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US shutdown

Possible scenarios on how US shutdown might play out

WASHINGTON: As the partial US government shutdown neared the end of its 19th day, President Donald Trump and congressional Democrats were still divided over his demands for funding a US-Mexico border wall, with a prompt resolution looking unlikely. The following are some possible scenarios for how the impasse might play out, with Trump’s request for $5.7 billion in taxpayer funds for his wall firmly opposed by congressional Democrats: A compromise emerges As ordinary Americans begin to feel the impact of the closure of…

No breakthrough in US shutdown talks, Pelosi plans new legislation

WASHINGTON: US House Speaker Nancy Pelosi said Democrats would pass new legislation to try to reopen parts of the government next week after talks between the Trump administration and Democratic negotiators on Saturday failed to end a two-week partial government shutdown. President Donald Trump is demanding $5.6 billion to build a wall along the US border with Mexico but Democrats in control of the House of Representatives this week passed a bill to reopen the government without providing additional funding for the wall.…

Markets far from merry as stock losses extend into seventh day

LONDON: World stocks were set for their seventh straight day of losses on Monday, as investors nervy about the possibility of a prolonged U.S. government shutdown and a worsening global economy opted for the safety of bonds and gold. MSCI’s world equity index .MIWD00000PUS, which tracks shares in 47 countries, was 0.15 percent lower on the day and down almost 7 percent in the past seven sessions — its worst stretch of daily losses since January 2016. The index is also just off its lowest level since March 2017. “There…