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Pres. Trump on government funding: We can do things in a shutdown that are irreversible
CNBC Televisionยท2025-10-01 12:36

Government Shutdown Impact - US government officially shut down after federal funding lapsed [1] - 750,000 federal employees are being furloughed across departments [2] - President Trump indicated potential irreversible actions, including job and program cuts [3] - The economy is set to take a hit due to the shutdown [3] Economic Losses and Recovery - The 2018-2019 partial government shutdown resulted in approximately $11 billion in business losses [4] - About $3 billion of the $11 billion losses were never recovered [4] - A prolonged shutdown could lead to some private sector entities being unable to recover lost income [5] Political and Legal Aspects - Some federal workers have already filed lawsuits against the Trump administration regarding planned reductions in force [6] - Three Democrats crossed party lines to vote with Republicans on short-term government funding [6] - 60 votes are needed in the Senate, requiring eight Senate Democrats to vote for the short-term funding [7]