Big Take

How the Longest Government Shutdown Is Impacting the Economy

38 snips
Nov 6, 2025
In this discussion, Gregory Korte, a White House reporter for Bloomberg, and Megan Scully, Congress editor at Bloomberg, explore the ramifications of the longest government shutdown in U.S. history. Korte highlights the impact on federal services and the financial strain on furloughed workers, while Scully delves into the political dynamics that led to the impasse. They analyze polling influences, potential compromises in Congress, and the long-term economic consequences, offering intriguing insights into how the political landscape may shift amid rising public frustration.
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INSIGHT

Shutdown Reaches Historic Length

  • The U.S. shutdown entered day 37 and is now the longest in history.
  • The shutdown's costs amplify because it coincides with existing affordability pressures and the holiday season.
INSIGHT

SNAP Funding Runs Out Fast

  • SNAP is funded month to month and had funding only through October, so benefits run out quickly.
  • The USDA contingency fund was ordered by a judge to cover benefits, revealing fragile legal and funding limits.
ANECDOTE

Government IOUs To Landlords

  • Federal agencies have issued letters asking landlords and lenders to excuse missed payments during the shutdown.
  • Those letters carry no legal weight and banks or landlords can still demand payment.
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