Category Archives: World

US Goverment Shuts Down – What happens now ?

This is the first time since 17 years the US government slips into a partial shutdown. Basically the US is left out without a spending plan for the 2014 fiscal year that begins on Tuesday. The congress has failed to reach a consensus about the new health care law among other things. The last time it happened was during 1995-1996. It shook the US economy but the economy bounced back rather quickly. But times were different then and the situation was pretty strong as compared to today. Continue reading US Goverment Shuts Down РWhat happens now ?