Financial hit from shutdown worse than 2018-19 lapse, agency says
The total results of the longest shutdown in historical past are but to be seen, however the hit to the financial system might be considerably worse than it was in the course of the 2018-2019 shutdown, in keeping with a short evaluation by Anderson Financial Group LLC.
“We cannot have the federal government statistics for at the least a month, however the personal sector info we have now now exhibits worse results in 2025 than within the final episode that led to January 2019,” stated Patrick Anderson, the agency’s principal and CEO.
Beer and auto gross sales each took a tumble in October, the agency famous. Auto gross sales have been down 4% in October from September, and beer gross sales have been down 6%.
“When beer drops, one thing’s improper,” Anderson stated.
GOP Sen. Invoice Hagerty will not file lawsuit over seized cellphone information
Republican Sen. Invoice Hagerty of Tennessee stated he will not pursue damages underneath a provision of the shutdown deal that lets senators sue the federal authorities if their knowledge has been seized by legislation enforcement with out discover.
The supply of the legislation, tucked into one of many appropriations payments within the funding bundle, permits senators to pursue damages of $500,000 if their information have been unknowingly seized. The transfer was in response to revelations that investigators engaged on particular counsel Jack Smith’s probe of President Trump’s actions round Jan. 6, 2021, had obtained cellphone information of eight Republican senators and one congressman in 2023. The brand new legislation applies retroactively to 2022, which means these senators may reap a windfall if they create profitable lawsuits.
Hagerty, who was one of many senators whose name logs have been obtained, wrote in a submit on X that he won’t be searching for authorized damages underneath the brand new legislation.
“I’m for accountability for Jack Smith and everybody complicit on this abuse of energy. I are not looking for and I’m not searching for damages for myself paid for with taxpayer {dollars},” he wrote, including that Smith “needs to be in jail.”
The Senate’s resolution to incorporate the lawsuit provision infuriated many Home Republicans who stated they have been blindsided by the transfer and objected to taxpayer {dollars} going to particular person senators. Speaker Mike Johnson known as it “approach out of line” and stated the decrease chamber would fast-track a invoice to repeal the legislation. However the Senate could be underneath no obligation to deliver it up.
GOP Rep. Greg Steube of Florida cited the lawsuit provision to clarify his vote in opposition to the funding bundle on Wednesday.
“I couldn’t in good conscience assist a decision that creates a self-indulgent authorized provision for sure senators to counterpoint themselves by suing the Justice Division utilizing taxpayer {dollars},” he wrote on X. “There isn’t any motive the Home ought to have been pressured to eat this rubbish to finish the Schumer Shutdown.”
High Trump financial adviser says roughly 60,000 non-federal employees misplaced jobs resulting from shutdown
Chatting with reporters on the White Home, Nationwide Financial Council Director Kevin Hassett stated the Council of Financial Advisers estimates about 60,000 non-federal employees misplaced their jobs because of the downstream results of the shutdown.
He additionally stated the administration estimates the shutdown value the financial system about $15 billion per week, or about $92 billion in complete. He stated gross home product within the fourth quarter will possible be 1.5 proportion factors decrease than it could have been with no shutdown.
OPM says “regular working procedures are in impact” in D.C.
A discover from the Workplace of Personnel Administration, which manages the federal workforce, says that ordinary operations for federal companies in Washington are in impact.
“Federal companies within the Washington, DC space are open. Workers are anticipated to start the workday on time. Regular working procedures are in impact,” the discover stated.
When will federal staff get again pay?
The greater than 1.4 million federal staff who’ve gone with out pay in the course of the 43-day authorities shutdown may start getting paychecks as quickly as this Sunday, whereas others should wait till subsequent Wednesday, Nov. 19.
The pay schedule was specified by an agency-by-agency projection by the White Home’s Workplace of Administration and Finances. The memo was first reported by Semafor, and an OMB official confirmed its contents to CBS Information.
A whole lot of hundreds of important staff continued working in the course of the shutdown with out pay, whereas nonessential staff have been furloughed. Each teams are entitled to again pay for the paychecks they missed whereas the federal government was closed.
The administration has a aim of finishing its checklist of backlogged funds by Nov. 19.
Listed here are the projections for when staff at numerous companies will begin to get again pay:
- Well being and Human Providers, Power Division, Veterans Affairs, Military and non-Military civilian staff: Paychecks might be processed on Sunday. This consists of normal pay and additional time and hazard pay.
- Departments of Schooling, State, Inside and Transportation, EPA, NASA, NSF, SSA and the Nuclear Regulatory Fee: Paychecks might be despatched on Monday. This can solely embrace base pay (not together with bonuses, additional time or advantages), and corrections might be made within the subsequent pay cycle.
- GSA and OPM: Again pay processing date is Saturday, Nov. 15. This can solely embrace base pay, and corrections might be made within the subsequent pay cycle.
- Small Enterprise Administration and the Departments of Agriculture, Commerce, Homeland Safety, HUD, Justice, Labor and Treasury: Again pay paychecks have a projected processing date of Nov. 19. These checks cowl the whole interval of the shutdown, together with after Nov. 1.
Learn extra right here.
Delta CEO says air journey ought to return to regular by the weekend
Delta CEO Ed Bastian stated he expects air journey to return to regular sooner than folks would possibly count on after the shutdown, saying he expects the system to return to regular by the weekend.
“By the weekend, we’re just about going to be full steam forward,” Bastian informed “CBS Mornings.
The Delta CEO reassured involved fliers that “it is extremely protected to fly. It is the most secure type of transportation.” He stated Transportation Secretary Sean Duffy “did the suitable,”pulling schedules down proactively when staffing ranges grew to become a priority in the course of the shutdown. Bastian added, “we did not prefer it, yeah, however we felt prefer it was, it was the prudent factor to do.”
“Employees, the controllers, are again to work now. They will receives a commission, I perceive within the subsequent day or so. And in consequence, I believe the system ought to return to regular by the weekend,” Bastian stated. “I actually do. And regular for us is an extremely protected, extremely dependable, nice expertise.”
As for Thanksgiving journey, Bastian stated he has “no issues.”
The 2025 U.S. authorities shutdown, by the numbers
The longest authorities shutdown in fashionable U.S. historical past got here to a detailed Wednesday evening when President Trump signed a invoice to fund the federal government by way of Jan. 30, ending a 43-day-long deadlock.
The shutdown impacted 42 million federal meals help recipients, 670,000 furloughed federal staff and 4,000 authorities employees who confronted layoffs. It additionally threatened greater than $7 billion in financial harm.
Learn extra right here.
How the longest authorities shutdown in historical past got here to an finish
The longest authorities shutdown in historical past got here to an finish on Wednesday, after a Senate breakthrough ended weeks of gridlock that induced air journey disruptions, denied entry to meals advantages to thousands and thousands and compelled hundreds of federal employees to go with out paychecks.
The standoff stretches again to late September. Home Republicans handed a short-term measure to maintain the federal government open, going through an Oct. 1 deadline. However Democratic assist was essential to maneuver the invoice by way of the Senate. And with few alternatives to exert affect, Democrats got down to heart well being care points within the funding battle — setting their sights on extending a set of expiring medical health insurance tax credit in trade for his or her votes.
For a lot of the ensuing 43-day-long shutdown, Republicans and Democrats traded blame for the funding deadlock, and all sides remained largely united. However all through all of it, member-level bipartisan conversations searching for an off-ramp have been effervescent underneath the floor.
Final weekend, the deal to finish the shutdown lastly got here collectively.
Learn extra right here.
Smithsonian staggers museum, zoo reopenings
The Smithsonian Establishment introduced that it could stagger reopenings after the shutdown ended, with the Nationwide Museum of American Historical past, the Nationwide Air and House Museum, and the Steven F. Udvar-Hazy Middle set to reopen on Friday. The opposite museums, analysis facilities, and the Nationwide Zoo are set to reopen on a rolling foundation by Monday.
Smithsonian museums, analysis facilities and the Nationwide Zoo closed on Oct. 12 due to the shutdown, utilizing prior-year funding to maintain the entities open for greater than every week after funding lapsed.