Government shutdown
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Watch CNBC's full interview with Treasury Secretary Scott Bessent
Youtube· 2025-11-04 13:59
Trade Policy and Economic Security - The discussion emphasizes the importance of tariffs as a matter of national security and a signature policy of the President, suggesting that the Supreme Court is unlikely to overrule it [2][4][32] - The trade deficit with China has reportedly decreased by 25%, indicating progress in rebalancing trade [3] - The use of emergency powers to address trade issues, particularly concerning rare earth minerals, is highlighted as crucial for maintaining manufacturing capabilities in the US and globally [4][32] Government Shutdown and Economic Impact - The ongoing government shutdown, now in its 35th day, is tied for the longest in history, with centrist Democrats signaling a potential willingness to negotiate [13][20] - The shutdown is affecting the economy, with concerns about airport delays and public sentiment potentially blaming Democrats if travel disruptions occur during peak times [20][16] New York's Economic Status - New York is losing its status as the financial capital of the US, with significant capital and jobs moving to states like Texas and Florida [23][24] - The potential election of a socialist mayor in New York could lead to reduced federal funding, as the administration may exercise discretion in allocating resources based on state governance [29][30][31] Healthcare Reform Discussions - The Secretary calls for bipartisan cooperation to reopen the government before discussing healthcare reform, indicating that negotiations cannot proceed while the government is shut down [19][17] - The rising costs associated with the Affordable Care Act are noted, with a need for a plan to address these issues once the government is operational again [18][19]
Government shutdown day 35: Former United Airlines CEO Oscar Munoz on the growing flight delays
CNBC Television· 2025-11-04 12:16
Flight delays are growing as the government shutdown stretches to five weeks. An airline industry group says more than three million US passengers have been affected. Joining us now is Oscar Munoz, former United Airlines CEO uh and chairman and a CNBC contributor.Uh it's good to see you. Uh Oscar, what I guess you can just give us your thoughts on on on the whole process and then we'll we'll get to specifics. uh in terms of I mean how many how many how many flights do you need to cut back on to have the sam ...
Sen. Warren blasts “billionaire president” as Americans suffer amid shutdown
MSNBC· 2025-11-04 03:15
Healthcare Policy & Impact - Republican cuts to the Affordable Care Act (ACA) could drastically increase premiums, particularly in Florida, where nearly 5 million people rely on Obamacare [1][2] - Loss of ACA subsidies could force individuals to choose between essential healthcare needs, such as diabetes care and cancer treatment [4][5] - Rising healthcare premiums, potentially doubling or tripling, could increase costs by $18,000 per year for some families [8] Political & Economic Implications - The current administration's policies are perceived as prioritizing tax credits for billionaires and big companies over healthcare affordability for individuals [10] - The administration is accused of using the shutdown to create leverage against Democrats by potentially interrupting SNAP benefits, impacting vulnerable populations [19] - Government shutdown is affecting air traffic controller training, potentially disrupting the deployment of new controllers and requiring current employees to cover their own per diem expenses [15][16] Human Cost & Personal Stories - Individuals with pre-existing conditions, such as diabetes, melanoma, and heart conditions, face significant challenges in affording healthcare without ACA subsidies [4][8] - Families are struggling to balance healthcare costs with rising grocery and energy prices, highlighting the financial strain on working-class individuals [11] - Retired air traffic controllers and their families are directly affected by the government shutdown, leading to financial uncertainty and questioning of political choices [14][16]
NBC Nightly News Full Episode - Nov. 3
NBC News· 2025-11-04 02:58
Government Shutdown Impact - The government shutdown is causing massive lines at TSA checkpoints and delays at airports due to TSA officers and air traffic controllers working without paychecks and calling out sick [5][6][7][8] - The Trump administration will partially fund some SNAP benefits, providing a temporary relief, but delays are expected [7][9] - Democrats and Republicans remain at odds on Capitol Hill, with no substantive negotiations planned to end the shutdown [12][13][14] Political Landscape - A critical election day is approaching in New York City, with Democratic socialist Zoran Mandani as a front runner for mayor, sparking backlash and drawing President Trump's attention [15][16][17][21][22] - An NBC News poll shows 35% of Democrats nationwide now have a positive view of socialism compared to only 20% with a negative view [18] - Tight contests for governor are underway in New Jersey and Virginia, with significant spending projected [19][20] Crime and Terrorism - Two Michigan men were charged for allegedly plotting an ISIS inspired Halloween terrorist attack, with images revealing weapon purchases and training [24][25][26] - The Trump administration is considering expanding the war on drugs into Mexico, potentially sending US troops and intelligence officers to target drug cartels [28][29] - Police are searching for two suspects after an explosion at a Harvard Medical School research building [33][34][35] Health and Safety - A study suggests prolonged use of melatonin may be linked to a higher risk of heart failure and early death in adults with insomnia [39][40] - A hunter missing for nearly 3 weeks was found alive in California after surviving in the wilderness [41][42][43][44] World Events - A medieval tower partially collapsed in Rome, trapping workers inside [46][47] - The Los Angeles Dodgers won the World Series, bringing joy to the city after devastating wildfires [47][48][49][50][51]
How the government shutdown is impacting the economy
NBC News· 2025-11-04 02:40
Okay, so on Wednesday we're going to set a new record and it is not a good one. It would be the record for the longest government shutdown in American history. Currently that title is being held by the 2018 2019 government shutdown which lasted 35 days.And there's some real economic cost to this. So in that particular shutdown, there was an estimated 375,000 federal workers that were furoughed. You can imagine the strain it would put on all of those households with paychecks not clearing.And for that reason ...
Trump administration says it will partially fund SNAP benefits amid shutdown
NBC News· 2025-11-04 00:30
At Houston's Bush International Airport, a second day of massive lines and long waits. >> I was quite upset. >> 34 days into the government shutdown, delays are mounting for travelers from coast to coast with TSA officers and air traffic controllers calling out sick.>> That's crazy. And there's people outside, which is even crazier. So, I'm lucky to be up here.>> The Department of Transportation says 84% of delays yesterday were due to staffing, compared to just 5% pre-shutdown. Meanwhile, for the millions ...
SNAP contingency fund ‘isn’t enough,’ says Illinois Gov. Pritzker
NBC News· 2025-11-03 22:30
Government Shutdown Impact on SNAP Benefits - The government shutdown is forcing states to find ways to provide services typically funded by the federal government [1] - Illinois normally receives $90 million per week for SNAP benefits, which are 100% federally funded [2] - Illinois doesn't have the $360 million needed per month to fully cover SNAP benefits during the shutdown [3] - 19 million people in Illinois, representing approximately 146% of the state's 13 million population, receive SNAP benefits [4] Illinois' Response and Limitations - Illinois is using contingency funds, including $20 million set aside for food banks, to partially cover SNAP benefits [1][2] - The $20 million is insufficient to fully address the need, and will primarily support the distribution of dry goods [3][4] - Food pantries may not be able to provide fresh goods due to funding limitations [4] Political Implications - The governor believes Republicans will face consequences for the government shutdown [5][6] - A new NBC News poll indicates that 52% of Americans blame Republicans in Congress and President Trump for the shutdown, compared to 42% who blame Democrats [6] - The governor is engaging in conversations with voters, including those in traditionally Republican areas, who are expressing concerns about the impact of Republican policies [7][8][9] - The governor anticipates that the SNAP benefits issue will particularly resonate in rural areas with high food insecurity [10]
Joe: ‘A Gatsby party while Americans lose food aid — what the hell is going on?’
MSNBC· 2025-11-03 22:12
You look at the Gatsby theme party. While food stamps are are going to be cut, while food assistance is being slashed, while members of Congress and a lot of people in that room are getting paid for working, but they're making sure that federal employees are not getting paid. Has anybody been keeping track of exactly how much Donald Trump and the family have made since he's become president over the last 9 10 months.The fact that we don't know is another problem here, Joe. There's no transparency. Yes, I th ...
Trump administration to partially fund SNAP after federal judge's order
NBC News· 2025-11-03 20:31
Government Shutdown Impact - The Trump administration partially funded SNAP food assistance due to a federal judge's order, covering about half of each eligible household's benefits for the month [1][2] - A prolonged government shutdown could lead to increased reliance on food banks, affecting both SNAP recipients and furloughed federal workers [4] - Restaurants, such as 300 Carl's Jr locations in California, offered $1 meals to affected federal workers, military members, and SNAP recipients [3] - State governments are attempting to fill the gap left by the federal government, but these resources may be limited [6] Economic Hardship - High food prices and reduced work hours are making life difficult for many, increasing the need for food assistance programs [5] - Uncertainty surrounding the shutdown is a significant problem for people across the country [7] Political Implications - Democrats are criticizing President Trump and calling for negotiations around healthcare, including the Affordable Care Act [7][8] - The Virginia election results could send a message regarding the shutdown, as it has impacted millions of federal workers and transit projects [9][10][11]
Joe: ‘A Gatsby party while Americans lose food aid — what the hell is going on?’
MSNBC· 2025-11-03 19:33
You look at the Gatsby theme party. While food stamps are are going to be cut, while food assistance is being slashed, while members of Congress and a lot of people in that room are getting paid for working, but they're making sure that federal employees are not getting paid. Has anybody been keeping track of exactly how much Donald Trump and the family have made since he's become president over the last 9 10 months.The fact that we don't know is another problem here, Joe. There's no transparency. Yes, I th ...