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X @Bloomberg
Bloomberg· 2025-10-01 15:29
Healthcare Policy - There is an assumption that an agreement to negotiate will be reached regarding the ACA subsidies [1] - The timing of the agreement and extension of subsidies is currently uncertain [1]
X @Bloomberg
Bloomberg· 2025-10-01 15:28
Healthcare Policy - The Affordable Care Act (ACA) subsidies' potential expiration is a concern [1] - Many Republicans also do not want the ACA subsidies to expire [1] - The ACA subsidies "really did work" [1]
US Government Shutdown Has Begun, No Quick End in Sight
Bloomberg Television· 2025-10-01 12:54
Government Shutdown & Congressional Dynamics - Congress is facing challenges in passing bills due to partisan divisions and a lack of bipartisanship [2] - Compromise is needed on issues like healthcare (ACA subsidies) and aid to farmers [3][4] - Tensions are high among congressional leaders, impacting their ability to negotiate effectively [5] - The current state of the Senate and House represents a deterioration over the past decade [6] Economic & Social Impact of Shutdown - A potential government shutdown could affect 750,000 government employees, impacting $400 million in daily compensation [7] - Essential personnel, including those at the Social Security Administration (88% of staff), may be required to work without pay [7][8] - Military personnel will continue to work without pay during the shutdown [10] - Federal workers are typically paid bi-weekly, and a missed paycheck can create significant financial hardship [12] Potential Solutions & Considerations - A bailout for farmers facing challenges due to decreased Chinese soy purchases could be attached to a continuing resolution (CR) [4] - Addressing ACA subsidies earlier or forming a working group to resolve the issue are potential off-ramps [4] - The disparity between lawmakers continuing to be paid while federal workers are not is a growing concern [8][10][11]