A6
NATION/WORLD
East Oregonian
Tuesday, January 22, 2019
Trump’s shutdown solution hangs in limbo
By JILL COLVIN AND
LISA MASCARO
Associated Press
WASHINGTON
—
President Donald Trump’s
proposal to break through the
budget deadlock appeared
to be gaining little trac-
tion Monday, as another
missed paycheck loomed
for hundreds of thousands
of workers and the partial
federal shutdown stretched
into its fifth week.
Despite the fanfare of the
president’s announcement,
voting in Congress was not
expected to unfold until later
in the week. Even then it
seemed doubtful that legis-
lation based on Trump’s plan
had any chance of swiftly
passing the Senate. Repub-
licans hold a 53-47 majority
but would need Democrats
to reach the usual 60-vote
threshold for bills to advance.
Not a single Democrat
publicly expressed support
for the deal in the 48 hours
since Trump announced it.
Senate Democratic leader
Chuck Schumer’s office reit-
erated Monday that they
are unwilling to negotiate
any border security funding
until Trump reopens the
government.
“Nothing has changed
with the latest Repub-
lican offer,” said Schumer
spokesman Justin Goodman.
“President Trump and Senate
Republicans are still saying:
‘Support my plan or the
government stays shut.’ That
isn’t a compromise or a nego-
tiation — it’s simply more
hostage taking.”
While the House and
Senate are scheduled to be
back in session Tuesday, no
votes have been scheduled
so far on Trump’s plan. And
senators, who will be given
24-hour notice ahead of
voting, have yet to be recalled
to Washington.
McConnell spokesman
David Popp said Monday that
the GOP leader “will move”
to voting on consideration of
the president’s proposal “this
week.”
Trump, who on Sunday
lashed out at House Speaker
Nancy Pelosi, accusing her
of acting “irrationally,”
continued to single her out on
Twitter.
“If Nancy Pelosi thinks
that Walls are “immoral,” why
isn’t she requesting that we
take down all of the existing
Walls between the U.S. and
Mexico,” he wrote Monday.
“Let millions of unchecked
“strangers” just flow into the
U.S.”
House Democrats this
week are pushing ahead with
voting on their own legisla-
tion to reopen the government
and add $1 billion for border
security —including 75 more
immigration judges and infra-
structure improvements —
but no funding for the wall.
Trump later tweeted:
“Democrats are kidding
themselves (they don’t really
believe it!) if they say you
can stop Crime, Drugs,
Human Trafficking and Cara-
vans without a Wall or Steel
Barrier. Stop playing games
and give America the Secu-
rity it deserves. A Humani-
tarian Crisis!”
Meanwhile, the impact
of the shutdown — the
longest ever — continued to
ripple across the nation as it
stretched into its 31st day.
The Transportation Secu-
rity Administration said
the percentage of its airport
screeners missing work hit 10
percent on Sunday — up from
3.1 percent on the comparable
Sunday a year ago.
The screeners, who have
been working without pay,
have been citing financial
hardship as the reason they
can’t report to work. Even so,
the agency said that it screened
1.78 million passengers
Sunday with only 6.9 percent
having to wait 15 minutes or
longer to get through security.
The shutdown had also
threatened to disrupt plans
for an annual Martin Luther
King Jr. Day service at Atlan-
ta’s Ebenezer Baptist Church,
where the civil rights leader
was co-pastor with his father
from 1960 until his assassi-
nation in 1968. The site is run
by the National Park Service
and had been closed. But a
grant from Delta Air Lines is
keeping the church and asso-
ciated sites, including the
home where King was born,
open through Feb. 3.
World economy forecast to slow in 2019 amid trade tensions
By PAUL WISEMAN
AP Economics Writer
DAVOS,
Switzerland
— The world economy
absorbed more bad news
on Monday: The Interna-
tional Monetary Fund cut
its growth forecast for 2019.
And China, the world’s
second-biggest economy,
said it had slowed to its
weakest pace since 1990.
The IMF cut its esti-
mate for global growth this
year to 3.5 percent, from the
3.7 percent it had predicted
in October and down from
2018’s 3.7 percent. The
fund cited heightened trade
tensions and rising interest
rates.
“After two years of
solid expansion, the world
economy is growing more
slowly than expected and
risks are rising,” said
IMF Managing Director
Christine Lagarde as she
presented the forecasts at
the World Economic Forum
in Davos, Switzerland.
The IMF is not alone in
its pessimism. The World
Bank, the Organization
AP Photo/Markus Schreiber
An armed Swiss police officer stands guard on the roof of the congress center where the
annual meeting of the World Economic Forum, WEF, took place in Davos on Monday.
for Economic Cooperation
and Development and other
forecasters have also down-
graded their world growth
estimates.
Among the key concerns
is the Chinese economy.
The country is slowing just
as its leadership tries to
turn it into a more modern
economy by reducing its
reliance on manufacturing
and exports and increasing
consumer spending.
The country reported
Monday growth of 6.6
percent in 2018, the weakest
since 1990. Demand for
Chinese exports weak-
ened last year and the IMF
expects China’s growth to
decelerate again this year —
to 6.2 percent.
The IMF left its predic-
tion for U.S. growth this year
unchanged at 2.5 percent —
though a continuation of
the partial 31-day shutdown
of the federal government
poses a risk.
The IMF trimmed the
outlook for the 19 countries
that use the euro as their
currency to 1.6 percent from
1.8 percent. Germany got
a big downgrade from the
IMF, the result of weaker
demand for German exports
and problems in the coun-
try’s auto industry.
Britain’s messy divorce
from the European Union
and Italy’s ongoing financial
struggles also pose threats
to growth in Europe.
Emerging-market coun-
tries are forecast to slow to
4.5 percent from 4.6 percent
in 2018. That is partly a
result of China’s decelera-
tion, which pinches devel-
oping countries that supply
it with raw materials such as
copper and iron ore.
“China’s growth slow-
down could be faster than
expected especially if trade
tensions continue, and this
can trigger abrupt sell-offs
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J ANUARY 22, 2019
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in financial and commodity
markets” — something that
happened when Chinese
growth sputtered in 2015,
said IMF chief economist
Gita Gopinath.
Under President Donald
Trump the United States
has imposed import taxes
on steel, aluminum and
hundreds of Chinese prod-
ucts, drawing retaliation
from China and other U.S.
trading partners.
“Higher trade uncer-
tainty will further dampen
investment and disrupt
global supply chains,” Gopi-
nath said.
Rising interest rates in the
U.S. and elsewhere are also
pinching emerging-market
governments and compa-
nies that borrowed heavily
when rates were ultra-low in
the aftermath of the 2007-09
Great Recession.
As the debts roll over,
those borrowers have to
refinance at higher rates. A
rising dollar is also making
things harder for emerg-
ing-market borrowers who
took out loans denominated
in the U.S. currency.
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The First 48
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HomicideAtlanta HomicideAtlanta L. Remini
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Many Sides of
:05 L. Remini
<+++ The Breakfast Club
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The Vet Life
R. Mountain Vet Pit Bull Parolees Pit Bull Parolees Lone Star Law
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Home I. Home I. Home I. Home I. Home I. Home I. Last Man Last Man Last Man Last Man < Talladega Nights: The Ballad of Ricky Bob... < Talladega Nights: The Ballad of Ricky Bob... <++ The Campaign Will Ferrell.
Closing Bell
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