The Federal Shutdown Enters Second Week!

Washington: The federal shutdown is passing through the second week and the financial situation of United States is getting worse by each passing day. The all time low rates on US Dollar and other American shares are a state of worry for the country. The shutdown, second in the history of USA, after 17 years is really coming at a great cost.

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The recent survey shows that Republicans have lost their approval among the countrymen and it is still the Democrats that is getting favored, which is also making the recovery tough. Through the second week, thousands of employees continue unemployed and hence without pay. A recent Washington Post-ABC News survey found that 70 per cent of Americans disapprove of the way Republicans are handling budget negotiations, up from 63 per cent last week, with 24 per cent approving.

At the same time President Barack Obama's approval rating on budget matters ticked up slightly over the same time period from 41 per cent to 45 per cent ¿ but 51 per cent disapprove, the poll said.

Earlier in the day, Obama ruled out any negotiations with the Republicans unless they reopen the government.

"We're not going to negotiate under the threat of further harm to our economy and middle-class families. We're not going to negotiate under the threat of a prolonged shutdown until Republicans get 100 per cent of what they want," he said.

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The White House Press Secretary, Jay Carney, said Obama is ready to negotiate with Republicans but not under threat.

"He is ready to do that, just not under threat of shutdown, not under threat of default."

The republicans continue to hold their stance and The Speaker of the US House of Representatives, John Boehner, alleged that Obama is putting the economy at risk by refusing to negotiate with the Republicans over spending and the debt ceiling.

"The president's refusal to negotiate is hurting our economy and putting our country at risk," he said on the floor of the House.

The reports continue that the Obama government is now working on discussing with the Republican party to agree to a long-term USD 1 trillion debt-limit increase.

Photos & Inputs: Indian Express

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- Unknown Updated at: Tuesday, October 08, 2013