الكونغرس الأميركي.. هل ينقذ الولايات المتحدة من إغلاق حكومي؟
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00:00 Does the US Congress save the United States from a government shutdown?
00:05 First, what does a government shutdown mean?
00:08 A government shutdown does not mean the suspension of all US federal agencies funded by the US government.
00:16 It means the suspension of all unnecessary agencies, according to the US government.
00:22 To avoid this, the US Congress and the US Senate have reached an agreement on a $1.6 trillion union funding to avoid a government shutdown and partial government shutdown.
00:37 Partial government shutdown means 25% of the size of the federal agencies' funding.
00:44 It is also important to note that the US entered the 2019 presidential election in the longest period of a government shutdown in the presidency of former President Donald Trump.
00:52 To avoid this, we reach an agreement on $886 billion for military spending and $704 billion for non-defensive spending.
01:04 But the Republicans form the majority in the House of Representatives, and the Democrats support the Senate.
01:13 The Democrats want to reduce spending by $16 billion to reduce poverty and public debt.
01:24 But the Democrats want to support the economy through spending at the moment and put a long-term plan to reduce spending.
01:34 Therefore, the two parties reached an agreement on $10 billion in mandatory funding for the tax service and $6 billion for the coronavirus fight, which has not been used.
01:47 They reached this agreement before the deadline to avoid a shutdown on January 19, 2024.
01:55 But how will Wall Street be affected if a shutdown occurs?
02:05 It will be based on the SEC's 90% permission to grant a leave to 4,600 employees.
02:10 Most of its activities are related, leaving a small number of employees to respond to emergencies.