Rep. Wayne Owens, D-Utah, said Thursday that if Congress can't adopt a budget by Monday to avoid unpaid furloughs of federal employees, it might just push the country into recession.
In a speech on the House floor, Owens said the layoffs that would come through automatic, across-the-board cuts through the Gramm-Rudman budget balancing law would give unpaid leaves to 2.4 million workers and cripple such services as air traffic control and drug interdiction."Make no mistake about it. When you close down the government, you close down the economy. Already teetering on the brink of recession, the American economy will fall into major economic turmoil of Gramm Rudman hits," he said.
He noted that budget summiteers had made some movement toward compromise on capital gains taxes and other sticking points.
"We're close. Let's stay in session this weekend until we make a budget decision," Owens said. "