Business groups warns government shutdown is 'harming small businesses and costing American economic growth'
Business groups including the U.S. Chamber of Commerce are warning that the ongoing government shutdown is harming small businesses and costing American economic growth.
Bessent says government shutdown 'starting to cut into muscle' and economy may be losing billions per day
Treasury Secretary Scott Bessent warned the ongoing government shutdown could cost the U.S. economy up to $15 billion weekly as it enters its third week.
Prediction markets see cloudy outlook as traders bet on extended shutdown
Traders on Kalshi and Polymarket are betting the federal government shutdown will extend into next month, with 65% expecting it to last until Oct. 31.
Some airports refuse to display Kristi Noem TSA government shutdown video
Major U.S. airports refuse to play Homeland Security Secretary Kristi Noem's video blaming Democrats for the government shutdown causing flight delays.
The government is shut down but the tax filing extension deadline remains
The government shutdown does not extend the October 15 tax filing deadline for taxpayers who requested extensions earlier this year for their 2024 tax returns.
Sweeping layoffs 'have begun' as government shutdown drags on
Trump administration blames Democrats for funding stalemate triggering federal layoffs, as National Economic Council director Kevin Hassett warns of permanent RIFs.
CBO reports $1.8 trillion federal deficit as debt costs hit record $1 trillion
The Congressional Budget Office reported a $1.8 trillion federal deficit for fiscal year 2025, driven in part by a record $1 trillion interest costs from servicing the national debt.
Hopes dim in prediction markets as traders bet government shutdown will drag on for weeks
Federal government shutdown prompts $4 million in prediction market bets, with 72% of Polymarket traders expecting at least two-week duration.
How much do government shutdowns cost American taxpayers?
The federal government shutdown that began Oct. 1 may cost American taxpayers billions in back pay and administrative expenses, based on past shutdowns.
The September jobs report is delayed by the government shutdown - what was it expected to show?
The ongoing government shutdown delayed the anticipated September jobs report, which economists estimated would show 50,000 jobs added and the unemployment rate holding steady at 4.3%.
Government shutdown begins but analysts say markets historically weather disruptions well
Financial markets are expected to remain relatively unfazed by the government shutdown, with the S&P 500 historically posting positive returns during past shutdowns.
If you’re 50 and older, you might be about to lose a big tax break
Starting in 2026, workers age 50 and older earning more than $145,000 must make catch-up 401(k) contributions to Roth accounts instead of pretax accounts.
Johnson says Schumer handed Trump 'keys to the kingdom' with government shutdown decision
Speaker Mike Johnson claims Chuck Schumer's shutdown strategy backfired by giving the executive branch the power to reshape government services.
A government shutdown is looming: How does it impact the economy?
A federal government shutdown may begin at midnight barring action by Congress, potentially sparking concerns about the economic impact though past shutdowns had little impact.
NYC mayoral candidate proposes $100M funding boost for illegal immigrant legal defense services
NYC socialist mayoral candidate Zohran Mamdani plans to boost legal defense services for immigrants facing deportation with $165 million in total funding if elected mayor.
How much are NATO member countries spending on defense?
NATO projects that all member countries will meet the 2% GDP defense spending target in 2025, while nearly all member countries agreed to a new 5% of GDP goal by 2035.
Federal budget deficit grows $92B to nearly $2T even as Trump tariffs increase revenue
The CBO said the federal deficit hit $2 trillion in the first 11 months of FY2025, driven by higher Social Security and Medicare costs as well as interest expenses despite tariffs.
Treasury and GSA launch SAVE program to reward employees up to $10K for saving taxpayer dollars
Trump administration unveils new SAVE initiative allowing federal workers to earn rewards for suggesting ways to reduce wasteful government contract spending.
US debt set to surge to 120% of GDP as federal deficits spiral over next decade under new projections
A new analysis by the Committee for a Responsible Federal Budget shows that federal deficits and the national debt are expected to grow at a faster pace over the next 10 years.
Trump taps Airbnb co-founder as 1st government design head to lead huge web overhaul
Trump appoints Airbnb co-founder Joe Gebbia as first U.S. chief design officer to overhaul 26,000 outdated federal websites and improve digital services.