01/20/2018

Government Braces For Shutdown As Senate Fails To Meet Deadline For Spending Deal [Watch]

Adam Shaw, Alex Pappas and Matt Richardson, Fox News

The deadline arrived without a deal. The U.S. government shut down at midnight Friday after Congress failed to overcome a partisan divide over immigration and spending.

In a late-night vote, Senate Democrats joined to block a bill that would have kept the government running until mid-February. A flurry of last-minute negotiations failed to produce an agreement.

Democrats tried to use the Friday night funding deadline to win concessions from Republicans, including an extension of DACA, an Obama-era program protecting some young immigrants from deportation. The program is set to expire in March. Republicans sought more time for talks, but Democrats refused.

The shutdown is only the fourth government closure in a quarter-century. It will only partially curb government operations.

Uniformed service members, health inspectors, and law enforcement officers are set to work without pay. But Social Security and most other safety net programs are unaffected.

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With interest rates flattened [by the Federal Reserve], government zeroes out the future. Abandoned were 80 percent of private defined-benefit pension plans. Public plans faced a similar evisceration in the future. With no acknowledgement, the U.S. government had casually dispossessed the American middle class of its retirement assets and pushed millions of Americans into acute dependency on government programs. ... Government dependency negated the American dream.

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