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Showing posts from October, 2013

US SHUTDOWN

Its too bad something like this happening in the US. This is going to create a global economical crisis and volatility in global markets.  US treasury has run short of money for the next financial year. The financial bill for the next term had to be passed and for that it must be accepted on both the senate and also the house of representatives. The Republicans are against the medical subsidies in the bill and Republican-controlled House stopped the bill from being passed. Due to this the government Financial bill is on halt and without it being passed in both, the government cant fund its activities. This made the US government had declare a Shutdown for three weeks. The Shutdown means 800,000 federal workers were to be furloughed and more than a million others would be asked to work without pay. This situation will continue on a hope that the Houses will come to a good decision.