President Barack Obama has signed a bill, previously passed by both the Senate and the House, to reopen the government and raise the federal debt limit to avoid a government default.
Talks between the White House and Republican leaders have failed to result in any agreement, as the US federal government shutdown continues.
The failure of the United States government to pass a budget has resulted in the suspension of all but “essential” state services and is leading many to express their frustration with the entire political class. This time, though, it shouldn’t.
US President Barack Obama has said that he is “exasperated” by the ongoing government shutdown caused by Republicans attempting to renegotiate Obamacare whilst holding the country to ransom over budget approval.
It is a strange quirk of the US parliamentary system that allows for government shutdowns affecting around 700,000 workers in the US and capital markets around the globe, and a quirk with such major effects that it has left many around the world confused.