Wall Street ends sharply down as traders fret about AI disruption
Wall Street ended sharply lower on Tuesday as investors worried about AI creating more competition for software makers, keeping them on edge ahead of ...
The U.S. government has shut down after Congress failed to approve funding. Non-essential services are on hold, thousands of federal workers are left unpaid, and both parties blame each other for the deadlock.
What is a government shutdown?
U.S. Congress is responsible for approving funding for 438 government agencies before 1 October, the start of the new budget year.
When the deadline to agree on the new budget plan is missed, lawmakers often pass short-term bills to keep the government open while continuing work on a full budget.
Democrats and Republicans frequently disagree on how the money should be spent, and talks often go down to the last minute. If no agreement is reached by the deadline, the government shuts down.
What happens now?
If no deal is reached, non-essential government work comes to a halt. Republicans blame the Democrats for blocking a “fair” bill, while Democrats say they were left out of talks and criticise the bill for excluding key healthcare programmes.
These political disputes have intensified under President Donald Trump, who has cut government agencies, reduced staff, and withheld funds approved by Congress.
Who is affected?
The consequences of a complete shutdown affects the entire country. Non-essential federal operations are suspended, and while essential workers remain on the job, they won’t receive pay.
Thousands more, including those in science, administration, and support roles, are on unpaid leave.
This week, more than 150,000 federal workers are also set to leave after accepting a buyout, the largest exit in 80 years.
Key services such as food aid, preschool programmes, student loan processing, food inspections, and national parks are now on hold. Airlines have warned of possible delays due to reduced staffing.
Republicans and Democrats trade blame
Democrats criticise Republicans for not including additional healthcare subsidies in the spending bill, while President Trump blamed the Democrats, warning that the shutdown could lead to what he described as “irreversible” actions.
Though he didn’t elaborate, Trump has recently discussed downsizing the federal workforce, a move that could materialize as the shutdown continues.
Heavy snow continued to batter northern and western Japan on Saturday (31 January) leaving cities buried under record levels of snowfall and prompting warnings from authorities. Aomori city in northern Japan recorded 167 centimetres of snow by Friday - the highest January total since 1945.
The United States accused Cuba of interfering with the work of its top diplomat in Havana on Sunday (1 February) after small groups of Cubans jeered at him during meetings with residents and church representatives.
Talks with the U.S. should be pursued to secure national interests as long as "threats and unreasonable expectations" are avoided, President Masoud Pezeshkian posted on X on Tuesday (3 February).
Early voting for Thailand’s parliamentary elections began on Sunday (1 February), with more than two million eligible voters casting ballots nationwide ahead of the 8 February general election, as authorities acknowledged errors and irregularities at some polling stations.
At least 12 people were killed and seven wounded after a Russian drone struck a bus carrying miners in Ukraine's southeastern Dnipropetrovsk region, government officials said on Sunday (1 February).
British Prime Minister Keir Starmer spoke to U.S. President Donald Trump on Tuesday and discussed the situation in Ukraine, including the overnight Russian attacks on the country, the UK government said.
U.S. President Donald Trump on Tuesday (3 February) signed a spending deal into law that ends a partial U.S. government shutdown and gives lawmakers time to negotiate potential limits on his immigration crackdown.
U.S. Secretary of State Marco Rubio met on Tuesday (February 3) with Indian Foreign Minister Subrahmanyam Jaishankar one day after the U.S. and India signed a trade deal that slashes U.S. tariffs on Indian goods.
Small Cirrus SR 20 crashed in Littleborough, Rochdale, after taking off from Birmingham Airport
President Donald Trump on Tuesday (February 3) said the U.S. is negotiating with Iran "right now," after Tehran demanded that planned talks be held in Oman not Türkiye, and that the scope be narrowed.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment