Hope for end to government shutdown fades
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The federal government shutdown furloughs 750,000 employees who will receive backpay under a 2019 law, costing $400 million per day, according to Sen. Joni Ernst's office.
Stocks ended the day mixed on Friday as investors continue to brush off concerns about the government shutdown.
Congress still gets paid during a government shutdown -- but several Alabama lawmakers have said they don’t want the check. Sen. Katie Britt has requested that her pay be withheld until the shutdown was over.
President Donald Trump and Republicans have cast blame for the shutdown on Democrats' health care demands, while Democrats insist Republicans need to negotiate. The Senate is scheduled to return Friday for another vote. The Trump administration has threatened mass layoffs of some federal workers during the shutdown.
Each week of the ongoing government shutdown could cost the economy $7 billion and reduce GDP growth by 0.1 percentage points, according to an estimate published by EY-Parthenon chief economist Gregory Daco. That cost is a function of reduced pay for federal employees, delayed government procurement of goods and a decline in demand.
This time, it took Trump fewer than 24 hours to turn a shutdown into a weapon wielded against the civil servants he once praised and the opposing party he has long derided. The administration has targeted Democratic districts,
President Donald Trump has continued to use social media to troll Democrats and threaten targeted cuts with two deepfake videos featuring Project 2025's co-author and another mocking House Minority Leader Hakeem Jeffries.
Many federal workers who took buyouts this year aren’t getting paid, and the government shutdown could add to the region’s unemployment.