Treasury Secretary Janet Yellen will warn Congress in a speech later Friday morning that a government shutdown would be “dangerous and unnecessary” because it would undermine the American economy and disrupt key government functions.
With the government on the brink of a shutdown later this week as Congress remains at an impasse on a funding deal, federal departments and agencies have formally begun the mandatory process of planning to bring nonessential functions to a halt.
The prospect of a US government shutdown grows more likely with each passing day as lawmakers have yet to reach a deal to extend funding past a critical deadline at the end of the month.
Grocery prices in the United States cooled in August, up just 0.2% for the month. That’s an improvement from July, when grocery prices were up 0.3%, according to the latest Consumer Price Index, released Wednesday.