Today, the bench marks the first time in history that air traffic controllers and other aviation safety professionals we represent have now received two $0 paychecks. 41 days without pay. Controllers continue to show up and step up despite working full time during the shutdown and in many cases, mandatory overtime. Controllers continue to show up and step up for the American flying public and for each other.On behalf of myself and your national leadership, we see you. We thank you for your tireless commitme ...

Government Shutdown Resolution - The U S government shutdown, lasting over 40 days, is nearing its end due to Senate Democrats' actions [1] - The Senate voted 62-40 to move forward on an amended House Continuing Resolution (CR) [2] - The CR will reopen the government until January 30th [2] - The CR includes guaranteed backpay for all federal workers affected by the shutdown [2] Appropriations and Funding - The CR fully funds SNAP (Supplemental Nutrition Assistance Program) through the end of the next fiscal year, September 2026 [2] - The CR includes passage of three appropriations bills: Military Construction and Veterans Affairs, Agriculture, and Legislative Branch [3] House Action and Presidential Approval - The House will be called back to Washington with a 36-hour notice to vote on the amended CR bill [5] - The goal is to pass the bill and send it to the President's desk for approval as soon as possible [5] Procedural Hurdles - The Senate needs unanimous consent to fast-track the final vote, but procedural hurdles could delay the process [4]

मीडिया काला है दूसरी तस्वीरें आप देख पा रहे हैं यहां तमामारी मौजूद है एक तरफ एनआई एन फोटोग्राफी और ये तस्वीर एक नंबर गेट इधर आ जाओ दोबारा बोलो श्योर श्योर यार. ...

Economic Outlook - The economy has been resilient, with growth around 18% annually, despite uncertainty [2] - The labor market has been near full employment but is cooling, with both demand and supply decreasing [2] - Inflation is closer to 3% than the 2% target [2] - Companies report resilient consumption, with growth being fine, and the labor market softening slightly [5] Consumer Finance - Higher-income households are consuming due to wealth effects from the stock market and home prices [7] - Lower-income households are taking on more credit card debt to maintain consumption [7] - Consumer balance sheets are generally okay, but there was an increase in subprime loan and credit card defaults over the past year, which have since stabilized [8][9] Business Concerns - Companies indicate uncertainty has plateaued, allowing them to operate with a higher level of uncertainty [11] - Some companies are passing on higher costs related to terrorism, insurance, and upstream production [11][12] - Companies closer to the consumer are facing difficulty passing on costs due to pushback from final buyers [12][13] Labor Market - The labor market is cooling in an orderly way, with both supply and demand decreasing [13] - Layoff announcements have been noted, but weekly claims remain stable [13][14] Monetary Policy - Monetary policy should consider both cyclical/demand-side factors and structural transitions in the economy [15][16] - The real federal funds rate has declined by 250 basis points in the past year, with 150 basis points from nominal interest rate reductions and 100 basis points from rising expected inflation due to tariffs [18][19] - Companies are more concerned about non-interest costs, such as raw material and insurance costs, than interest costs [20][21] - There is limited room to ease policy further without it becoming overly accommodative, with the real federal funds rate around 1%, which is the long-run neutral rate [25] Inflation and Household Impact - It's important to bring inflation back towards 2% to allow households to catch up with their real incomes [21][26][27] - People are increasingly experiencing "more month than money," going to food pantries, and requesting utility assistance [26][27] Asset Prices - Financial conditions are very accommodative, and asset valuations are notable, with house and stock prices appearing elevated [28][29]

The debasement trade refers to an investment strategy where capital flows into assets perceived as hedges against currency devaluation. Typically driven by factors like excessive government borrowing, fiscal deficits, money printing, and persistent inflation. Common assets include gold, Bitcoin, other cryptocurrencies, commodities like silver and platinum, and even stocks as investors seek scarcity or non-fiat alternatives to preserve value when faith in central banks or fiat currencies erode.The concept ha ...

Inflation & Productivity Assessment - Inflation has been relatively contained in goods prices directly affected by tariffs [1] - Other inflation components show no significant surge, and inflation expectations remain well-anchored [1][16] - Productivity and GDP growth are increasing, while the labor market is slowing, indicating firms are seeking efficiency [2] - A 50 basis point adjustment has supported the labor market while maintaining restrictive policies to exert downward pressure on inflation [3] - The Fed aims to bring inflation back down to 2% to restore price stability [8] AI Impact & Business Outlook - Companies are reporting encouraging early signs of AI's positive impact on their bottom line and productivity [4] - AI is seen as potentially transformative, similar to electricity or the steam engine, with the potential to boost productivity and growth [25][26] - Businesses across various sectors are using AI to improve productivity [13] Labor Market Dynamics - Wage growth is moderating, reducing pressure from the cost side of labor [17] - A significant decrease in payroll growth is observed, with the underlying cause being debated [18] - Wage growth is slowing even in sectors heavily reliant on immigration, suggesting a demand shock [20][21] - The economy is currently in a low firing, low hiring period [22] Monetary Policy & Economic Outlook - The Fed is in a good position to evaluate information before making further decisions [6] - Policy adjustments have led to lower mortgage interest rates and increased activity in the housing and borrowing markets [29][30] - Monetary policy acts with a lag, influencing decisions for the next six months to a year [30][31] - The Fed relies on government data, private sector surveys, and direct engagement with businesses and consumers [32][33][34]

It's been one year since Donald Trump was elected and voters in swing states have thoughts on how the president is handling the US economy. >> When Trump came to office, um it it's I think it's fair to say that all hell broke loose. >> Bloomberg News found the results to be a mixed bag.Some are concerned about rising prices. Some wish the president had focused more on domestic issues rather than foreign affairs. And the future of the job market and AI cropped up as well.He got elected primarily because of t ...

The longest US government shutdown moving closer to an end. Eight Senate Democrats breaking with their party to advance a funding measure with Republicans. Bloomberg's Mica Soellner joins us now for more.Mica, is Minority Leader Schumer losing control of his party. Well, there's been a lot of criticism of how Leader Chuck Schumer has handled this whole debacle. I think that he's facing a lot of pressure and and critiques from not just his Senate colleagues privately and publicly, but also the House House pr ...

Government Policy & Tariffs - President Trump suggested a tariff dividend of at least $2,000 [1] - Treasury Secretary Bessant clarified the $2,000 dividend could take various forms, including tax decreases [1] - Potential tax deductions include no tax on tips, overtime, Social Security, and auto loan deductibility [2] - The President's ability to deploy tariffs is facing skepticism following a Supreme Court hearing [4] - The President is perceived as insecure about using tariffs and is attempting to sway public opinion with a $2,000 tax giveaway [4]

No surprise that this weekend was insane. Government shutdown. The weather, how much does that affect the airlines themselves.It does affect the airlines because, one, you have to all these passengers who are stranded do. You've got aircraft and crews that are out of place and that means you have sort of relocation flights. Aircraft are not in the right place at the right time.And that sort of adds chaos to a system which is already sort of they having to cut flights and having to sort of make changes on th ...