Economic Impact
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How the Government Shutdown is going to impact economic data #politics #shorts
Bloomberg Television· 2025-10-02 18:49
Economic Impact of Government Shutdown - Potential for furloughs and layoffs due to the shutdown, exacerbating an already fragile US economy [1][2] - Expected decline in federal government employment in the upcoming jobs report due to deferred resignations [1][2] - Federal contractors could be affected, illustrated by the Department of Transportation's frozen $18 billion for projects like the Second Avenue subway and the Hudson Tunnel project [3] - Delays in infrastructure projects across the country are possible if the shutdown continues, potentially creating a domino effect [4] Contractor Vulnerability - Federal contractors often operate on a job-to-job and paycheck-to-paycheck basis, making them particularly vulnerable to the effects of a shutdown [3]
Government shutdown would furlough about 750,000 federal workers, CBO says
CNBC Television· 2025-10-01 02:02
The question right now in DC is not if there will be a government shutdown, but how long a government shutdown is going to be. Both Republicans and Democrats are pretty dug in in their positions right now. And there has been a lot of fingerpointing today between the White House and Congress.We can do things during the shutdown that are irreversible that are bad for them and irreversible by them, like cutting vast numbers of people out, cutting things that they like, cutting programs that they like. Trump ad ...
Government shutdown impact: Jobs, economy, and your money
Yahoo Finance· 2025-09-30 22:51
Ben, catch us up on on whether we're moving forward with a shutdown, Ben, and and what we need to know. Yeah. Yeah, Josh, the short answer to your question of whether we're moving forward appears to be no.We've had a day here in Washington that's a whole lot of name calling and very little apparent progress with a shutdown now about 9 hours away. As John Thun, the Senate Majority Leader, said just about an hour ago, there's nothing left to negotiate from his perspective there. That's because the Senate plan ...
Dollar Will Suffer From US Shutdown: 3-Minute MLIV
Bloomberg Television· 2025-09-30 09:43
For 3 minutes on the markets. Mark, good morning to you. So let's start with the impact of shot down and in particular on the US dollar.ICC sitting talking about how this is something that's going to weigh on the dollar. And I think from reading your notes, you think that that's the sort of path of least resistance for the dollar right now. Absolutely.I think that's probably the easiest way to kind of play this kind of theme. I think overall, what government shutdown means is not major economic impact unles ...
US Government Shutdown: Markets Shrug, But Should They?
Coin Bureau· 2025-09-30 05:06
Another US government shutdown is looming and markets are treating it like any other wedd. They're expecting the same confected tantrum Washington has thrown 21 times before. But they might be missing the real story. What is the real story.A bombshell memo from the Trump administration has revealed a plan to weaponize this situation in a way that's never been done. Turning a temporary crisis into a tool for permanent change. So stay tuned for the full story of Washington's latest shutdown, what it means for ...
Potential government shutdown could lead to $1 billion in weekly losses for travel economy
CNBC Television· 2025-09-26 20:15
They're getting warnings now. It would be a billion dollar impact every week that the government is shut down. That's according to tourism economics.A billion dollars in losses because of disruptions in air travel or train trips because national parks and museums would likely close. We certainly have seen that happen in past shutdowns. US Travel, which is the trade group representing the industry, sent a letter to congressional leaders calling a shutdown a wholly preventable blow to America's travel economy ...
PGA of America CEO on how the Ryder Cup continues to evolve
CNBC Television· 2025-09-24 16:12
Ider Cup is one of the most prestigious and highstakes events in golf, pitting the best players in the United States against Europe, but it's also driving some big business. Joining us with more this morning, Dom Chu in Farmingdale, New York with a special guest. Hey, Dom.Good morning, Carl. So, we are here in Farmingdale, New York at what is known as America's Country Club, Beth Paige and the Black Course. And with me right now is the PG of America CEO, Derek Sprag.And so Derek, this is an unbelievable ven ...
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Bloomberg· 2025-09-17 18:01
Economic Impact - New York to host three major PGA tournaments [1] - Estimated $500 million boost to Long Island and Rochester [1]
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Bloomberg· 2025-09-17 14:25
Market Trends & Economic Impact - Israeli stocks experienced a six-day selloff, the longest in 18 months [1] - Investors are increasingly concerned about the economic impact of the war in Gaza [1]