The Shutdown of U.S. Government

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The partial shutdown of U.S. government started on Oct.1 st, has brought impacts to its nation and even the entire world. The dispute between Republicans (anti-Obamacare) and Decorates (pro-Obamacare) directly led the delay of budget bills. Even though the social security department is still functioning appropriately, the shutdown of the government still results in closures of national parks, stagnation of government-related work and the furlough of over 800,00 federal workers.

 

The closure of national parks impacted the American tourism hugely. The Chinese national long week-off happens at the same time while the U.S. government is shutdown. Since it is one of the longest national vacation in China, every scenic spot expects to get profit from it. Closures of national parks force visitors to go to somewhere else. A Chinese visitor, Miss He says: “The trip to U.S. makes me cry!” on Weixing (Chinese Twitter) when she was in Washington, D.C during the government shutdown.

 

The shutdown of U.S. government may affect the global economy. Ted Wieseman in Morgan Stanley expressed in The Wall Street Journal that it won’t be a big deal to the market either in the short term or in the long term. The Assets Management, Trevor Greetham, said on The Wall Street Journal, the shutdown is beneficial to the stock market.

 

 

 

 

http://www.cbc.ca/news/world/u-s-government-shutdown-what-s-next-1.1875050(Reference of CBC News, U.S. government shutdown: What’s next?)

http://news.163.com/13/1003/16/9A9AVIN60001121M.html (163News on the impacts of U.S. government shutdown on China)

http://baike.baidu.com/link?url=cwKidUZo8mb_p3Q4Z9WIax4fZ5tGGHTRHLdgYSlUA-RS0c_4Gfh9EafSFzOlWUZBeX_yrbXt9F0yBhp7mo2vBK#refIndex_19_5567902 (Chinese Wikipedia about the government shutdown)

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