Balance of Power House Poised to End Historic Shutdown
Nov 12, 2025
Liz Pancotti, Managing Director of Policy and Advocacy at Groundwork Collaborative, discusses the severe economic impact of the government shutdown, focusing on SNAP benefit interruptions and their implications. Ro Khanna, Democratic Congressman from California, delves into the Epstein files, revealing troubling emails that involve Trump, alongside his proposed legislation to ban officials from trading cryptocurrency, aiming to combat corruption and uphold ethics in politics.
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Shutdown Clouds Fed's View
- The shutdown will create stale and missing economic data that hinders near-term Federal Reserve decisions.
- Liz Pancotti warns the Fed may lack a clear current snapshot when it meets in weeks, not months.
Private Data Shows Labor Weakness
- Private payroll and layoff trackers show troubling labor-market signals despite missing government reports.
- Pancotti highlights record layoffs and weak small-business hiring as warning signs.
Prioritize Current Data For Policy
- Prioritize getting an accurate current economic picture for policy decisions rather than reconstructing historical gaps.
- Policymakers should stop relying on fuzzy private data while withholding official reports.