Trump against government funding: USA on the brink of shutdown.

President Donald Trump urged lawmakers to reject the government funding bill that is set to be passed by Friday. This could lead to a partial shutdown of government agencies, threatening various services ahead of Christmas. According to Trump's proposal, Congress should pass another spending bill instead of the current one, which he called 'a gift for the Democrats'. The next steps from Congress are still unknown, but bipartisan support is needed to pass any spending bill in both the House of Representatives and the Senate.

Recall that Congress failed to pass the regular spending bill for the current fiscal year, which began on October 1. Currently, government agencies are funded at previous levels, but funding is needed for disaster relief and agricultural assistance. Trump also urged Congress to address the national debt issue by limiting temporary spending and increasing the debt ceiling.

Bond market situation

The USA has been spending more than it earns for over 20 years, leading to increased national debt. The growing debt, which has reached 36 trillion dollars, is forcing lawmakers to seek ways to raise the debt ceiling. According to Trump, failing to raise the debt ceiling could lead to a market collapse and have serious economic consequences.

It is also worth noting that Elon Musk called on Congress to reject the bill and strip positions from those who support it. If Congress does not pass the bill, the government will lose money for its operations as early as Saturday. Reportedly, participants in the negotiations reached an agreement to extend government funding until March 14.