Day eight of the government shutdown and both parties remain firm in their positions at least for now. Joining us to talk more about it is former Senator Democrat Heidi Heightamp. She is the director of the University of Chicago's Institute of Politics and a CNBC contributor and former chief of staff in the first Trump administration, Mick Mulaney.He is the co-chair of Actim Strategic Advisors. And and welcome to both of you. Um you two have both lived through government shutdowns in the past.You've seen th ...

Government Shutdown Overview - The government is currently in a shutdown, with discussions ongoing about potential actions to resolve the situation within the next 48 hours [3] - The House has passed a clean Continuing Resolution (CR), but negotiations are stalled due to political dynamics, particularly involving Chuck Schumer and the Democratic leadership [4][5] Political Dynamics - The current negotiations are influenced by Chuck Schumer's declining poll numbers, which are affecting the Democratic party's willingness to compromise [6][21] - The Republican leadership, including President Trump and Vice President Vance, is pushing for a clean CR without additional spending increases, arguing that the economy is already growing at 3.8% and does not need further inflationary pressures [10][11] Economic Implications - There is concern that the proposed $1.5 trillion increase in spending could exacerbate inflation, which is already at its highest in decades [11] - The shutdown could negatively impact GDP growth and working Americans, with potential job layoffs and furloughs in the federal government being discussed as a consequence of the ongoing impasse [19][12] Healthcare and Subsidies - The discussion includes potential cuts to Medicaid and the impact of COVID-era subsidies, with some moderate Republicans expressing buyer's remorse regarding previous agreements [14] - President Trump's administration is focused on reducing prescription drug prices as part of broader healthcare budget reforms, which could influence future negotiations [16][17]