US government economic crisis: America is currently facing a serious economic crisis. The country does not have enough money left to pay salaries to its government employees. The situation is close to shutdown. To raise funds, a bill was presented in the US Parliament on Thursday (December 19) night, which was supported by President Donald Trump. However, this bill failed in Parliament.
A bill was introduced in Parliament on Thursday night with the aim of stopping the shutdown. This proposed bill was supported by Trump. However, opposition Democrats strongly opposed it and voted it down. The Democrats did not want to give any political benefit in the first year of Trump’s tenure, due to which they opposed this bill.
Opposition in Trump’s party too
The bill was opposed not only by the Democrats, but also by some MPs of Trump’s Republican Party. This bill was rejected in Parliament by a margin of 174-235. Even 38 MPs of the Republican Party voted against it.
Why is it important to pass the bill?
America needs funds to meet its expenses. This fund is raised through debt, for which a bill is passed in the Parliament. This time the proposed bill was introduced with the support of Trump, but it could not be passed. This means that the US government will not be able to get the necessary funds for its expenses. The government meets the salaries and other administrative expenses of government employees from this fund. If the bill is not passed, government work will stop and a shutdown situation will occur.
Shutdown threat and time limit
The government has time till Friday night to stop the shutdown. If this bill is not passed on time, a shutdown will be declared in America. This will have a direct impact on the American economy and administration.
proposal to provide funds
The bill proposed to provide funds for government expenses till March. In addition, there was a plan to provide $100 billion for disaster relief and to increase the debt ceiling for two years. Last time when a similar bill was presented, Trump and Elon Musk had opposed it.
Possible impact of shutdown
If there is a shutdown, the entire federal system of America will be affected.
- Impact on government employees: About 20 lakh government employees will not get their salaries and will be sent on leave.
- Institutions closed: Many government institutions will have to be temporarily closed.
- Airport Traffic: You will have to face heavy traffic at the airport.
- Essential services will remain operational: Only employees of law and security related departments will work.