Core Points - The U.S. government is facing a potential shutdown if Congress fails to pass a temporary funding bill by September 30, 2023 [2] - The ongoing political conflict between the two parties is hindering the agreement on fiscal appropriations, with the House passing a temporary funding bill that was not approved by the Senate [2] - The consequences of a government shutdown could be severe, affecting federal employees, public services, and economic indicators [4][5] Group 1: Government Shutdown Risks - The federal government will face a shutdown if no agreement is reached by the deadline, marking the second shutdown risk since Trump's presidency [2] - The House passed a temporary funding bill, but it failed to gain the necessary support in the Senate, highlighting the need for bipartisan cooperation [2] - The Democratic Party is insisting on the removal of recent healthcare cuts proposed by Republicans, complicating negotiations [2] Group 2: Economic Impact - Experts estimate that a government shutdown could lead to a weekly GDP loss of approximately $7 billion, with significant impacts on consumer spending and market volatility [4] - A shutdown could result in around 800,000 federal employees being furloughed, reducing quarterly annualized GDP growth by about 0.2 percentage points [5] - The ongoing political deadlock raises concerns about U.S. fiscal sustainability and could lead to increased volatility in U.S. Treasury markets [6]