US could face another government shutdown risk over spending bills - Axios
Source Fxstreet
According to reporting by Axios, the US federal government could be pushed into another government shutdown scenario over spending bills.
The self-titled "Freedom Caucus", a collection of far-right adherents within the US legislature, is pushing for a sweeping set of year-long spending restrictions that could trigger a shutdown within the US government.
Key quotes
The House Freedom Caucus is officially pushing a one-year spending stopgap that could trigger a government shutdown if embraced by Speaker Mike Johnson.
In a new letter to Johnson on Wednesday, Freedom Caucus members say they prefer the spending stopgap if they can't get their way on using the budget process to push other policy priorities.
1% across-the-board cuts will start if there's not a new budget by April 30.
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