The International Monetary Fund (IMF) warns of an "avoidable risk" to the U.S. economy due to a looming government shutdown.
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IMF spokesperson Julie Kozack emphasizes the importance of parties reaching a consensus for continued government funding.
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The shutdown could lead to furloughs for federal workers and disruptions in various services, including economic data releases and nutrition benefits.
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Congress must pass legislation by midnight Saturday to avert the shutdown.
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This would mark the fourth government shutdown in the last decade.
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House Republicans, led by a far-right faction, have rejected spending levels set in a deal negotiated with President Joe Biden in May.
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Details on the potential economic impact of a shutdown were not provided by IMF.
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The IMF's call for consensus aims to prevent unnecessary economic disruptions.
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The U.S. government shutdown is a pressing concern with potential wide-ranging consequences.
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The IMF's warning underscores the need for swift and cooperative action by political parties to ensure economic stability.
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