Zürcher Nachrichten - US government shuts down but quick resolution expected

EUR -
AED 4.286942
AFN 74.707623
ALL 96.255989
AMD 439.281891
AOA 1070.423587
ARS 1619.071826
AUD 1.661178
AWG 2.101158
AZN 1.982453
BAM 1.951721
BBD 2.349588
BDT 143.363587
BHD 0.440647
BIF 3467.494637
BMD 1.16731
BND 1.487147
BOB 8.060703
BRL 5.977213
BSD 1.166512
BTN 107.696818
BWP 15.651414
BYN 3.404981
BYR 22879.277861
BZD 2.346185
CAD 1.617331
CDF 2685.980518
CHF 0.923347
CLF 0.026612
CLP 1047.357671
CNY 7.980023
CNH 7.982201
COP 4260.425038
CRC 542.642528
CUC 1.16731
CUP 30.933718
CVE 110.719007
CZK 24.40734
DJF 207.454552
DKK 7.47257
DOP 70.797322
DZD 154.762451
EGP 62.035874
ERN 17.509651
ETB 181.662608
FJD 2.585474
FKP 0.868569
GBP 0.870761
GEL 3.134246
GGP 0.868569
GHS 12.857991
GIP 0.868569
GMD 85.213904
GNF 10248.982856
GTQ 8.924346
GYD 244.060458
HKD 9.146861
HNL 31.073477
HRK 7.535804
HTG 152.933134
HUF 378.20384
IDR 19951.83924
ILS 3.601531
IMP 0.868569
INR 108.256918
IQD 1529.176224
IRR 1535012.774586
ISK 143.788935
JEP 0.868569
JMD 183.636165
JOD 0.827642
JPY 185.580713
KES 150.875304
KGS 102.081421
KHR 4685.582455
KMF 495.515731
KPW 1050.525541
KRW 1728.296359
KWD 0.360688
KYD 0.972114
KZT 557.737497
LAK 25637.044209
LBP 104510.724117
LKR 367.711412
LRD 215.022635
LSL 19.39488
LTL 3.446763
LVL 0.706094
LYD 7.406559
MAD 10.861809
MDL 20.087894
MGA 4829.749592
MKD 61.71294
MMK 2451.094536
MNT 4173.425927
MOP 9.411544
MRU 46.811076
MUR 54.372797
MVR 18.046399
MWK 2027.61726
MXN 20.376157
MYR 4.652315
MZN 74.66162
NAD 19.389309
NGN 1604.981244
NIO 42.875475
NOK 11.135556
NPR 172.317656
NZD 2.002158
OMR 0.448851
PAB 1.166502
PEN 3.973232
PGK 5.030761
PHP 69.807505
PKR 325.679418
PLN 4.259573
PYG 7567.183116
QAR 4.256056
RON 5.094373
RSD 117.366009
RUB 90.677426
RWF 1704.856394
SAR 4.38042
SBD 9.395107
SCR 16.075073
SDG 701.552894
SEK 10.87382
SGD 1.4887
SLE 28.774319
SOS 667.144177
SRD 43.837117
STD 24160.962176
STN 25.027128
SVC 10.207664
SYP 129.050598
SZL 19.394842
THB 37.458547
TJS 11.088001
TMT 4.085585
TND 3.375853
TRY 52.051878
TTD 7.912123
TWD 37.12164
TZS 3040.842637
UAH 50.553616
UGX 4315.775844
USD 1.16731
UYU 47.390944
UZS 14276.202486
VES 553.791638
VND 30737.60942
VUV 139.534076
WST 3.232622
XAF 654.55241
XAG 0.015771
XAU 0.000247
XCD 3.154714
XCG 2.102442
XDR 0.815922
XOF 658.362819
XPF 119.331742
YER 278.491008
ZAR 19.223023
ZMK 10507.191311
ZMW 22.310221
ZWL 375.873374
  • RBGPF

    -13.5000

    69

    -19.57%

  • CMSC

    0.1500

    22.29

    +0.67%

  • JRI

    0.1600

    12.85

    +1.25%

  • CMSD

    0.2100

    22.5

    +0.93%

  • BCC

    4.5200

    79.23

    +5.7%

  • RYCEF

    1.8300

    17.08

    +10.71%

  • RIO

    3.7900

    98.45

    +3.85%

  • NGG

    2.4400

    89.96

    +2.71%

  • BCE

    0.2900

    24.12

    +1.2%

  • RELX

    0.5700

    33.93

    +1.68%

  • VOD

    0.4600

    15.77

    +2.92%

  • GSK

    1.5300

    57.37

    +2.67%

  • BTI

    1.1500

    59.95

    +1.92%

  • BP

    -1.3500

    45.89

    -2.94%

  • AZN

    3.4600

    204.27

    +1.69%

US government shuts down but quick resolution expected
US government shuts down but quick resolution expected / Photo: Amid FARAHI - AFP/File

US government shuts down but quick resolution expected

The US government entered a partial shutdown Saturday as a midnight funding deadline passed without Congress approving a 2026 budget, though disruption was expected to be limited with the House set to move early next week to ratify a Senate-backed deal.

Text size:

The funding lapse followed a breakdown in negotiations driven by Democratic anger over the killing of two protesters in Minneapolis by federal immigration agents, which derailed talks over new money for the Department of Homeland Security (DHS).

"Instead of going after drug smugglers, child predators, and human traffickers, the Trump Administration is wasting valuable resources targeting peaceful protestors in Chicago and Minneapolis," Senate Democratic Minority Whip Dick Durbin posted on social media.

"This Administration continues to make Americans less safe."

Roughly three-quarters of federal operations are affected, potentially triggering shutdown procedures across a wide range of agencies and operations, from education and health to housing and defense.

Federal departments were expected to begin implementing shutdown plans overnight, but congressional leaders in both parties said the Senate's action made a short disruption far more likely than a prolonged impasse.

If the House approves the package as expected early next week, funding would be restored within days, limiting the practical impact of the shutdown on government services, contractors and federal workers.

If the shutdown extended more than a few days, however, tens of thousands of federal workers would risk being put on unpaid leave or working without their money until funding is restored.

Late Friday, the Senate passed a package clearing five outstanding funding bills to cover most federal agencies through September, along with a two-week stopgap measure to keep DHS operating while lawmakers continue negotiations over immigration enforcement policy.

The House of Representatives was out of session as the deadline expired and is not scheduled to return until Monday.

President Donald Trump backed the Senate deal and urged swift House action, signaling he wanted to avoid a prolonged shutdown -- the second of his second term -- after a record-length stoppage last fall disrupted federal services for more than a month.

- Political backlash -

The Senate breakthrough came only after Republican Senator Lindsey Graham of South Carolina lifted a procedural block that had stalled the package late Thursday.

Graham had objected to provisions in the DHS stopgap and to House-passed language repealing an earlier measure that allowed senators to sue the Justice Department if their phone records were seized during past investigations.

Graham agreed to release his hold after Senate leaders committed to holding future votes on legislation he is sponsoring to crack down on so-called "sanctuary cities" that refuse to cooperate with federal deportation operations.

Democrats, meanwhile, have remained united in opposing new DHS funding without changes to immigration enforcement following the fatal shootings of Alex Pretti and Renee Good in Minneapolis.

Their deaths intensified scrutiny of federal agents' conduct and hardened opposition to approving money for immigration agencies without new guardrails.

Party leaders have accused immigration authorities of operating with insufficient oversight and have demanded reforms including tighter warrant requirements, limits on certain enforcement tactics and greater accountability for agents in the field.

Much of the US media interpreted the White House's willingness to split DHS funding from the broader budget package as a recognition that the administration needed to recalibrate its deportation strategy after the political backlash over the Minneapolis deaths.

Republicans are divided over that approach.

While some lawmakers have acknowledged the need for changes following the shootings, conservatives have warned against concessions they say could weaken immigration enforcement.

Several have signaled they will push their own priorities during the upcoming DHS negotiations, including measures targeting states and cities that limit cooperation with federal authorities.

Although Congress has already approved six of the 12 annual funding bills, those measures account for only a minority of discretionary spending. The remaining bills fund large swaths of the federal government, making the lapse significant if it ends up being prolonged.

The Office of Management and Budget on Friday night issued a memo ordering agencies to prepare for an “orderly shutdown,” saying:

“It is our hope that this lapse will be short.”

A.Weber--NZN