NEW DELHI, INDIA: The US Congress, till midnight of 30 September, unfortunately, was unable to meet the deadline for funding the government, and lawmakers allowed it to shut down.
The White House has ordered federal agencies to suspend a vast array of activities shortly before midnight, after a day of frantic legislative volleying left Senate Democrats and House Republicans at an impasse over government spending and the 2010 federal health-care law.
The next steps to resolve the stalemate remain unclear at this point in time, and could take time. The earlier shutdowns in 1995 and 1996 lasted a total of 28 days.
A majority of the business that our industry has is with the private sector, and is not directly dependant on federal spending. Hence we do not see an immediate economic impact. If, however the shutdown continues for an extended period, there will be an overall macroeconomic impact that may affect the industry. Some services such as visa processing time that depend on federal budgets are expected to see delays.