U.S. government shutdown starting to affect U.S. economy
The ripple effects of the U.S. government shutdown are starting to hit the country's multi-billion dollar defense industry.
Lockheed Martin says it has put 3-thousand workers on unpaid leave and warned that additional workers may also be sent home if the shutdown continues.
This follows helicopter manufacturer United Technologies' decision to lay off some 2-thousand employees following the shutdown.
"They should give up their paychecks. You know, they should reserve the right to get a paycheck, to know what it feels like to not have the money to provide for your family, to be able to put food on the table, to be able to put gas in your car."
At the Asia-Pacific Economic Cooperation meeting in Bali on Sunday, U.S. Commerce Secretary Penny Pritzker warned that more businesses in the U.S. will suffer from the federal shutdown.
In turn, Asian leaders at the meeting voiced their fears about the impact the U.S. shutdown will have on the global economy and called for Washington to find a "better way" to deal with its fiscal problems.
The U.S. government is currently in deadlock over its budget issues.
Republican House Speaker John Boehner says he will refuse to raise the U.S. debt ceiling without a "serious conversation" with the Obama administration.
Republicans want President Obama's signature health care law delayed in return for them approving the federal budget.
President Obama is refusing to negotiate with the Republicans unless they pass a temporary bill to reopen the federal government.
Obama also wants to raise the country's borrowing limit of 16.7-trillion dollars in order to avoid debt default, which could happen next week, if the two sides fail to reach a compromise.
Kim Ji-yeon, Arirang News.
Reporter : firstname.lastname@example.org