mar 23, 2023
Al Ain Sehri Time, Al Ain Iftar Time, Ramadan Calendar 2023, Ramadan 2023
Information

Sehri & Iftar Time in Al Ain – Ramadan Calendar 2023

Mar 23, 2023
Los Angeles Sehri Time, Los Angeles Iftar Time, California Sehri Time, California Iftar Time, Ramadan Calendar 2023, Ramadan 2023, Ramazan 2023
Information

Los Angeles Sehri & Iftar Time – Ramadan Calendar 2023

Mar 23, 2023
Seattle Sehri Time, Seattle Iftar Time, Ramadan Calendar 2023, Ramadan 2023, Ramazan 2023
Information

Seattle Sehri & Iftar Time – Ramadan Calendar 2023

Mar 23, 2023
Toronto Sehri Time, Toronto Iftar Time, Ramadan Calendar 2023, Ramadan 2023, Ramazan 2023
Information

Toronto Sehri & Iftar Time – Ramadan Calendar 2023

Mar 23, 2023
Hamilton Iftar Time, Hamilton Sehri Time, Ramadan Calendar 2023, Ramadan 2023, Ramazan 2023
Information

Hamilton Sehri & Iftar Time – Ramadan Calendar 2023

Mar 23, 2023
Vancouver Sehri Time, Vancouver Iftar Time, Ramadan Calendar 2023, Ramadan 2023, Ramazan 2023
Information

Vancouver Sehri & Iftar Time – Ramadan Calendar 2023

Mar 23, 2023
Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest News

  • Gold Rate in Dubai UAE Today – 25 March 2023
  • Gold Rate in Pakistan Today – 25 March 2023
  • United Electric Motorcycles Launched in Pakistan
  • JDC’s Zafar Abbas Calls For Fruit Boycott to End Profiteering
  • NADRA Launches Next Gen ‘PAK ID Mobile App’
  • Toyota Pakistan Shuts Down Production Once Again
  • LHC Extends Restaurant Timings During Ramadan
  • Benazir Kafalat Program 2023 Stipend Increased to Rs8,500
  • Banks to Remain Open on Saturday and Sunday to Collect Hajj Applications
  • Gold Rate in Dubai UAE Today – 24 March 2023

INCPak Official logo

INCPak Official Logo
Independent News Coverage Pakistan (INCPAK) delivers the latest updated news on Current Affairs, Business, Sports, Entertainment, and Technology in Pakistan

Trending

  • Petrol Prices in Pakistan
  • USD to PKR Rates
  • MTMIS – Online Vehicle Verification
  • Ehsaas Program
  • Punjab Rozgar Scheme
  • Naya Pakistan Housing Program
  • Mera Pakistan Mera Ghar Loan
  • About
  • Team
  • Advertise
  • Terms
  • Privacy Policy
  • Contact

© 2023 Independent News Coverage Pakistan - Site is Powered by INCPak Team INCPak Team.

No Result
View All Result
  • World
  • National
    • Islamabad
    • Azad Kashmir
    • Balochistan
    • Khyber Pakhtunkhwa
    • Gilgit Baltistan
    • Sindh
    • Punjab
    • FATA
  • Automotive
  • Tech
    • Tech News
    • Custom Roms
    • Tips & Tricks
    • INCPak Roms
    • Reviews
    • Phone Reviews
    • Stock ROMs
    • What’s new?
    • Computer Stuff
  • Business
  • Education
  • Entertainment
  • Information
  • Fashion
  • More
    • Fun Time
      • Kids Corner
      • Poems
      • Stories
    • Health
    • Editorial
    • Travel
    • Beauty
    • Food
    • Music
    • Movies
    • Sports
    • Documentaries
    • Personalities
    • History
    • Economy
    • Emergency Numbers

© 2023 Independent News Coverage Pakistan - Site is Powered by INCPak Team INCPak Team.