Wednesday January 22, 2020
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The Partial Shutdown Of The Government Of United States Ends

The shutdown furloughed 800,000 government employees, with at least 420,000 required to continue working without pay, and the remainder sent home

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Internal Revenue Service employees Brian Lanouette, of Merrimack, N.H., center right, and Mary Maldonado, of Dracut, Mass., right, join with others as they display placards during a rally by federal employees and supporters, Jan. 17, 2019. VOA

The U.S. Office of Management and Budget sent a memo late Friday to closed federal government departments and agencies to inform them that their divisions are now open and their employees can return to work.

The memo called on the agencies to “reopen offices in a prompt and orderly manner.”

The memo said the OMB appreciates the “cooperation and efforts during this difficult period” of the government shutdown.

Earlier, U.S. President Donald Trump signed a three-week spending bill, ending the longest government shutdown in U.S. history.

“After 36 days of spirited debate and dialogue, I see that Democrats and Republicans are willing to put partisanship aside, I think, and put the American people first,” Trump said in a Rose Garden announcement. “This is an opportunity for all parties to work together for the benefit of this beautiful nation.”

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The dome of the U.S. Capitol is seen beyond a chain fence during the partial government shutdown in Washington, Jan. 8, 2019. VOA

By Friday evening, both the U.S. Senate and House had approved the legislation, which Trump then signed.

The bill funding the government through Feb. 15 does not include money for the construction of Trump’s proposed U.S.-Mexico border wall. The president said that a bipartisan committee would be formed in the meantime to evaluate border security, but, contrary to previous claims, he was not asking for a concrete wall along the entire U.S.-Mexico border.

“We do not need 2,000 miles of concrete wall from sea to shining sea. We never proposed that,” he said.

The announcement came on the 35th day of the shutdown, when roughly 800,000 federal employees missed their second consecutive paycheck.

 

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House Speaker Nancy Pelosi of Calif., accompanied by Senate Minority Leader Sen. Chuck Schumer of N.Y., left, speaks at a news conference on Capitol Hill in Washington, Jan. 25, 2019, after President Donald Trump announces a deal to reopen the government for three weeks. VOA

 

It also came shortly after incoming flights to New York’s LaGuardia airport were delayed because of staffing issues, according to the Federal Aviation Administration.

The FAA also said that departure delays at LaGuardia, as well as Philadelphia and Newark airports, were the result of air traffic control staffing shortages.

Early Saturday morning, House Speaker Nancy Pelosi named the Democratic House members — Appropriations Committee Chairwoman Nita Lowey of New York, Appropriations Subcommittee on Homeland Security Chairwoman Lucille Roybal-Allard of California, David Price of North Carolina, Barbara Lee of California, Henry Cuellar of Texas, Pete Aguilar of California — who will serve on the bipartisan committee to evaluate border security.

Speaking to reporters at the Capitol Friday after Trump’s announcement, Senate Minority Leader Chuck Schumer said Trump agreed to Democratic demands to separate the discussion on reopening the government from border security. He said he hopes Trump has “learned his lesson.”

 

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President Donald Trump speaks in the Rose Garden of the White House, Jan 25, 2019, in Washington. VOA

 

House Speaker Nancy Pelosi told reporters, “I see every crisis as a challenge or an opportunity” and was careful not to characterize Trump’s motives during the government shutdown.

Trump’s announcement reversed his position from Thursday, when he said he would accept a deal to at least temporarily reopen the federal government if it contained a “pro-rated down payment” on the U.S.-Mexico border wall he has sought.

“It’s just common sense, walls work,” Trump said Friday, arguing the barrier would keep out criminals, human traffickers and drugs.

In an apparent reference to reports he was considering declaring a national emergency at the border, Trump said he had “a very powerful alternative” but chose not to use it. He said that option was still on the table if Congress could not come to an agreement within the three-week funding period.

Senate Majority Leader Mitch McConnell said he hopes there will be “good-faith negotiations’’ in the coming weeks to settle differences on border security.

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People rally to call for an end to the partial government shutdown in Detroit, Thursday, Jan. 10, 2019. VOA

A growing number of lawmakers of both parties have said compromise is the only way to end the political stalemate and reopen the government.

“It is long overdue for all sides to come together, to engage in constructive debate and compromise to end this standoff,” Maine Republican Sen. Susan Collins said. “Shutdowns represent the ultimate failure to govern and should never be used as a weapon to achieve an outcome.”

Also Read: A Quarter Of U.S. Jobs To Be Affected By Advancement Of A.I.

The shutdown furloughed 800,000 government employees, with at least 420,000 required to continue working without pay, and the remainder sent home, some of whom have been forced to look for temporary work elsewhere to help pay their household bills. All are set to miss their second biweekly paycheck on Friday.

Some government services have been curtailed, as about 10 percent of airport security agents ordered to work have instead called in sick, some food inspections have been cut back, and museums and parks are closed. Federal courts warned they could run out of money by the end of the month. (VOA)

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This Decade to be Good for the Financial Health of Millennials

2020s Could Be Decade Millennials Finally Get Ahead

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Millennials
Share on Facebook Share on Twitter Share via Email Print this page The 2020s might be the decade faltering millennials finally roar to financial health. Pixabay

By Dora Mekouar

The 2020s might be the decade faltering millennials finally roar to financial health and lifestyle after a tough start brought on by the Great Recession, which lasted from 2007 until 2009.

Coming of age during the worst economic downturn in the United States since the 1930s meant that many of these young people, who are now in their mid-20s to late-30s, experienced a delayed entrance into the job market or accepted lower-paying jobs for which they were overqualified.

Many millennials were hard hit due to a variety of factors, including high unemployment, student loan debt, and an increased cost of living, particularly if they graduated from high school or college during the downturn.

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Millennials Andy and Stacie Proctor stand in their new home in Vineyard, Utah. VOA

“Since then, we’ve really had a lot of wage stagnation, particularly given that so many millennials started behind where they thought they would be,” says Jason Dorsey, president and lead millennial researcher at the Center for Generational Kinetics. “And it’s taken them longer to recover — if they have recovered.”

Experts also say U.S. millennials are the first generation to feel the full impact of decades of rising inequality in America.

A recent study found millennials are significantly financially worse off than previous generations were at the same age. Since 1996, the net worth of people under 35 has dropped by more than one-third, or 34 percent.

But things could be looking up for these younger Americans now that the average U.S. millennial is over the age of 30 and poised to enter the wealth-accumulation stage of their life.

“They’ve had a lot of time to learn about what it takes to succeed? What are the kinds of decisions that lead to the outcome that you want?” Dorsey says. “And for many millennials, boomers [people aged 55 to 75] are finally going to transition increasingly out of the workforce, which is going to create opportunity for them to actually move up into more management-style roles.”

Millennials
Juan Hernandez, 25, is among millennials nationwide with student debt who are worried about being able to qualify for a loan and come up with a down payment for a home. VOA

Millennials are at the age when Americans traditionally buy homes, start saving for the future, and invest for their retirement. It also will help that many have paid down their student debt now that they’ve been out of college for a number of years.

“And at the same time, many of them will become potentially two-income households and that’s also really helpful for many of them,” Dorsey says. “It’s sort of a perfect storm. It just happens to align with the 2020s. It’s not that the 2020s are this famous decade, but more so that millennials are hitting the times when they should start really saving and investing, and earning higher incomes relative to their spending.”

Also Read- Lower Physical Activity in Adulthood Leads to Obesity: Study

And if millennials blame previous generations for their current financial straits, it might cheer them up to know this is also the time many of them can expect to start inheriting wealth from their more well-off baby boomer parents or other relatives. (VOA)