The question is will he do it?
During a rally in Arizona, President Trump threatened to let the government shut down if Congress doesn’t come through with funding to build a wall along the US-Mexican border.
If we have to close down our government, we’re building that wall. We’re going to have our wall. The American people voted for immigration control. We’re going to get that wall.’
The price of gold jumped on safe-haven buying after the president’s comments. Most analysts had considered the threat of a government shutdown relatively remote, but Trump’s emphatic pronouncement suddenly kicked off a game of chicken.
Congress must put together a funding deal, and the president must sign it, by a Sept. 30 deadline. If Congress doesn’t get a deal done, or if the president vetoes it, the government will go into shutdown mode. Treasury Secretary Steven Mnuchin has warned the US could go into default by October if Congress doesn’t act.
Republicans need support from the other side of the aisle to get a deal done. But congressional Democrats have pledged to reject any spending package that includes funding for a border wall.
This post was published at Schiffgold on AUGUST 23, 2017.
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