BlockBeats News, October 1st. According to The Wall Street Journal, the U.S. federal government is set to shut down on Wednesday morning local time (12:00 p.m. Beijing time) after Senate Republicans and Democrats mutually blocked each other's funding proposals. On Tuesday, while President Trump issued a new threat to the Democrats, he also signaled willingness to engage in further discussions regarding healthcare subsidy funding.
The day before, congressional leaders from both parties had just held a meeting at the White House. Due to Republican internal divisions and pressure from the Democratic left, any agreement may only be reached after the shutdown officially begins at one minute past midnight. This shutdown will plunge the U.S. into uncharted territory. White House officials had previously expressed a desire to shrink the size of the government, claiming that they would take advantage of this funding disruption opportunity to conduct large-scale layoffs of federal employees, rather than just placing hundreds of thousands of civil servants on temporary leave.