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How Government Shutdowns Affect the Economy
The federal government shutdown began at 12:01 a.m. Wednesday after Democrats and Republicans failed to reach a deal on a short-term spending plan. Shutdowns can squeeze the economy in different ways, from missed paychecks for hundreds of thousands of ...
A partial shutdown of the federal government may begin at midnight barring action by Congress on a spending bill to fund operations which could spark concern over the economic impact, although it's unlikely to have a significant impact based on past ...
The National Gallery of Art in Washington is closed during the U.S. government shutdown. (Brendan Smialowski/AFP via Getty Images) The U.S. economy could lose between $7 billion and $14 billion as a result of the government shutdown, according to a new ...
With bipartisan congressional talks to end the U.S. government shutdown bogging down on Friday, the hit to the national economy is growing, experts said. "Even if there is a reopening of the government in the next couple of weeks, you're going to see a ...
Despite the Federal Government shutdown on Wednesday, the financial markets hit new all-time highs this week. The S&P 500, DJIA, and Russell 2000 all closed at new record highs on Friday (October 3 rd). 1 The Nasdaq hit a new record high on Thursday.
WASHINGTON — Shutdowns of the federal government usually don’t leave much economic damage. But the one that started Wednesday looks riskier, not least because President Donald Trump is threatening to use the standoff to permanently eliminate thousands ...
The economic consequences of the current federal government shutdown hinge critically on how long it lasts. If it is resolved quickly, the costs will be small, but if it drags on, it could send the U.S. economy into a tailspin. That’s because the economy ...
Treasury Secretary Scott Bessent on Wednesday said the ongoing government shutdown could be costing the U.S. economy billions of dollars per day. Bessent said at a news conference the partial government shutdown is "starting to cut into muscle here" as ...
With tariffs unpopular and prices still high, the White House has teased the promise of tariff rebates and large tax refunds next year.
A sign welcomes visitors to the National Gallery of Art in Washington after the reopening of the federal government. The U.S. economy didn't get any better during the longest government shutdown in history, but the good news is that it probably didn't get ...