US EditionThe US Government Officially Shut Down Today. Here's How It's Impacting Jacksonville
Congressional deadlock over healthcare and funding extensions halted federal operations, risking economic disruptions with a potential $4 billion EU GDP loss in two weeks, economists said.
- On Wednesday at 12.01am US Eastern time, the US government shut down after Congress failed to approve funding as the 2025 financial year ended on September 30, 2025.
- Republicans control both chambers but lack the 60 Senate votes needed, and Democrats refused the Republican bill over healthcare and tax-credit concerns.
- Government agencies are scaling back federal operations like loans and permits, while ports and customs reduce staff, disrupting European exporters with regulatory uncertainty.
- European businesses could feel negative effects from trade delays and lower demand, while investors may react with downward stock swings amid slower growth and inflation pressures.
- If the standoff endures, economists warn a two-week shutdown could cost EU GDP 4 billion, and eight weeks could raise the impact to 16 billion, with rising US bond risks.
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Donald Trump blows up his own approval ratings over embarrassing US government shutdown - The Mirror
Trump's administration is set to furlough 750,000 workers as government activities come to a standstill due to the inability of Republican and Democratic lawmakers to resolve a budget standoff
What's Shutting Down Today
The Congressional Budget Office estimates that 750,000 employees could be furloughed during the “Schumer Shutdown.” Bloomberg reported that about one-third of federal employees will be furloughed during the shutdown. Last time, in 2019, it was 40%. It will affect the economy. The longer the shutdown, the worse it will be. Homeland Security DHS will furlough nearly 23,000 […] The post What’s Shutting Down Today appeared first on www.independentse…
Until shortly before the end of the deadline, Democrats and Republicans have been arguing over a transitional budget, and in the end they have not been able to reach an agreement.
The U.S. government partially shut down on Wednesday after Congress and the White House failed to reach a budget deal amid bitter bipartisanship, marking the beginning of a protracted crisis that could lead to the loss of thousands of federal jobs.
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