US Shutdown! What it means?

Background

Under US law a new bill for the funding of the new financial year, must be approved by the House of Representatives,the Senate and   the President.

It’s been 17 years since the federal government last faced a partial shutdown because Congress and the President couldn’t agree on a spending bill.

Fiscal year

In US term is October 1 to September 30

Crisis

Ended midnight of Monday and US declared government ‘Shutdown’ Continue reading