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US government shutdown: House passes bill to end 43-day deadlock; now awaits Trump’s approval

The House of Representatives passed a bill Wednesday to end the nation’s longest government shutdown, sending the measure to President Donald Trump for his signature after a historic 43-day funding lapse. The lapse had left federal workers without multiple paychecks, travellers stranded at airports, and people queuing at food banks to get a meal for…

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‘Using Epstein hoax to distract from shutdown’: Trump slams Democrats; warns Republicans of ‘trap’

US President Donald Trump on Wednesday dismissed recent Democratic claims that he “knew about the girls” at late sex offender and pedophile Jeffrey Epstein’s house, calling the reports a “hoax” and accusing Democrats of trying to deflect from their failures and distract people from the evils of the ongoing shutdown.“The Democrats are trying to bring…

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Shutdown strain: Small US businesses reel under halted contracts; firms weigh layoffs as Congress moves to end deadlock

Small businesses across the United States that rely on federal contracts and funding are facing a severe cash crunch as the country’s longest-ever government shutdown stretches into its seventh week, forcing owners to cut costs, delay payments, and even consider layoffs, according to AP report.Lawmakers are returning to Washington to vote on a stopgap funding…

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US markets today: Wall Street inches toward new highs as tech stocks rebound; shutdown relief lifts investor mood

US stocks edged higher on Wednesday, with benchmark indices inching toward record levels as easing worries over the government shutdown and a rebound in technology shares buoyed investor sentiment, according to an AP report.The S&P 500 rose 0.2% in early trade, nearing its all-time high from two weeks ago, while the Dow Jones Industrial Average…

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Travel chaos: US shutdown hits airlines hard as 8,000 flights cancelled; carriers brace for costly holiday ripple effects

The longest federal government shutdown in US history has upended airlines’ holiday quarter expectations, grounding thousands of flights and forcing carriers to scramble for contingency plans as operations across the country remain crippled.Airlines, which had been counting on a rebound in corporate and leisure travel, are now seeing Thanksgiving bookings grow by just 1% since…

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US govt shutdown: Supreme Court extends block on Snap payments; hopes rise for potential end to standoff

The US Supreme Court had, once again, refused to order the Trump administration to provide full funding for the Supplemental Nutrition Assistance Program (Snap). Instead it has chosen to allow congress additional time to resolve the matter through a possible agreement tied to ending the government shutdown.In an order issued on Tuesday (local time), the…

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Shutdown impact: US reels from lost paychecks, canceled flights, and stalled contracts; will the US economy rebound or slip deeper into slowdown?

The longest federal government shutdown in US history may be nearing its end, but economists say it has already left deep scars on an economy struggling with slow growth, inflation, and uncertainty. With 1.25 million federal workers unpaid since October 1 and thousands of flights canceled, the economic fallout is being felt nationwide — from…

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Markets watch: Asian stocks rise as US shutdown nears end; oil prices stay under pressure

File photo (Picture credit: AP) Asian stocks continued to climb for a second straight day on Tuesday as signs emerged that US lawmakers were close to resolving the country’s record-long government shutdown. The positive sentiment also lifted global markets, though oil prices remained subdued amid concerns about oversupply and slowing demand.At 0230 GMT, the Nikkei…

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Dems accused of surrender as US shutdown ends for now

Alexandria Ocasio-Cortez (file- AP) The TOI correspondent from Washington: US Democrats barely got a week to enjoy sweeping by-elections victories before bloodletting erupted between the party’s progressive wing and moderate centrists over a deal with Republicans to end the longest government shutdown in the country’s history. Eight moderate Democrats and one independent broke ranks to…

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