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WHAT HAPPENED IN THE US?
between 1 Oct and 16 Oct
2013
2013
1. NGUYỄN THỊ LINH2. VŨ THỊ MAY3. NGUYỄN THỊ NGA
US GOVERNMENT SHUTDOWN 2013
1• Definition and shutdown history
2• Reasons and impacts
3
• Re- opens and lesson for US and Vietnam
WHAT IS A GOVERNMENT SHUTDOWN?
Executive Branch Funding gap
1976 – 2013: 18TH SHUTDOWN
Longest: 21 days (1995- 1996) Shortest: 1 day
The president The number of shutdowns
General Ford 1
Jimmy Carter 4
Ronald Regan 8
George H.W. Bush 1
Bill Clinton 2
George W. Bush 0
OBAMACARE
Patient protection and affordable care act (PPACA)
Increase the quality and affordability of health insurance
OBAMACARE
For
President and the Democratic- led Senate
Against
The Republican-led House of Representatives
THE FIGHT
20 Sept: House of Representatives passed Continuing Appropriations Resolution
27: the Senate stripped 29: the House reinstated 30: the Senate declined
No compromise bill
IMPACT OF US GOVERNMENT SHUTDOWN
Economics
National security
Politics
ECONOMICS
the shutdown reduced fourth quarter GDP growth by 0.6 %.
Federal employees were furloughed for a combined total of 6.6 million work days
December 1995 –January 1996
2013
Time 21-day 16- day
The total number of employee furlough
days
4.3 million 6.6 million
Reason 7 appropriations bills were enacted
no agencies had received
ECONOMICS
The total compensation costs are about $2.5 billion
about $650 million for the Nov 1995 shutdown about $1 billion for the Dec 1995 – Jan1996
shutdown. 850,000 employees per day was
furloughed - 40% of the entire civilian Federal workforce.
TOURISM
401 federally run parks and attractions closed
TOURISM
all 19 museums and galleries closed their doors.
NATIONAL SECURITY
70% of intelligence employees are furloughed
Only 30% focus on
critical security needs
NATIONAL SECURITY
James Clapper - Intelligence Director ‘is a dreamland for foreign intelligence’
POLITICS
Wall Street Journa magazine: 60% American want to
replace members of Congress in the next election
44% American blamed for Republican Party
POLITICS
German election ended successfully, and support to reform
Europe’s economy
The new reforms in China that establish a free trade zone in
Shanghai
Image of a separated and weak America
RE-OPENS & LESSON
Government reopen
The bill
The lesson
1. US GOVERNMENT REOPENS
Vote for Bill the Senate: 81 votes to 18 22pm, 16/10 the House: 285 votes to 144 Signs the a bill => ends the 16-day partial
government shutdown raises the debt ceiling
OBAMA’S STATEMENT:"begin to lift this cloud of uncertainty and unease from our businesses and from the American people"."We need to get out of the habit of governing by crisis,"
THE BILL:
Open the US government Raise debt ceiling & extends U.S
borrowing authority into February, 2014 avoid the potentially devastating
consequences to the global economy from a default on the U.S. debt.
FEDERAL AGENCIES REOPEN AND FEDERAL WORKERS SHOULD EXPECT TO RETURN TO WORK THURSDAY MORNING, 17/10
- PARKS, MUSEUMS AND MONUMENTS BEGIN TO OPEN, WELCOME VISITORS…
LESSON
How to operate the economy of its ability
Just dismiss ego for agreement
LESSON
How to operate the economy of its ability:
* Main reason: budget not enough to operate deadline for raise the debt
ceiling is near=> ”Let the grass grow under one’s feet” - Joe Hockey – Head of Aus Treasury -
LESSON Just dismiss ego for agreement - direct reason:the Republican Party >< President Barack Obama
SUMMARY
1• Definition and shutdown history
2• Reasons and impacts
3
• Re- opens and lesson for US and Vietnam
REFERENCES: http://edition.cnn.com/2013/10/16/politics/
shutdown-showdown/ http://www.voanews.com/content/congress-
passes-bill-avert-default-reopen-us-government/1771311.html
http://www.washingtonpost.com/politics/government-reopens-thursday-after-congress-passes-budget-deal-raises-debt-limit/2013/10/17/dbe7889a-371b-11e3-80c6-7e6dd8d22d8f_story.html