Government Shutdown Would Cost U.S. Travel Economy $1 Billion Per Week, Say Industry Officials—Here’s What To Expecthttps://t.co/Z9kRbxiYpf https://t.co/3vu08b3WaU ...

Core Insights - The US Congress is one of three co-equal branches of government, alongside the Executive and Judicial branches [1] Group 1 - Michael Gray has extensive experience in capital markets and fixed income asset management, having founded Gray Capital Management LLC and previously served as Head of Taxable Fixed Income at Fidelity Investments [1] - Michael Gray holds an MBA in Finance from Wharton and a BA in Economics from Union College [1]

Government Funding & Shutdowns - The discussion revolves around the potential for a government shutdown due to disagreements on federal funding between Democrats and Republicans [1][2] - A proposal exists to eliminate shutdowns by implementing 14-day continuing appropriations at the previous year's funding levels [3][4] - The current congressional dysfunction is significant, with Democrats seeking an additional $15 trillion (15,000 billion) in spending over 10 years [5] - The House has passed a continuing resolution without additional spending, but with some "anomalies" [6] - The US has experienced 55 continuing resolutions and 12 increases or suspensions of the debt ceiling, with the national debt rising from $14 trillion to $37 trillion [12] Budgetary Reform & Spending - There's a suggestion to implement budgetary reforms, such as two-year budgets, to reduce partisanship and improve oversight [13] - The current spending level is approximately $7 trillion annually, with discretionary spending accounting for 25% of the budget [10] - Returning to pre-pandemic spending levels is desired, but maintaining current spending levels is proposed as a temporary solution [9][10] Healthcare & ACA - Disagreements exist regarding ACA subsidies, particularly temporary COVID subsidies, with concerns about potential fraud costing taxpayers tens of billions of dollars [22][25] - Obamacare is cited as a cause of high insurance costs in the individual market, leading to fraud and increased expenses [23][26] - Approximately 12 million people on ACA exchanges may not be utilizing healthcare, with potential fraud involving unscrupulous agents signing people up [24][29] - Medicaid growth is also a point of contention, with concerns about the Obamacare expansion and its impact on state spending [26]

From @WSJopinion: If Americans get stuck with a shutdown that drags on, there will be a cost. But which party will pay the political price? History gives us an idea, writes @KarlRove. https://t.co/NAIWtOiZw2 ...

Democrats Could Benefit From A Government Shutdown—Here’s Whyhttps://t.co/rikFIkMKOv https://t.co/JoD93Ylmz8 ...

The President posting on Truth Social this evening after reviewing the details of what he calls the unserious and ridiculous demands from Democrats. I've decided that no meeting with their congressional leaders could possibly be productive. Is that the right move right now. Well right now.Well, look, what the Democrats are trying to do is undo everything that we got and did in the big, beautiful bill, you know, the tax cut for working families. And so, no, that's a it's a nonstarter. You know, the Democrats ...

Group 1: Kenvue and Tylenol - Kenvue's shares dropped 7.5% after President Trump linked Tylenol to autism, resulting in a loss of approximately $2.6 billion in market value [2][4] - The company strongly disagreed with the connection, stating that independent science shows acetaminophen does not cause autism [3] - Kenvue's shares rebounded over 6% the following day, indicating a recovery from initial panic, with analysts noting limited risk of new lawsuits and potential impacts on public opinion [4] Group 2: Lithium Americas - Lithium Americas' shares surged 98.7% to $6.10 after reports of the Trump administration seeking a 10% equity stake in the company [5][6] - This interest is linked to the renegotiation of a $2.3 billion Department of Energy loan for the Thacker Pass project, the largest lithium deposit in the Western Hemisphere [5][6] Group 3: Trump Media & Technology Group - Trump Media & Technology Group reported a Q1 operating loss of $12.1 million and a GAAP net loss of $327.6 million, largely due to non-cash expenses [7][8] - The company's stock has been volatile, dropping 21.47% to $48.66 and hitting 52-week lows, with analysts suggesting it behaves like a "meme stock" driven by social media rather than fundamentals [9] Group 4: Tariffs and Market Reactions - President Trump's threats of tariffs on Russia and India have created mixed reactions in the market, with the effective tariff rate expected to approach 20% [10][11] - The Congressional Budget Office noted that tariffs are contributing to inflation and potentially affecting wage growth, indicating a complex economic environment [11] Group 5: Government Shutdown Concerns - The looming risk of a U.S. government shutdown has historically not led to significant market declines, with the S&P 500 rising during past shutdowns [12][13] - However, immediate market sentiment was cautious, with stock futures slipping and gold prices rising, reflecting investor anxiety [13]

Welcome back. More now on that breaking news. The House just passing a short-term funding bill to avoid a government shutdown. And joining us now is Senator Jean Shaheen of New Hampshire. She's the ranking member on the Foreign Relations Committee. Senator, thanks for joining us. This funding bill is headed your way to the Senate. House Speaker Johnson calls it a clean bill. Do you support it? Well, we're going to have two votes this morning in the Senate. Um, one is the CR that's coming over from the House ...

Economic Conditions - The Federal Reserve is balancing the risks of inflation and declining employment, indicating a complex economic environment [1][3] - Tariffs are contributing to inflation, with an estimated overall impact of approximately 18% [2][4] - There is significant uncertainty in the economy, which is causing investors to hold back on capital investments [5] Labor Market - The labor market is experiencing low growth and shortages, partly due to immigration policies [3][7] - American manufacturers are facing pressure to increase prices to remain competitive, which is further driving inflation [7] Consumer Behavior - Consumers are making purchases earlier to avoid potential price increases due to tariffs, leading to economic distortions [6] - There are serious labor shortages in sectors like agriculture, exacerbated by the current economic conditions [7]

Democrats and Republicans are both claiming it is the other one that is driving the country to a disastrous shutdown over a spending bill https://t.co/yBve0FbqvQ ...