A historic shutdown is nearly over. It leaves no winners and much frustration
The fallout of the shutdown landed on millions of Americans, including federal workers who went without paychecks and airline passengers who had their trips delayed or canceled. An interruption in nutrition assistance programs contributed to long lines at food banks and added emotional distress going into the holiday season.
The agreement includes bipartisan bills worked out by the
Here's a look at how the shutdown started and is likely to end:
What led to the shutdown
The tax credit was boosted during the COVID-19 pandemic response, again through President
“Never have American families faced a situation where their health care costs are set to double — double in the blink of an eye,” said Senate Democratic leader
While
“Republicans are ready to sit down with
Thune eventually promised
Thune's position was much the same as the one Schumer took back in
Democratic leaders under pressure
<hl2/>
The first year of President
The
Schumer experienced that firsthand after announcing in March that he would support moving ahead with a funding bill for the 2025 budget year. There was a protest at his office, calls from progressives that he be primaried in 2028 and suggestions that the
This time around, Schumer demanded that
But those negotiations did not occur, at least not with Schumer.
“The Senate Democrats are afraid that the radicals in their party will say that they caved,” House Speaker
The blame game
The political stakes in the shutdown are huge, which is why leaders in both parties have held nearly daily press briefings to shape public opinion.
Roughly 6 in 10 Americans say Trump and
At least three-quarters of Americans believe each deserves at least a “moderate” share of blame, underscoring that no one was successfully evading responsibility.
Both parties looked to the
Damage of the shutdown
The
Beyond the numbers, though, the shutdown created a cascade of troubles for many Americans. Federal workers missed paychecks, causing financial and emotional stress. Travelers had their flights delayed and at times canceled. People who rely on safety net programs such as the
"This dysfunction is damaging enough to our constituents and economy here at home, but it also sends a dangerous message to the watching world," said Sen.
___
Follow the AP's coverage of the federal government shutdown at https://apnews.com/hub/government-shutdown.


New Data from Federal Reserve Bank Illuminate Findings in Economics (Patents, News, and Business Cycles): Economics
House passes bill to end longest government shutdown after 43 days
Advisor News
- Retaining clients by giving them a memorable experience
- Addressing the longevity paradox
- Employers shift focus from retirement access to financial outcomes
- Helping widowed clients navigate their new financial reality
- Navigating client communication in a digital age
More Advisor NewsAnnuity News
- Farm Bureau P&C insurers post first underwriting gain since 2021
- Legacy Marketing, Malibu Life launch two fixed indexed annuities
- Changing client priorities are reshaping annuity conversations
- Solen Software acquires annuity software provider Cooperative Technologies
- MassMutual Expands Lending Options With New Secured Credit Line
More Annuity NewsHealth/Employee Benefits News
- Texas insurer drops Medicare Advantage, drug plans
- Researchers at University of South Florida Release New Data on Managed Care (Graduate medical education funding and hospital quality: A longitudinal analysis of 881 teaching hospitals): Managed Care
- Researchers at Oregon Health & Science University (OHSU) Release New Data on Managed Care (Postpartum contraceptive use among Medicaid beneficiaries following Idaho’s abortion ban): Managed Care
- State of health care, part 3
- MOAA's TRICARE Guide: Transitioning Into Military Retirement
More Health/Employee Benefits NewsLife Insurance News