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The president's televised appearance captured the split-screen nature of this first of October: It was the start of a new fiscal year, with the federal government largely shuttered because of the parties' funding impasse, yet also the inaugural day for a central piece of the landmark health care law at the center of the budget standoff.
To address a general budget shortfall of four hundred million dollars, a record-length legislative session dragged into June; that funding impasse was resolved with a bill that raises sales and cigarette taxes (by a hefty fifty cents per pack) while mostly preserving the business income-tax exclusion that has devastated state revenues.
The funding impasse remained as Congress reconvened in mid-November to take up a must-pass bill to fund the government for the rest of the 2015 fiscal year.
Sen. Jeff Sessions (R-Ala)., one of the biggest opponents of the executive actions in the upper chamber, took a similar view when asked if an injunction would change anything for the DHS funding impasse.
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As a result, about 90percentt of state government has remained funded during the impasse, and the state is on track to amass a bill backlog of more than $10 billion by the end of June.
ATHENS, June 5 (Reuters) - Greek Prime Minister Alexis Tsipras on Friday spurned "absurd" terms of proposed aid from lenders and delayed a debt payment to the International Monetary Fund, prolonging an impasse that threatens to push Greece into default and out of the euro zone.
Moody's Investor Service warned mutual fund clients that the impasse was threatening money market mutual funds.
WASHINGTON — President Obama is bringing Democrats and Republicans from the House and Senate separately to the White House before week's end to try to resolve the continuing impasse over funding the government and raising the nation's borrowing ceiling.
As the US Congress returned to Washington on Tuesday after a seven-week recess, lawmakers remained at an impasse over funding to combat the Zika virus even after the mosquito-borne disease spread rapidly during the summer across Puerto Rico and a host of states across the US.
Obama's executive actions are at the center of a congressional impasse over funding the Department of Homeland Security.
Should he rule with the states in favor of an injunction, some Republicans in Congress say it could break the impasse on funding DHS, which is currently at a standstill despite a nearing Feb. 27 deadline.
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