🇺🇸Week of July 13

Federal agencies are preparing shutdown contingency plans as government funding talks remain stalled ahead of the deadline.1

Attributed claim: The New York Times: Federal agencies have begun reviewing shutdown contingency plans covering staffing, benefit payments and public services.2

Attributed claim: The Guardian US: Federal workers described uncertainty over pay and staffing as government funding talks stalled ahead of the shutdown deadline.3

The consumer price index rose more slowly than forecast, reinforcing expectations that the Federal Reserve could cut its benchmark interest rate later this year.1

Attributed claim: The Washington Post: Economists said the inflation data strengthens the case for the Federal Reserve to cut interest rates, though officials remain cautious.2

Attributed claim: Fox News: Commentators argued the inflation report removes the last justification for the Federal Reserve to hold interest rates at current levels.3

Government funding negotiations paused after the two sides failed to agree on topline discretionary spending, raising shutdown risk.1

Attributed claim: National Review: Conservative commentators argued the government funding fight is worth having to restrain discretionary spending growth.2