Government shutdown
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Air Traffic Controllers Should Not Be Used as a Pawn, Union Says
Bloomberg Television· 2025-11-10 17:37
Today, the bench marks the first time in history that air traffic controllers and other aviation safety professionals we represent have now received two $0 paychecks. 41 days without pay. Controllers continue to show up and step up despite working full time during the shutdown and in many cases, mandatory overtime. Controllers continue to show up and step up for the American flying public and for each other.On behalf of myself and your national leadership, we see you. We thank you for your tireless commitme ...
Speaker Johnson Sees ‘Beginning of the End’ of Longest Shutdown
Bloomberg Television· 2025-11-10 17:23
Government Shutdown Resolution - The U S government shutdown, lasting over 40 days, is nearing its end due to Senate Democrats' actions [1] - The Senate voted 62-40 to move forward on an amended House Continuing Resolution (CR) [2] - The CR will reopen the government until January 30th [2] - The CR includes guaranteed backpay for all federal workers affected by the shutdown [2] Appropriations and Funding - The CR fully funds SNAP (Supplemental Nutrition Assistance Program) through the end of the next fiscal year, September 2026 [2] - The CR includes passage of three appropriations bills: Military Construction and Veterans Affairs, Agriculture, and Legislative Branch [3] House Action and Presidential Approval - The House will be called back to Washington with a 36-hour notice to vote on the amended CR bill [5] - The goal is to pass the bill and send it to the President's desk for approval as soon as possible [5] Procedural Hurdles - The Senate needs unanimous consent to fast-track the final vote, but procedural hurdles could delay the process [4]
Fed Governor Stephen Miran: A 50 bps cut is ‘appropriate’ for December, but at least 25
CNBC Television· 2025-11-10 17:15
Economic Outlook - The Federal Reserve Governor discusses the impact of the government shutdown on macro outlooks [1] - The Federal Reserve Governor shares his thoughts on the economy [1]
Fed Governor Stephen Miran: A 50 bps cut is ‘appropriate' for December, but at least 25
Youtube· 2025-11-10 17:15
Economic Outlook - The government shutdown is expected to depress GDP growth during its occurrence, but growth may rebound in the following quarter once the shutdown is lifted [2][3] - The current economic outlook remains largely unchanged despite the shutdown, with the potential for some growth not being fully recovered due to the prolonged nature of the shutdown [2][3] Federal Reserve Projections - The Federal Open Market Committee (FOMC) had projected three interest rate cuts for the year, but recent inflation data has been better than expected, suggesting a more dovish stance may be warranted [5][6] - Labor market data indicates a gradual softening, with new job openings, wages, and jobless claims reflecting continued weakening [6][7] Inflation Data Analysis - Current inflation data is considered backward-looking and may not accurately reflect future trends, as many rely on stale data [8][9] - Market-based core measures of Personal Consumption Expenditures (PCE) are closer to the Fed's target than traditional measures, indicating a potential decline in inflation [11][12] Future Data Expectations - Updated inflation data may take time to be released following the end of the shutdown, with labor market data also expected to be somewhat outdated [13][14] - The focus should remain on forward-looking policies rather than solely on past data, as no significant changes have occurred since the last FOMC meeting [15][19] Economic Performance Indicators - Factors such as tax refunds and depreciation are anticipated to contribute to stronger economic performance in the first half of the next year [16] - The output gap, which compares potential GDP to actual GDP, is crucial for understanding economic growth and may necessitate rate cuts [16][19] Financial Conditions - Financial conditions are viewed as nuanced, with some markets appearing tight, particularly in housing, which is more relevant for economic growth than equity markets [23][24] - The central bank's focus should remain on achieving maximum employment and stable prices rather than solely on financial market conditions [21][22]
Breaking down Trump's plans to give Americans $2,000, how crypto could return to record levels
Yahoo Finance· 2025-11-10 16:54
Welcome to Market Catalyst. I'm Julie Hyman. We are 30 minutes into the US trading day. So, let's get to the three market catalyst we're watching this hour. First up, we'll bring you the latest on the government shutdown as the Senate makes progress in Washington. Plus, Disney results due out this week. We'll break down what to watch and crypto recovering after a volatile week that sent Bitcoin flirting with a bare market. There's more pain ahead. All that and more coming up on Market Catalysts. Let's get a ...
Senate reconvenes today after reaching deal to end government shutdown
CNBC Television· 2025-11-10 16:50
Government Shutdown Resolution - A bill to reopen the government advanced with bipartisan support in the Senate [1] - The agreement funds specific government sections, including agriculture, SNAP, and veterans programs, through the end of the 2026 fiscal year, while other programs receive funding until January 30th [2] - The deal reverses attempted firings of federal employees during the shutdown and ensures federal employees receive back pay [2] Affordable Care Act (ACA) Tax Credits - Democrats were promised a vote on extending healthcare tax credits, although many opposed the deal for lacking a concrete agreement on these credits [3] - Senator Shaheen stated the deal was the best chance to reopen the government and begin negotiations to extend the ACA tax credits [4] - Discussions are ongoing regarding the extension of Affordable Care Act tax credits, with some Republicans expressing interest in finding a path forward [5] - Republican opposition, particularly in the House, exists regarding voting on anything that continues Obamacare [6] Legislative Process - The Senate may vote as soon as today, and the House could return later this week [5] - The Senate needs to reach a timing agreement, requiring unanimous consent, to move forward [7] - GOP leadership has informed House members to expect to be in session this week [7]
LIVE: House Dem. Leader Jeffries speaks after Senate Dems advance deal to end shutdown
MSNBC· 2025-11-10 16:20
Government Funding & Policy - Tentative bipartisan agreement reached to end the government shutdown [1] - Proposal includes advancing three full-year spending bills for certain agencies [1] - Short-term measure to fund the rest of the government at current spending levels through January 30 [1] Media Coverage - MSNBC provides breaking news, in-depth analysis of political headlines, commentary and informed perspectives [1] - MSNBC offers various shows and segments including The Rachel Maddow Show, The Briefing with Jen Psaki, Morning Joe, The Beat, Deadline: White House, All In, The Last Word, The 11th Hour, and more [1] Digital Platforms - MSNBC encourages viewers to subscribe to its YouTube channel, TikTok, and Instagram [1] - MSNBC promotes its new app for breaking news and daily headlines [1] - MSNBC provides links to its website and daily newsletter [1]
We need to end the suffering: Senator on reopening government, extending ACA tax credits
MSNBC· 2025-11-10 16:11
Healthcare Affordability & Political Stance - The Democratic senator believes the government shutdown highlighted the fight around healthcare affordability, showing who supports affordable health insurance and who doesn't [2] - The senator hopes Republican colleagues understand the issue affects millions of Americans and needs to be addressed [3] - Democrats believe affordable healthcare prices are important for Americans, including those in red states [7] - The senator introduced legislation to address the cost of health insurance for Americans and extend premium tax credits [10] - The senator is committed to ensuring people can afford their healthcare [11] Government Shutdown Impact - The government shutdown caused issues with air traffic control, government workers not getting paid, people unable to get food, and mothers/children unable to get WIC benefits [4] - The agreement aims to end the suffering caused by the shutdown and continue funding health food benefits, WIC, and veterans benefits [5] Bipartisan Efforts & Future Actions - The agreement allows for a vote on a bill by mid-December to address healthcare costs [3][10] - The senator believes a bipartisan bill can be achieved in the Senate to address premium tax credits [8] - Voters will hold accountable those who are not on their side regarding healthcare affordability [8]
X @Bloomberg
Bloomberg· 2025-11-10 15:50
President Donald Trump urged air traffic controllers who have missed work during the government shutdown to return to their posts https://t.co/ID1gpDINp6 ...
Flight Cancellations, Bad Weather, Create Travel Chaos During Shutdown
Bloomberg Television· 2025-11-10 15:06
No surprise that this weekend was insane. Government shutdown. The weather, how much does that affect the airlines themselves.It does affect the airlines because, one, you have to all these passengers who are stranded do. You've got aircraft and crews that are out of place and that means you have sort of relocation flights. Aircraft are not in the right place at the right time.And that sort of adds chaos to a system which is already sort of they having to cut flights and having to sort of make changes on th ...