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US Government Face Shutdown Possibility On House Vote

The federal government moved closer to its first shutdown in 17 years after the Republican-led House voted early Sunday to delay President Barack Obama’s health-care law by one year as part of legislation to keep the government running.

The House voted 248-174 to attach a repeal of the tax on medical devices that was to help pay for the Affordable Care Act, otherwise known as Obamacare, and then voted 231-192 to attach a delay of the implementation of the law by a year. The latter also included a provision that would allow employers and health care providers to opt out of mandatory contraception coverage.

White House spokesman Jay Carney said that Republicans who voted to attach the Obamacare measures to the government spending bill were voting to shut down the government.

MarketWatch [1]

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Mingze Wu

Mingze Wu [6]

Currency Analyst at Market Pulse [7]
Based in Singapore, Mingze Wu focuses on trading strategies and technical and fundamental analysis of major currency pairs. He has extensive trading experience across different asset classes and is well-versed in global market fundamentals. In addition to contributing articles to MarketPulseFX, Mingze centers on forex and macro-economic trends impacting the Asia Pacific region.
Mingze Wu
Mingze Wu

+Mingze Wu [10]