September 2023 - OGM News NG

Senator Dianne Feinstein, Strong Advocate for Progressive Causes, Passes Away at 90

admin1 year ago11 months ago06 mins

Senator Dianne Feinstein of California in United States Senate passed away at the age of 90.

Elections Petition Tribunal Labor Party, TUC and NLC

NLC/TUC Strike Politicized: Labor Party’s Support Reflects 2023 Nigeria Presidential Election Grief

Sir La'Blu1 year ago11 months ago011 mins

the Labor Party wasted no time in drawing parallels between the ongoing scenario and their past grievances, particularly their loss in the 2023 presidential election and subsequent defeat in the Election Tribunal.

Nigerian Labour Congress (NLC) and the Trade Union Congress (TUC)

NLC and TUC Unite on Strike: Nigeria Braces for Nationwide Protests

admin1 year ago11 months ago04 mins

Nigerian Labour Congress (NLC) and the Trade Union Congress (TUC) jointly announced their unwavering commitment to demand justice for the Nigerian people.

EFCC Apprehended 80 Suspected Illegal Miners in Kwara State

admin1 year ago11 months ago05 mins

Kwara state government’s commitment to combat illegal mining was reaffirmed during a visit by the EFCC.

As the deadline for a government shutdown looms, President Joe Biden has issued a stern warning to Republican conservatives, emphasizing the fundamental responsibility of Congress to fund the federal government. The ongoing standoff between political parties regarding funding decisions has raised concerns across the nation, as the potential shutdown threatens to disrupt various essential sectors, both public and private. President Biden implored House Republicans not to backtrack on the debt deal he had previously reached with House Minority Leader Kevin McCarthy earlier this year. This deal had established federal government funding levels and was duly signed into law following approval from both the House and Senate. However, recent developments have cast doubt on whether this agreement will be upheld. "We made a deal, we shook hands, and said this is what we're going to do. Now, they're reneging on the deal," Biden expressed on Monday, underlining the importance of adhering to agreed-upon commitments. The House is slated to vote on a package of bills aimed at funding various government functions on Tuesday evening. However, it remains uncertain whether McCarthy has garnered the necessary support to advance this legislation. In parallel, the Senate is actively working on a bipartisan plan for a stopgap measure, intending to extend the deadline and secure continued government funding as congressional negotiations persist. The impending government shutdown, should it occur, carries significant risks for both public and private sectors, prompting concerns across the board. One of the most critical areas of concern is the defense sector. While defense leaders assure that the nation's security will not be compromised, service members may find themselves fulfilling their duties without receiving their due compensation. Training operations could be curtailed, affecting long-term readiness and potentially impacting efforts to support nations like Ukraine. "A shutdown ... puts the government on a complete standstill," noted Deputy Pentagon Press Secretary Sabrina Singh. "But the U.S. military is going to continue to do its job and protect our national security interests and ... those of our allies and partners as well." However, despite the commitment to national security, a government shutdown poses challenges for service members and their families, affecting their financial stability and overall well-being. The potential for troops to go without pay underscores the urgency of reaching a resolution in Congress to avert a shutdown. In addition to defense, millions of federal workers, including military personnel and civilian employees, face the prospect of delayed paychecks if a shutdown occurs. Approximately 60 percent of federal workers are associated with the Defense, Veterans Affairs, and Homeland Security departments, highlighting the widespread impact. Furthermore, the U.S. credit rating may face increased scrutiny and potential downgrades. Moody's Investors Service has expressed concern about the weakening of institutional and governance strength if a government shutdown takes place. Such downgrades could lead to higher borrowing costs, although previous downgrades by Fitch Ratings and S&P had minimal market impact. The repercussions of a government shutdown extend beyond federal workers, affecting government services, businesses, and financial markets. Delays in government services, such as clinical trials, firearm permits, and passport applications, could disrupt citizens' lives. Federal contractors and businesses linked to government operations may experience disruptions, with the travel sector potentially losing $140 million daily. Goldman Sachs has estimated that a government shutdown could reduce economic growth by 0.2 percent per week, with a subsequent rebound once the government reopens. The disruption in government services also undermines confidence in the government's ability to fulfill its fundamental duties, impacting the broader economy. The judiciary, however, will continue to operate for a limited time using funds from court filings and approved sources, ensuring that essential legal processes continue unaffected. Additionally, the shutdown would not impact the funding for special counsels handling investigations involving individuals such as Donald Trump and Hunter Biden. These special counsels are financed through a permanent, indefinite appropriation, exempting them from shutdown-related disruptions. Air travelers could experience significant delays and longer wait times at airports across the country, reminiscent of previous government shutdowns. A shortage of air traffic controllers could exacerbate the situation, potentially hindering air travel. Vital programs like SNAP (Supplemental Nutritional Assistance Program) and WIC (Special Supplemental Nutrition Program for Women, Infants, and Children) have contingency funds that can carry over past the government funding deadline. However, extended shutdowns could pose challenges for aid disbursements. As the specter of a government shutdown looms, the potential consequences for public and private sectors are significant. The outcome of ongoing congressional negotiations remains uncertain, and all eyes are on lawmakers, particularly in the House, as they grapple with the impending deadline and the need to ensure the uninterrupted functioning of government services and programs.

Government Shutdown: 10 Devastating Consequences the Impending Chaos

admin1 year ago11 months ago08 mins

a government shutdown poses challenges for service members and their families, affecting their financial stability and overall well-being.

HSBC customers will enjoy the convenience of making payments with a selection of cryptocurrencies, including popular options like Shiba Inu (SHIB) and XRP.

HSBC Embraces 2 Cryptocurrencies for Mortgage Payments to Promote Crypto Adoption

admin1 year ago11 months ago05 mins

HSBC customers will enjoy the convenience of making payments with a selection of cryptocurrencies, including popular options like Shiba Inu (SHIB) and XRP.

Kusama explained that Shiba Hub-Shiba Inu

Shiba Inu’s Super App Unveiled Shiba Hub for 2023 Decentralized Cryptocurrency Community

admin1 year ago11 months ago07 mins

Kusama explained that Shiba Hub is designed to serve as a super app within the Shiba Inu ecosystem.

Omokri: Peter Obi is the Least Qualified Candidate in the 2023 Presidential Election

F.M P1 year ago11 months ago08 mins

Omokri delved into Peter Obi’s legacy during his tenure as Governor of Anambra State.

Lagos State Governorship 2023 Election Tribunal Upholds Sanwo-Olu’s Re-election with Strong Legal Backing

Sunday Alabi1 year ago11 months ago011 mins

The judge firmly established that Sanwo-Olu and his deputy, Dr. Obafemi Hamzat, met all these criteria to be elected in Lagos State.

Supreme Court Premises on Fire in Nigeria, Raises Concerns over 100s of Document Loss

admin1 year ago11 months ago06 mins

People close to the inner workings of the Supreme Court disclosed that the fire initially ignited in Chamber 5

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China Executes Li Jianping for $412M Scandal, A Shocking Example...

Proud Dad Moment: Nollywood Icon Richard Mofe-Damijo Celebrates Daughter Aduke’s...

December 2024