PANews reported on January 31 that, according to CCTV News, the Director of the White House Office of Management and Budget issued a memo to department heads thatPANews reported on January 31 that, according to CCTV News, the Director of the White House Office of Management and Budget issued a memo to department heads that

The White House Office of Management and Budget has instructed affected agencies to begin implementing the shutdown plan.

2026/01/31 10:59
News Brief
On January 31, CCTV News revealed that the White House Budget Director had instructed agency heads to brace for a government shutdown beginning at midnight, as their funding was depleting rapidly. Impacted agencies include Defense, Homeland Security, State, Treasury, Labor, Health and Human Services, Education, Transportation, and Housing and Urban Development. Russ Vought clarified that due to Congress's inability to complete its work on schedule, these agencies must immediately activate their shutdown protocols; however, employees should continue reporting for duty and managing routine responsibilities throughout this transition period. Furthermore, he emphasized that the administration would maintain collaboration with Congress to address recent challenges and finalize fiscal year 2026 funding, expressing hope that any shutdown would be brief. Previously, on March 30, the Senate approved a spending measure for most federal departments before forwarding it to the House. Nevertheless, with House members absent from Washington until Monday, February 2, a partial shutdown became inevitable starting early March 31. House Speaker Mike Johnson indicated during a confidential Republican conference call that the chamber would likely vote Monday evening utilizing an expedited procedure.

PANews reported on January 31 that, according to CCTV News, the Director of the White House Office of Management and Budget issued a memo to department heads that day, instructing agencies whose funding was due at midnight to begin preparing for a government shutdown. These agencies include the Department of Defense, Department of Homeland Security, State Department, Treasury Department, Department of Labor, Department of Health and Human Services, Department of Education, Department of Transportation, and Department of Housing and Urban Development. Russ Vought stated, “Given that Congress is clearly unable to complete its work before the funding expires, affected agencies should now implement orderly shutdown plans. Employees should report to work on time, fulfill their next regular work duties, and conduct orderly shutdown activities. The government will continue to work with Congress to address recently raised issues and complete the funding for fiscal year 2026. We hope this shutdown will not be too long.”

On March 30th local time, the U.S. Senate passed a spending bill to fund most departments of the federal government and sent it to the House of Representatives for consideration. Since House members are not in Washington and will not return until Monday (February 2nd), a Senate vote will inevitably result in a partial government shutdown beginning in the early hours of March 31st. House Speaker Mike Johnson stated in a private call with House Republicans that the most likely way for the House to pass the bill is through a fast-track vote on Monday evening.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

LayerZero Foundation initiates buyback of 50 million ZRO from early backers

LayerZero Foundation initiates buyback of 50 million ZRO from early backers

The post LayerZero Foundation initiates buyback of 50 million ZRO from early backers appeared on BitcoinEthereumNews.com. Key Takeaways LayerZero Foundation has initiated a buyback for 50 million ZRO tokens. The buyback targets early investors who supported LayerZero during its early development stages. LayerZero Foundation, the non-profit entity overseeing the development of the LayerZero blockchain interoperability protocol, today initiated a buyback of 50 million ZRO tokens from early backers. The buyback targets tokens held by initial investors who provided funding during the project’s early development phases. Token buybacks in crypto are typically used to reduce circulating supply and signal long-term confidence in the protocol. ZRO launched in June 2024 with an initial fully diluted valuation of around $3.0 billion. The foundation distributed 8.5% of the token supply through an airdrop on launch day to bootstrap community participation. LayerZero’s protocol connects over 50 blockchains and has facilitated more than 100 million cross-chain messages since launch, enhancing liquidity across decentralized applications. Source: https://cryptobriefing.com/layerzero-zro-token-buyback-early-backers-2025/
Share
BitcoinEthereumNews2025/09/23 10:36
Will XRP Price Increase In September 2025?

Will XRP Price Increase In September 2025?

Ripple XRP is a cryptocurrency that primarily focuses on building a decentralised payments network to facilitate low-cost and cross-border transactions. It’s a native digital currency of the Ripple network, which works as a blockchain called the XRP Ledger (XRPL). It utilised a shared, distributed ledger to track account balances and transactions. What Do XRP Charts Reveal? […]
Share
Tronweekly2025/09/18 00:00
Why Was Coinbase’s Brian Armstrong Snubbed by Top US Bank CEOs at Davos?

Why Was Coinbase’s Brian Armstrong Snubbed by Top US Bank CEOs at Davos?

The post Why Was Coinbase’s Brian Armstrong Snubbed by Top US Bank CEOs at Davos? appeared first on Coinpedia Fintech News Reportedly, JPMorgan CEO Jamie Dimon
Share
CoinPedia2026/01/31 16:43