The federal government shutdown has entered its 36th day, becoming the longest shutdown in U.S. history. On Tuesday, the Senate rejected a House-passed funding bill for the 14th time, as Democrats demand an extension to health insurance premium tax credits under the Affordable Care Act. A recent report by the Kaiser Family Foundation found that allowing the subsidies to expire would more than double the average enrollee’s out-of-pocket premium payments, with some people seeing even larger increases of over 500%.
On Tuesday, Transportation Secretary Sean Duffy warned the U.S. could be forced to close vast swaths of U.S. airspace due to severe shortages of air traffic controllers, about 11,000 of whom have gone without pay throughout the shutdown. Duffy cautioned of “mass chaos” at airports if the shutdown continues for another week. Mere hours after Duffy’s comments, a UPS freight plane crashed at a Louisville, Kentucky, airport, killing at least nine people and leaving 11 others injured.
Meanwhile, President Trump on Tuesday appeared to defy federal court orders in a social media post in which he proclaimed that SNAP food assistance benefits “will be given only when the Radical Left Democrats open up government, which they can easily do, and not before!” That’s despite orders from two separate federal judges mandating that the administration keep funding SNAP, which helps some 42 million people purchase groceries each month. Press Secretary Karoline Leavitt later walked back Trump’s threat, saying the administration is following court orders to fund SNAP using a contingency fund. The White House says it’s only partially funding SNAP. On Tuesday, lawyers for cities and nonprofits returned to court seeking an order forcing the Trump administration to pay SNAP benefits rapidly and in full. This is Daletia Chung, a SNAP recipient in Maryland who predicted any further delays could lead to civil unrest.
Daletia Chung: “They’re asking for trouble, because people got children to feed, you know, and people know, people will go off on that. Now, I don’t know if anybody is trying to declare martial law under stuff like that, but you can set off a lot of huge problems. People have to eat.”
Report: Employers in dumps over shutdown fallout
Capital Highlights
Advisor News
- The 6X Formula for leveraging content marketing with AI
- When a home becomes difficult to insure, the plan changes
- The inheritance gap: Helping clients plan for money that hasn’t arrived
- After the midterms: Addressing your clients’ tax concerns
- Berkeley arts tax heads toward passage while public bank measure looks likely to fail
More Advisor NewsAnnuity News
- DOL, trade groups, state AGs file briefs supporting Alcoa in PRT lawsuit
- John Hancock launches new fixed indexed annuity suite
- Annuities to play a larger role in workplace retirement plans
- FHLBank Pittsburgh Announces Results in 2026 Board Election
- Regulators advance shorter, streamlined annuity buyers guide
More Annuity NewsHealth/Employee Benefits News
- Recent Findings from University of Maryland School of Medicine Has Provided New Data on Managed Care (Medicare Part D utilization management for negotiated drugs and within-class comparators, 2019-2026): Managed Care
- Kansas' rate of children without health insurance tops national average for second year
- Incoming chair of US Senate panel will seek healthcare overhaul, but unclear on details
- New Virginia subsidies help lure people back to health insurance
- High costs limit rural Nebraskans’ access to health care
More Health/Employee Benefits NewsLife Insurance News
- Three lawsuits put life insurers’ cost-of-insurance practices under scrutiny
- Military Briefs: November 12-18
- Security Benefit Series B Preferred Stock Dividend Rate Resets to 10.286%
- FHLBank Pittsburgh Announces Results in 2026 Board Election
- New Jackson Study Finds the "Sandwich Generation" Squeeze Comes from More Than Two Sides and It’s Quietly Draining Retirement Savings
More Life Insurance News