🚗 #GateSquareCommunityChallenge# Round 2 — Which coin is not listed on Gate Launchpad❓
Time to prove if you’re a true Gate veteran!
💰 Join the challenge — 5 lucky winners will share $50 in GT!
👉 How to participate:
1️⃣ Follow Gate_Square
2️⃣ Like this post
3️⃣ Comment with your answer
🗓️ Deadline: October 8, 2025, 24:00 (UTC+8)
The U.S. government is on the brink of shutting down on 10/1! Trump angrily criticized the Democrats as "unrealistic" for halting negotiations, with both parties stuck in disagreement.
The U.S. government is facing an imminent shutdown, and if Congress fails to pass an appropriations bill or a temporary funding extension (continuation resolution, CR) by the end of the fiscal year on September 30, the government will officially close some departments on October 1. This will affect the livelihoods of hundreds of thousands of federal employees and affect many government public functions, such as national parks and immigration services. (Synopsis: The U.S. government shutdown crisis reappears!) The federal spending of $600 billion in February is a record, Musk DOGE cut spending is ineffective? (Background supplement: The US government shutdown crisis is lifted!) Biden signs "temporary spending bill", Trump shouted to raise the debt ceiling unsuccessfully) The US federal government is facing a crisis of imminent shutdown, and if Congress cannot pass an appropriations bill or a temporary funding extension (continuation resolution, CR) before the end of the fiscal year on September 30, the government will officially close some departments from October 1. This will affect the livelihoods of hundreds of thousands of federal employees and affect many government public functions, such as national parks and immigration services. However, at present, the differences between Republicans and Democrats on funding are difficult to resolve, and President Trump abruptly canceled key talks with Democratic leaders on September 23, stalling negotiations and sharply raising the risk of a government shutdown. Why are you at risk of closing? The U.S. federal government passes 12 appropriations bills each year to fund about a quarter of the federal spending budget (i.e., "discretionary" spending, covering defense, health care, education, and more). Currently, fiscal year 2025 ends on September 30, but Congress has yet to pass any full bill. Historically, the U.S. government has repeatedly shut down due to similar disputes, such as the 35-day shutdown in 2018-2019, which caused billions of dollars in economic losses. Trump Calls Off Talks In order to avoid a shutdown, Republicans and Democrats have recently engaged in a fierce game. First, on September 19, the House of Representatives passed a Republican-sponsored short-term appropriations bill by a margin of 217 votes to 212 to keep the government running until November, but Senate Democrats blocked it on the grounds of ignoring health care needs. Then on September 22, Senate Minority Leader Chuck Schumer and House Minority Leader Hakeem Jeffries publicly called on Trump to negotiate and scheduled to meet at the White House this week to try to reach a consensus. Originally, this meeting was regarded as the last negotiation window by the outside world, but Trump directly stopped the meeting on his social platform Truth Social on September 23 on the grounds that the Democratic proposal's proposal was "not serious and absurd", and he forcefully said: "Unless they become pragmatic, the meeting will be meaningless." The Democrats, who were turned away, immediately fought back. Hakeem Jeffries bluntly said on Platform X that Trump is "always timid" and criticized extremist factions for delaying health care reform; Chuck Schumer also pointed out in the post that Trump "backed down before he came to the negotiating table" and must be held responsible for the possible consequences of the shutdown. CBS News notes that at the heart of the crisis are bipartisan positions on the funding bill: Republicans insist on extending funding until November 21 and demand no additional policies to avoid increasing the deficit. They accused the Democrats of jeopardizing military salaries and disaster relief, and Trump called them "a betrayal of the America First strategy." Democrats have called for the inclusion of Medicaid extensions and disaster relief funds in the bill, arguing that they are necessary to protect the American people. They have criticized Republicans for "holding the government hostage" and ignoring health care for millions. With both proposals blocked and Congress adjourned, there is very little time left for substantive negotiations. The negative impact of the shutdown If the government shuts down from 1 October, non-essential services will be suspended in response, and the negative impact will be widespread. First, federal employees: About 800,000 federal employees will face unpaid leave, and although they can be paid later, their lives may still be affected in the short term. The second is public services: national parks are closed, immigration hearings are canceled, student loan processing is delayed, tax services are disrupted, and people's daily lives will be greatly affected. Then there's the economic shock: every week of closure could cost billions of dollars, severely impacting supply chain health and consumer confidence. At present, the two sides show no signs of backing down, and the American people can only hope that the pressure of the shutdown has accumulated to a critical point, forcing the two sides to compromise or reach a compromise. Related stories Heavy! The United States will open stablecoins to settle Wall Street derivatives! CFTC Acting Chairman: Gather Public Comments by 10/20 Washington Accelerates Digital Asset Legislation! CFTC Acting Minister: Strive to make the United States the world's crypto leader Argentina's inflation soared by 37% in a single month! The US rescue is useless, the people buy bitcoin, stablecoins to hedge "The US government is on the verge of closing its doors on the verge of 10/1! Trump angrily scolded the Democratic Party for "not being pragmatic" and called off the talks, and the two parties were at a stalemate" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".