The 20-day US federal government shutdown is likely to end this week, White House economic adviser Kevin Hassett said on Monday.
"I think the Schumer shutdown is likely to end this week," White House economic adviser Kevin Hassett said in an interview on CNBC, referring to Senate Democratic leader Chuck Schumer.
Hassett, director of the National Economic Council, said his "friends in the Senate" believe it was "bad optics for Democrats to open the government before the 'No Kings' protests, and that now there's a chance things will improve this week."
Protesters of all ages took to the streets for "No Kings" protests across the United States on Saturday, denouncing what they perceive as the authoritarian tendencies and unchecked corruption of US President Donald Trump.
After the protests ended, Hassett said that if the government shutdown does not end, the White House will consider additional cost-saving measures.
"Basically, we've heard from moderates that, look, we can't do this in the face of 'No Kings' protests. If that turns out not to be true, then I think the White House should carefully consider, along with (White House budget director) Russ Vought, what stronger steps we can take to address this." (alg)
Source: Reuters
The upcoming Supreme Court ruling on the legality of President Donald Trump's massive tariffs, which rocked markets in April, is one of the next major tests for US stocks and bonds. Equity markets ha...
The US seized two Venezuela-linked oil tankers in the Atlantic Ocean on Wednesday, one of which was sailing under a Russian flag, as part of President Donald Trump's aggressive efforts to regulate oil...
France is working with partners on a plan on how to respond should the United States act on its threat to take over Greenland, a minister said on Wednesday, as Europe sought to address U.S. President ...
The world community must make clear that U.S. intervention in Venezuela is a violation of international law that makes the world less safe, the Office of the United Nations High Commissioner for Human...
US President Donald Trump threatened on Friday to come to the aid of protesters in Iran if security forces open fire on them, days after unrest that has killed several people and posed the biggest int...
Oil prices stabilized on Thursday (February 12th), as the market reassigned a risk premium to US-Iran tensions despite US inventory data showing swelling domestic supplies. This movement confirms one thing: geopolitical headlines are still more...
Gold prices weakened slightly on Thursday (February 12th), as more solid US employment data reduced market confidence in an imminent Federal Reserve interest rate cut. The strong employment data prompted market participants to shift expectations of...
The Hang Seng Index reversed its downward trend in Hong Kong on Thursday (February 12th), weakening by around 0.9% to around 27,000 after a strong session earlier. This decline halted the momentum of the short term rally, as investors began to...