#government shutdown

#government shutdown

In a development born of the government shutdown, the SEC announced Thursday that companies can proceed with IPOs using an obscure automatic approval process, now with the added bonus of skipping pricing information entirely. What's happening is that with 90% of SEC staff furloughed, startups can file their paperwork and have it automatically become effective after 20 days. This option always existed; firms just rarely use it because they prefer having SEC reviewers actually look at their disclosures before going public.

One national park is staying open through the government shutdown - Great Smoky Mountains National Park. The park, located in the Appalachian Mountains between North Carolina and Tennessee, will be fully staffed through the period, NPR reported. The outlet reported that seven local governments in the area were paying the park's 275 full time employees to keep the park operating during the shutdown. Local governments have raised nearly $2 million to keep the park running, per NPR.

They're already paying $2,000 a month with $10,000 deductibles. I'm getting phone calls from people that are saying if the ACA tax credits expire, they aren't going to be able to have health insurance.

I'm telling you the truth, and you can go look at all the documents yourself. Don't look at Republican paperwork. Look at the Congressional Budget Office, who said that we had at least 1.4 million illegal aliens draining the resources from Medicaid, which is why you put their forms into law and got it signed July 4th. Chuck Schumer and Hakeem Jeffries' counter-proposal for the CR would reverse all that.

That's a great achievement. We applaud her. I look forward to administering the oath of office to her to make her an official member of the House as soon as we get back to regular session. Right now, Chuck Schumer holds the cards on when that can happen because he is the one that has shut down the government, and that is a problem, Johnson said.

"Phoenix Education Partners, parent company of the for-profit University of Phoenix, which announced its IPO plans one day before the shutdown began, said on Wednesday that it has priced its shares at $32. That's the midpoint of its earlier targeted range of between $31 and $33 a share. The company intends to list on the New York Stock Exchange (NYSE) under the "PXED" ticker symbol. Selling shareholders will offer roughly 4.3 million shares of its common stock,"

Transport Secretary Sean Duffy said 53% of flight delays in the US are being caused by staffing issues. That's compared to around 5% before the government shutdown, which began last week. Airports around the US have seen delays as more air traffic controllers call in sick.

I hope that the furloughed workers receive back pay, of course. We have some extraordinary Americans who serve the federal government they serve valiantly and they work hard and they serve in these various agencies doing really important work, Johnson told a reporter.

The FAA anticipates that the airport's air traffic control tower will be without staff until 10 p.m. Monday, according to spokesperson Kristen Alsop. The tower was without staff starting at 4:15 p.m. Due to the government shutdown, air traffic controllers are working without pay. Transportation Secretary Sean Duffy said Monday that the FAA was seeing a small uptick in air traffic control workers calling in sick during the shutdown.