Global News Roundup: US Government Shutdown and More

Welcome to today’s edition of the Need to Know blog, where we bring you the latest headlines making waves around the world.

US Government Faces Shutdown Due to Funding Deadlock

The United States government officially shut down at midnight on Tuesday (2 PM Wednesday AEST) after both major political parties, Republicans and Democrats, failed to agree on funding legislation. This shutdown is projected to affect approximately 750,000 federal employees, leading to an estimated daily cost of $400 million for the government.

Concerns Over China-BHP Iron Ore Purchase Stalemate

In response to reports that China has temporarily halted iron ore purchases from BHP, Australia’s largest mining company, Prime Minister Anthony Albanese expressed concern. He called for an expedited resolution to the trade issue to safeguard Australian interests in the mining sector.

Trump Urges Hamas to Respond to Peace Proposal

US President Donald Trump announced on Tuesday (Wednesday AEST) that Hamas has a deadline of “three or four days” to react to his administration’s newly proposed 20-point peace plan, which has garnered support from Israel.

Impact of 5% Deposit Scheme on Housing Market

Prime Minister Albanese acknowledged that the introduction of a 5% deposit scheme aimed at assisting first-home buyers would likely have only a “minimal impact” on housing prices. This policy came into effect as of Wednesday, aiming to address housing affordability.

Women Unlimited Leadership Summit to Feature Kamala Harris

Former US Vice President Kamala Harris will headline the Women Unlimited Leadership Summit scheduled for February 18-20, 2026, in Sydney and Canberra. She will participate in interviews conducted by former ABC journalist Leigh Sales during the two-day event.

Philippines Earthquake Casualties Rise

The death count following a 6.9-magnitude earthquake that struck the central Philippines on Tuesday has increased to 69, according to disaster management officials. The government is mobilizing various agencies to assist in rescuing survivors and restoring essential utilities like power and water.

Stay tuned for more updates as we continue to follow these significant developments in the coming days.