Government on pace for shutdown: Here's what to know
CNBC Television·2025-09-30 11:21

Government Shutdown Impending - A government shutdown is imminent due to disagreements between Democrats and Republicans regarding funding [1][2][3] - The Senate is expected to vote on continuing current funding until November, but it's unlikely to pass due to Democratic opposition [2] - Democrats are pushing for healthcare-related tax credits under the Affordable Care Act [2] Political Stances and Blame - Republicans accuse Democrats of holding the government hostage [3] - Democrats state that avoiding a shutdown is in President Trump's hands [4][5] - Both sides are blaming each other for the potential shutdown [19] Potential Impacts of Shutdown - The Bureau of Labor Statistics may not be able to release job numbers if the shutdown occurs on Friday [6] - Potential for massive federal layoffs, with uncertain numbers ranging from potentially 10,000 to 100,000 or more, impacting the economy [15][16] Affordable Care Act (ACA) Tax Credits - Republicans are open to extending ACA tax credits but want to address fraud and implement an income cap [10] - Democrats view healthcare and rising insurance prices as a winning issue and want legislative guarantees [11][12]