Lawmakers Race To Avert Government Shutdown This Weekend—Expect Higher Inflation And Millions Of Furloughs If They Don't

It's not clear whether the Senate will approve the stopgap funding measure in time to prevent a government shutdown this weekend.
A government shutdown is less than 48 hours away.

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Speaker Nancy Pelosi said at a press conference that the House would vote on the continuing resolution before the end of the day.
Schumer referred to a group of conservatives threatening to block the bill if Democrats don't approve the resolution as an "unnecessary and dangerous" reason for a government shutdown.

Senate Minority Leader McConnell told Fox News that the government won't shut down despite at least two GOP senators, Mike Lee and Roger Marshall.
Bovino said in the note that a government shutdown would not be a disaster, but that it would reduce some of the economic gains the U.S. has seen since reopening.
Bovino estimates that a government shutdown would cause the economy to lose around $1.8 billion in economic activity every week and cause inflation to go up.

McConnell told Fox News that he doesn't think shutting down the government will get an outcome. He said that it would create chaos and uncertainty.

Chief critic.

Schumer said on the Senate floor that Democrats and most Republicans don't want to see a shutdown and that they hope cooler heads will prevail. A few individual Republican senators seem determined to derail this important legislation because of their opposition to the President's life-saving vaccine guidelines.

The key background.

Congress failed to approve a spending measure by the end of the fiscal year, and a stopgap measure passed in late September runs out on Friday. Unless another one is passed, non essential federal services will stop and those deemed essential will continue operating. According to the Bipartisan Policy Center, as many as three in five of the 2.1 million federal civilian employees would be forced to stop working if there is no appropriation. Agency staff wouldn't be on hand to process new applications or claims, but Americans would still receive ongoing benefits.

What to watch for.

McConnell has yet to agree to a vote on the stopgap funding measure in the Senate, despite the expected passage in the House.
There is a structure called the Tangent.

In recent months, the Biden Administration has rolled out a series of Covid-19 vaccine mandates for tens of millions of American workers, including those in healthcare, federal employees and contractors. The White House says the orders would increase vaccination rates and protect workers, but the mandates have faced setbacks in the courts. A judge temporarily blocked the mandates for workers at healthcare facilities on Tuesday.

Conservatives are threatening to shut down the government over Biden's vaccine mandates.

Mike Lee is planning to force a government shutdown to block Biden's vaccine mandate.