[1/2] Janet Yellen, United States Secretary of Treasury, participates in global infrastructure and investment forum in New York, Thursday, Sept. 21, 2023.
Seth Wenig/Pool via REUTERS/ File Photo Acquire Licensing RightsWASHINGTON, Sept 29 (Reuters) - A government shutdown that could start this weekend would "undermine" U.S. economic progress by idling key programs for small businesses and children, and could delay major infrastructure improvements, U.S. Treasury Secretary Janet Yellen said on Friday.
A shutdown of broad parts of the government would start on Sunday as the new fiscal year starts without new spending legislation from Congress.
Chances of a shutdown increased on Thursday as the House pursued partisan spending cuts and the Senate advanced separate legislation to temporarily extend spending.
"The failure of House Republicans to act responsibly would hurt American families and cause economic headwinds that could undermine the progress we’re making," Yellen said.
Persons:
Janet Yellen, Seth Wenig, Yellen, Lael Brainard, Brainard, " Brainard, We've, David Lawder, Ann Saphir, Philippa Fletcher, Jonathan Oatis
Organizations:
Treasury, Rights, Port, Republicans, Senate, CNBC, . Commerce, Thomson
Locations:
United States, New York, U.S, Savannah, Georgia