The Trump administration is preparing for a possible shutdown that would close agencies and cut jobs, keeping only Defense and Homeland Security funded. Republicans call it avoidable, while Democrats push to add health subsidies.
00:00It's Benzinga, bringing Wall Street to Main Street.
00:02The Trump administration is preparing for a potential government shutdown that could result in thousands of federal layoffs and closures across Crete Apartments, according to Benzinga.
00:10If Congress fails to fund the government next week, the Labor Department could cease most operations.
00:14National parks would close, and IRS phone lines may go permanently unstaffed.
00:18White House Budget Director Russell Vaught is leading the shutdown plan, which will keep only agencies funded under Trump's one big, beautiful bill, mainly defense and home and security, operational.
00:27The administration's broader budget proposal is included in steep cuts to the State Department, HUD, and Labor, while boosting Homeland Security funding by 65%.
00:36Republicans argue a shutdown is avoidable, but Senate Democrats insist on including health insurance subsidies in any funding deal.
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