US government shutdown looms despite compromise plan

As the United States (US) government moves toward a possible shutdown, House Speaker Mike Johnson presented a compromise proposal that excludes stringent conservative demands such as reducing expenditure and limiting immigration. A government shutdown could lead to a downgrade in the US credit rating by Moody's Investors Service, which has identified political instability as an increasing concern for bond investors. With time running out, Congress must pass a new temporary bill before funding expires on November 17.