SHUTDOWN AFFECTS MORE THAN FEDERAL WORKERS
The Trump administration is using the shutdown to buttress priorities it favors while seeking to dismantle those it doesn't. Still,
The shutdown began
Furloughs and firings
The federal government employed nearly 2.3 million civilian employees as of
Both groups of workers will get paid, but on a retroactive basis. That means they face the prospect of missing a full paycheck after receiving a partial one for work performed in late September.
The nation's 1.3 million active-duty service members got a temporary reprieve when Trump ordered the Pentagon to redirect money. A second reprieve looks unlikely.
The government tab for paying furloughed workers while they are at home comes to roughly
The administration is trying to fire thousands of federal workers in agencies that don't align with its priorities. While Republican leaders in
The Republican administration announced a reduction in force affecting 4,100 workers, with the biggest cuts happening at the departments of
A federal judge temporarily blocked the firings, saying the cuts appeared to be politically motivated and were carried out without much thought.
Lawmakers acknowledge that many federal workers live paycheck to paycheck and will face some financial stress during the shutdown. Food banks in some communities boosted efforts to help them.
Economic impact
Past shutdowns had slight impacts on the economy, reducing growth in the quarter during which the shutdown occurs, but growth increases slightly in the following three months to help make up for it.
One estimate from
Some industries are hurt worse than others.
The
The
Political fallout
The party that insists on conditions as part of a government funding bill generally doesn't get its way. That was the case in 2013 and 2018 for
So far, the public is split on who is to blame for the impasse. About 6 in 10 U.S. adults say Trump and
Perceptions could change depending upon how much the
The administration put on hold about



Your Portfolio Is Not Ready for Retirement: 3 ETFs to Secure Your Financial Future
Most Americans Don’t Know How Social Security Fits into their Retirement Plan, Allianz Life Study Finds
Advisor News
- What’s behind private equity investment in insurance brokerages
- Advisors get a win as NJ Senate passes independent contractor bill
- Why federal retirement benefits are more complex than advisors realize
- Why timing the market is still a retirement mistake and what to do instead
- Business owners may be overlooking a key part of their financial picture
More Advisor NewsAnnuity News
- Best’s Special Report: U.S. Life/Annuity Industry Sees Bottom-Line Growth Despite 18% Decline in Total Income in First-Quarter 2026
- Globe Life Inc. (NYSE: GL) Records 52-Week High Thursday Morning
- Fortitude Re Completes $500 Million FABN Issuance
- Reframing retirement income for greater certainty
- Jackson Introduces Dow Jones Industrial Average Index Option, Flexible Premiums, Six-Year Rate Guarantee in Latest Registered Index-Linked Annuity Launch
More Annuity NewsHealth/Employee Benefits News
- California is getting ready to increase a health insurance tax. Will it affect your premium?
- New Insurance Findings from University of California Described (The impact of Medicaid expansion on coverage among those lacking housing basics, 2010-2019): Insurance
- New Mexico lawmakers press Presbyterian Health Plan over changes
- Luigi Mangione's lawyers withdraw plans for psychiatric defense
- Karnes County commissioners to consider health insurance renewal, construction projects
More Health/Employee Benefits NewsLife Insurance News
- OVER $107 MILLION IN LIFE INSURANCE BENEFITS LOCATED FOR TENNESSEANS IN 2025 THROUGH NAIC'S LIFE INSURANCE POLICY LOCATOR SERVICE
- Maryland Heights man pleads guilty in murder-for-hire death of his mom
- AM Best Affirms Credit Ratings of Everlake Life Group Members
- Industry experts warn NAIC: Fix flawed IUL illustrations now
- InsuranceAUM.com Celebrates a Historic 5th Annual Insurance Investment Executives’ Meeting in Chicago, Honoring Outstanding Industry Leaders and Spotlighting Next Event in Austin
More Life Insurance News