# Markets
The U.S stock markets goes down
A lot of people sold stocks today because they were worried about how high IT stocks were.The S&P 500 and the Nasdaq, two other important indexes, also went down
T
he US is getting ready for a historic government shutdown that could have an impact on the economy, federal agencies, and millions of Americans who rely on government services.Because Congress can't agree on a budget, the federal government is getting ready to stop providing services that aren't needed.This time, the US will be closed for a long time.
What made the government shut down?
For a long time, the leaders of Congress have not been able to agree on the government's budget, how it should spend its money, and what services it should pay for. The government had to close because of this.
This means that the government is less likely to have enough money.This most recent fight shows that Washington is becoming more and more divided.
Because the two sides can't agree, it will be harder to pass spending bills on time.Experts are worried that this shutdown could be worse than the last few.
What it means for government workers and the services they offer
More than a million federal workers may have to take time off or work for free if the government stays closed. Some of the important services that will still be available are military operations, air traffic control, and border security.But a lot of other things that the government has to do will come to a halt.
Administrative services include things like getting help with taxes, getting passports, and applying for visas.If the business stays closed for a long time, the economy could get worse.The last time the government shut down, it cost the economy billions of dollars.
These shutdowns make people less sure of themselves, and businesses can't get the federal contracts they need.The market changed the economy and what it did.When there is political unrest, the financial markets always move quickly.This end is pretty much like the others.Analysts say that if the closure goes on for a long time, there will be more volatility as investors look for signs that Washington is not a good long-term investment.
Not getting paid for a long time could hurt the economy and businesses in your area, as well as federal contractors and supply chains across the country.
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What makes this shutdown different from the others?
There have been a lot of shutdowns in the U.S. before, but this one is different because it was so big and happened at the right time.Experts say that the federal government could stay partly closed for a long time if there isn't a clear way to fix the problem.This would be one of the worst times ever for a shutdown.
What comes next?
There isn't much going on in Congress right now.It could take weeks for the U.S. government to shut down if the two sides can't come to an agreement.People in the US should look at the websites of federal agencies to see if their services have changed.
People are still arguing about politics, and the government is still looking for a way to get the money and stability back.
A lot of people sold stocks today because they were worried about how high IT stocks were.The S&P 500 and the Nasdaq, two other important indexes, also went down
Investors are beginning to question whether the Federal Reserve would lower interest rates, which would be bad news for the U.S markets
Financial advisers are changing their clients' portfolios as confidence in U.S. large-cap stocks falls
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