Updating history in U.S politics, previously reported on Free District regarding US government shutdown.
On recent updates, Americans’ confidence in the economy has jumped since the end of the partial federal government shutdown in October, report says.
Free District reported last Oct. 2, 2013 President Barack Obama speaks about US government shutdown. Washington, D.C. — President Obama spoke about the U.S. government shutdown in a White House Rose Garden speech Tuesday, calling it a “Republican shutdown”.
The President blamed a faction of House Republicans, saying, “They’ve shut down the government over an ideological crusade to deny affordable health care to millions of Americans”.
In his speech, Obama explained which parts of the government would actually be shut down, and which would remain open. He also explained how the shutdown would affect government employees on issues such as paychecks. Image/Win McNamee/Getty Images/nydailynews.co
The United States federal government shutdown of 2013 ran from October 1 to October 16, 2013. The primary issue of dispute between the Republican-controlled House of Representatives and the Democratic Senate was the Republicans’ desire to delay or defund the Patient Protection and Affordable Care Act (Obamacare), signed into law in 2010.
A bill to end the shutdown and fund federal agencies through January 15, 2014, passed the Senate and the House and was signed into law on October 17, 2013.
Standard & Poor’s, the financial ratings agency, stated on October 16 that the shutdown “to date has taken $24 billion out of the economy,” and “shaved at least 0.6 percent off annualized fourth-quarter 2013 GDP growth.”