The Obama management warns Wednesday that a federal shutdown would chip away at the economic recovery, delay pay to U.S. troops fighting in three wars, slow the dispensation of tax returns and limit small commerce loans and government-backed mortgages throughout peak home buying season.
The dire message, deliver two days before the federal government's expenditure authority expires; come into view aimed at jolting congressional Republicans into a finances compromise. Billions of dollars apart, congressional negotiators were working to strike a deal by Friday to avert a shutdown by setting outflow limits from side to side the end of September. The last such shutdown took place 15 years ago and lasted 21 days.
President Barack Obama telephoned House Speaker John Boehner on Wednesday and Boehner's office said the orator told Obama he was confident a deal could be reached.