VP JD Vance (David Paul Morris - Bloomberg via Getty Images)
Budget warning and what it means
Vice President JD Vance said the United States is “headed to a shutdown” unless Republicans and Democrats find agreement, following talks with Democratic lawmakers. The core dispute centers on the terms of a stopgap funding bill and reported disagreements over health care-related tax measures. This is a familiar moment for Washington near the October start of the federal fiscal year, when agencies require new appropriations or a temporary extension to keep running. If those funds lapse, the Antideficiency Act forces unfunded agencies to halt nonessential activities until Congress acts.