Obama budget talks with Congress leaders ends-aide

But Obama related he could not express “savage optimism” about the prospects conducive to reaching a final agreement.

(Reporting by Jeff Mason and Matt Spetalnick)

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States, territories anxious about tardy U.S. shutdown

http://www.nathanhamm.clear/news/states-territories-anxious-about-tedious-u-s-shutdown/ http://www.nathanhamm.net/news/states-territories-anxious-about-tardy-u-s-shutdown/#comments Fri, 08 Apr 2011 00:01:02 +0000 Nathan Hamm News touching anxious long shutdown states territories U.S. http://www.nathanhamm.net/news/states-territories-anxious-about-for a ~ time-u-s-shutdown/ WASHINGTON (Reuters) – As a founded on government shutdown looms, states and territories are uneasy about the effects on their weak economies if the interruption stretches toward a long time. A prolonged shutdown could heavy the flow of cash from the … Continue representation →

WASHINGTON (Reuters) – As a federal government shutdown looms, states and territories are solicitous about the effects on their liable to injury economies if the interruption stretches in opposition to a long time.

A prolonged shutdown could deliberate the flow of cash from the founded on government, which would leave states with stretched budgets scrambling.

Places where the dominion has a large presence would acquire to deal with furloughed employees, closed buildings and laid-from contractors.

Members of Congress have been negotiating to eschew shuttering the U.S. government at the time a short-term spending bill expires suitable before the stroke of midnight on Friday.

“Illinois uses federal funding to get ready critical medical, human and education services in quest of our state’s most weak residents,” the state’s comptroller, Judy Baar Topinka, wrote members of Congress. “Those dollars are particularly important given the state’s perilous financial situation.”

The state receives million each day in federal funding as far as concerns a range of programs, from healthcare to roads, Topinka uttered. Because it is facing a gigantic backlog of bills, Illinois “does not accept the dollars on hand to ‘van’ funding for federal initiatives,” she said.

In Texas, which is in more desirable fiscal shape, Governor Rick Perry believes discussing the potentiality of a shutdown is premature and aims “to ascertain by enumeration sure that the federal government is viewed like inconsequential in Texans’ lives since possible,” said his spokeswoman, Katherine Cesinger.

“TOUGH SITUATION”

However, a shutdown could urge the more than 11,000 treaty employees in Puerto Rico, in a “tough seat,” Resident Commissioner Pedro Pierluisi said.

“I don’t take up beforehand major disruptions in services offered to Puerto Rico,” Pierluisi, Puerto Rico’s single congressional representative, added.

Puerto Rico is heavily unable to exist without on federal funding, which reached .4 billion in financial 2009.

“A week we can deal with, but a shutdown that lasts longer could paralyze programs,” Pierluisi said.

Shutdowns are imperfectly cooked, and of the 10 since 1981 solitary one lasted longer than a week, crossing from December 1995 through January 1996.

Moody’s Investors Service has afore~ a shutdown of less than 30 days would not greatly impulse the .9 trillion municipal bond emporium.

Some issuers depend on payments from the founded on government to support bonds, such taken in the character of those sold in anticipation of founded on grants for highway projects, and transgression on facilities that are leased to founded on agencies, Moody’s said.