05.11.2025, 11:50
The shutdown in the USA broke the record of duration
Source: OREANDA-NEWS
OREANDA-NEWS The shutdown in the United States continues for the 36th day in a row and has already broken the record for duration.
The work of government agencies in the country was suspended on October 1, as Congress was unable to agree on a bill to extend funding for the work of federal agencies. The document was approved by the House of Representatives, but the Republicans did not have enough votes in the Senate, and the Democrats set a condition for increasing subsidies for medical care under the Affordable Care Act.
The previous record for the duration of the shutdown - 35 days - was set during Donald Trump's first term as president of the United States in 2019.
As the current standoff drags on, the economic consequences of the shutdown are becoming more tangible. Budget maneuvers that allow paying salaries to military personnel and partially financing food aid are likely to exhaust themselves before the end of November, Bloomberg writes.
In addition, problems in the field of air traffic are intensifying, as dispatchers, whose salaries are not paid, increasingly take time off on the eve of one of the busiest seasons of the year. This leads to delays and cancellations of an increasing number of flights. In 2019, it was the problems with air traffic that became a key factor that forced Congress to agree on solutions that put an end to the shutdown, the agency notes.
Regular economic statistics are not published, and this problem may be delayed, as the US Department of Labor has stopped collecting key data necessary for the publication of reports on the labor market and inflation dynamics.
According to the forecast of the Congressional Budget Office (CBO), the continuation of the shutdown for 8 weeks will reduce the growth rate of US GDP in the fourth quarter by 2 percentage points.
Democrats and Republicans have been at an impasse for several weeks, showing no signs of willingness to compromise, but the first signs that they are trying to find a way out have already appeared, writes Reuters.
So, the leader of the Republican majority in the Senate, John Thune, responding to a question about the prospects for completing the shutdown, said he was "optimistic."
"Just based on my gut feeling of how such situations usually develop, it seems to me that we are approaching a denouement," said Thune.
The influential Democratic senator from Illinois, Dick Durbin, noted that he also "has this feeling." He added, however, that lawmakers still cannot agree on the issue of healthcare costs.
The head of the Senate Appropriations Committee, Susan Collins, noted some progress in negotiations between the parties: Democrats proposed specific formulations to break the deadlock, and representatives of both parties worked on them all weekend. "The atmosphere has improved this week," Collins told reporters.
The work of government agencies in the country was suspended on October 1, as Congress was unable to agree on a bill to extend funding for the work of federal agencies. The document was approved by the House of Representatives, but the Republicans did not have enough votes in the Senate, and the Democrats set a condition for increasing subsidies for medical care under the Affordable Care Act.
The previous record for the duration of the shutdown - 35 days - was set during Donald Trump's first term as president of the United States in 2019.
As the current standoff drags on, the economic consequences of the shutdown are becoming more tangible. Budget maneuvers that allow paying salaries to military personnel and partially financing food aid are likely to exhaust themselves before the end of November, Bloomberg writes.
In addition, problems in the field of air traffic are intensifying, as dispatchers, whose salaries are not paid, increasingly take time off on the eve of one of the busiest seasons of the year. This leads to delays and cancellations of an increasing number of flights. In 2019, it was the problems with air traffic that became a key factor that forced Congress to agree on solutions that put an end to the shutdown, the agency notes.
Regular economic statistics are not published, and this problem may be delayed, as the US Department of Labor has stopped collecting key data necessary for the publication of reports on the labor market and inflation dynamics.
According to the forecast of the Congressional Budget Office (CBO), the continuation of the shutdown for 8 weeks will reduce the growth rate of US GDP in the fourth quarter by 2 percentage points.
Democrats and Republicans have been at an impasse for several weeks, showing no signs of willingness to compromise, but the first signs that they are trying to find a way out have already appeared, writes Reuters.
So, the leader of the Republican majority in the Senate, John Thune, responding to a question about the prospects for completing the shutdown, said he was "optimistic."
"Just based on my gut feeling of how such situations usually develop, it seems to me that we are approaching a denouement," said Thune.
The influential Democratic senator from Illinois, Dick Durbin, noted that he also "has this feeling." He added, however, that lawmakers still cannot agree on the issue of healthcare costs.
The head of the Senate Appropriations Committee, Susan Collins, noted some progress in negotiations between the parties: Democrats proposed specific formulations to break the deadlock, and representatives of both parties worked on them all weekend. "The atmosphere has improved this week," Collins told reporters.
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