Economic Impact of Government Shutdown - The government shutdown cost approximately $15 billion per week, leading to an estimated total economic impact of around $90 billion, which could reduce GDP growth by about 0.7% [1][2] - The Labor Department has not released key economic data for over a month, and the October jobs report may not be published, leaving the Federal Reserve without crucial employment statistics ahead of its next meeting [1][2] - The shutdown resulted in the loss of around 60,000 non-federal jobs, significantly affecting various sectors, including financial services and travel [1] Presidential Economic Policies - President Trump is proposing a $2,000 check for families funded by tariff revenue, alongside other affordability measures such as health insurance subsidies and a 50-year mortgage option [1] - The administration's economic policies are expected to lead to a significant increase in median household income, with a reported rise of nearly $7,000 during the first term [1] - The introduction of 100% expensing on capital expenditures is anticipated to drive a supply-side economic boom, enhancing productivity and living standards [1][2] Tariff Policies and Legal Considerations - The Supreme Court is currently reviewing President Trump's emergency tariff authority, which could have significant implications for tariff revenue and presidential trade powers [1][2] - The administration remains optimistic about the court's ruling, asserting that there are backup options available should the court rule against them [2][3] - Tariffs are viewed as a critical component of the strategy to re-industrialize the U.S. manufacturing base and improve supply chains, which have been weakened over the past 25 years [3][4]