Stock futures point lower; budget stand-off warnings - what's moving markets
U.S. lawmakers are attempting to find a resolution to an ongoing budget stand-off ahead of October 1, when the federal government is set to run out of funding for its operations.
Washington's latest budgetary showdown comes only a few months after a battle over the U.S. debt limit almost brought the world's largest economy to the brink of a damaging default. Hardline Republicans and allies to former president Donald Trump have voiced their disapproval of the outcome of the debt-ceiling fight, suggesting that they are even less likely to back a new fiscal agreement.
Meanwhile, the WGA encouraged its members to stand with the actors' union, SAG-AFTRA, which has seen talks with studios and streaming companies stall. Hollywood executives, however, are optimistic that the breakthrough in the WGA negotiations may help forge a path ahead for a potential deal with SAG-AFTRA.
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