S&P Global: U.S. government shutdown adds uncertainty to economic outlook

Core Points - The government shutdown is impacting federal employees, with layoffs expected to begin soon, affecting approximately 750,000 workers [10] - The shutdown is anticipated to delay the September jobs report, which is crucial for economic data collection and could add uncertainty to the Federal Reserve's monetary policy [9][7] - The White House is exerting pressure on Senate Democrats to reach an agreement, with significant cuts to infrastructure and green energy projects announced [11][12] Economic Impact - The shutdown could lead to a reduction in GDP, with past estimates indicating a potential loss of about $11 billion or 0.3% of real GDP from previous shutdowns [3] - The current GDP stands at 3.8%, and the shutdown is expected to negatively affect growth and working Americans [2] Legislative Developments - President Trump is meeting with budget officials to discuss potential cuts to Democratic agencies, which may complicate negotiations [5][7] - The Senate is scheduled to vote on funding the government, but bipartisan support appears uncertain at this time [8][13] - There are ongoing discussions among Republicans and Democrats regarding tax credits and other fiscal measures, but a clear solution remains elusive [14]