Friday, August 15, 2025

Creating liberating content

Applied Materials shares plunged more than 13% after the semiconductor

A government intervention in struggling chipmaker Intel is “essential” for

Related News

US President Donald Trump is loading another tariff bullet, this time aimed at semiconductor chips and steel.The move, expected to be announced in the coming weaks, could shake the already

Applied Materials shares plunged more than 13% after the semiconductor equipment maker issued weak guidance as it faces demand pressures in China. The company forecasted adjusted earnings of $2.11 per

A government intervention in struggling chipmaker Intel is “essential” for the sake of national security, analyst Gil Luria said Friday, following a report that the Trump administration is weighing taking

India and Singapore held the fourth meeting of their Joint Working Group on Trade & Investment (JWGTI) at Vanijya Bhawan in New Delhi on Thursday, focusing on ways to deepen

PM Modi urges self-reliance in critical minerals & fertilisers India is pushing ahead with plans to achieve self-sufficiency in critical minerals, with exploration already underway at over 1,200 sites, Prime

The next round of negotiations to review the ASEAN-India Trade in Goods Agreement (AITIGA) will be held on October 6-7, 2025, at the ASEAN Secretariat in Jakarta, Indonesia, hosted by

Trending News

JSW Cement, the building materials arm of Sajjan Jindal-led JSW Group, has reduced the size of its upcoming initial public offering (IPO) to Rs 3,600 crore and will open the

The agricultural Gross Value Added (GVA) growth is expected to moderate to 4.5% in the first quarter of FY26, down from 5.4% in the preceding quarter, according to a report

Foreign portfolio investors (FPIs) turned net sellers in the Indian equity market in July, pulling out Rs 17,741 crore amid rising global trade tensions. According to data from NSDL, this

Avenue Capital Group-backed Asset Reconstruction Company (India) Ltd (ARCIL) has filed its draft red herring prospectus (DRHP) with markets regulator Sebi on Friday to raise funds through an initial public

Russia-backed Nayara Energy looks at India’s state-run oil companies to offload petrol, diesel exports Nayara Energy has approached Indian state-run oil marketing companies (OMCs) to offload its export volumes of

US President Donald Trump on Saturday claimed that he had “heard” reports of India halting Russian oil imports, hailing it as a “good step”. “I understand that India is no

What is US government shutdown? All you need to know

Word Count: 658 | Estimated Reading Time: 4 minutes


What is US government shutdown? All you need to know

The US government will attempt to prevent a shutdown on Friday, which will take effect if the Senate fails to pass the continuing resolution for funding.
The bill which sailed through the Congress faces a tough battle in the Senate with the GOP needing at least eight Democrat votes.
Democrats oppose the bill, arguing that it grants President Donald Trump excessive control over spending decisions. They face a choice between blocking it or allowing a government funding lapse.
Senate Democratic leader Chuck Schumer, however, made it clear on Thursday that he will not allow a government shutdown. “While the CR still is very bad, the potential for a shutdown has consequences for America that are much, much worse,” Schumer said.
What is the US government shutdown?
In US, a government shutdown occurs when a funding gap forces the partial or full closure of federal agencies and operations.
Government shutdowns typically happen when lawmakers fail to agree on budget allocations before the current funding cycle expires.
The US government is at risk of a shutdown starting at 11.59 pm on Friday (local time) unless Congress can reach an agreement on funding.

Senate Democrats weigh GOP stopgap bill as government shutdown looms

If an agreement isn’t reached by then, federal employees could be furloughed without pay, though some will still be required to work. Federal contractors, however, will not be obligated to work and are not assured back pay for the duration of the shutdown, according to ABC news.
Certain “mandatory” programs will continue operating. Social Security and Medicare payments will still be distributed, as they are classified as mandatory spending.
Sen. John Hickenlooper (D-Colo.) warned that a government shutdown would give the president greater control over federal operations. “If you shut down the government, the president is the person who decides what is essential,” he said, as quoted by the New York Post. “He decides what part of the government stays open, so you are actually giving him even more power,” he added.





Source link

Sign In

Welcome ! Log into Your Account