Want to catch up with the news quickly? Here are the top stories from Wednesday, September 20, 2023.
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1. GOP infighting pushes government toward shutdown
Congress has just 11 days to come to an agreement on government funding, otherwise the government will shut down at the end of the month.
House Republicans presented a stopgap measure that includes a nearly 8 percent cut on most federal agencies, as well as stricter border restrictions. The proposal also excluded funding for Ukraine and disaster relief.
Several Republicans are expected to vote against the bill in line with Democrats, making it unlikely to pass.
2. Biden speaks at UN General Assembly in support of Ukraine
The 78th Session of the Unite Nations General Assembly began in New York on Tuesday. President Biden made an impassioned speech in support of Ukraine, asking world leaders to stand firm in their support of the nation.
3. Economy showing signs of deteriorating
Fed officials are wrapping up their September meeting on Wednesday, where central bankers are widely expected to skip a rate hike. The goal is to bring down inflation and cool off the labor market while avoiding a recession.
Amid the Fed's meeting, consumer spending rates are down in the third quarter, raising alarm bells as the most important time of the economic year approaches — the holiday season.
4. U.S. southern border sees influx of migrants
Migrant crossings at the United States’ southern border are rising, according to the Department of Homeland Security, who said that there were more than 8,000 apprehensions on Monday.
Border crossings dropped after the expiration of Title 42, but began rising steadily over the summer. This led to border patrol forces separating some migrant children from their parents while the families were in custody, according to a recent report.
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