IMF Urges Parties to Avoid U.S. Government Shutdown

Image Credit - Instagram

The International Monetary Fund (IMF) warns of an "avoidable risk" to the U.S. economy due to a looming government shutdown.

Image Credit - Instagram

IMF spokesperson Julie Kozack emphasizes the importance of parties reaching a consensus for continued government funding.

Image Credit - Instagram

The shutdown could lead to furloughs for federal workers and disruptions in various services, including economic data releases and nutrition benefits.

Image Credit - Instagram

Congress must pass legislation by midnight Saturday to avert the shutdown.

Image Credit - Instagram

This would mark the fourth government shutdown in the last decade.

Image Credit - Instagram

House Republicans, led by a far-right faction, have rejected spending levels set in a deal negotiated with President Joe Biden in May.

Image Credit - Instagram

Details on the potential economic impact of a shutdown were not provided by IMF.

Image Credit - Instagram

The IMF's call for consensus aims to prevent unnecessary economic disruptions.

Image Credit - Instagram

The U.S. government shutdown is a pressing concern with potential wide-ranging consequences.

Image Credit - Instagram

The IMF's warning underscores the need for swift and cooperative action by political parties to ensure economic stability. 

Image Credit - Instagram