The government shutdown in the United States has been quite a fuss. It started in the early morning of October 1. It has been seven days now. The original title said five days, but at that time it was just the beginning, and now the situation is even worse. Once funding was cut off, federal agencies were closed directly, the two parties on Capitol Hill argued, and Trump directly criticized the Democrats on social media, saying their demands were unreliable, which led to this incident. This is not the first time that the shutdown has been held, but this time it is different. Trump not only shut down, but also talked about layoffs, targeting 800,000 federal civil servants. This is no joke. In the past, it was unpaid leave at most. This time it is really going to be permanently unemployed. The White House internal memorandum has been issued, and various departments have to prepare layoffs. The Democratic Party is furious and directly launched an investigation to dig out the Trump team.
Things have to start at the end of September, when the funds for the fiscal year were about to expire, and Congress got a provisional appropriation bill, amounting to $1.7 trillion, enough for the federal government to last until November. But the Democratic Party is clinging to the subsidy of the Affordable Care Act. This money is related to the medical insurance of 24 million people. If it is cut off, the premium will skyrocket at the end of the year, especially in Texas and Florida, which will affect the boss. The Republicans, on the other hand, insisted on a clean extension bill with no strings attached. On September 23rd, Trump had an appointment with the leader of the Democratic Party to have a talk. As a result, the phone hung up and cancelled it directly, saying that the Democratic Party was insincere. In this way, the White House let it go on September 29th. If it shuts down on October 1st, it will start large-scale layoffs, not a simple vacation, but a real attrition. After 0: 00 on October 1st, the funds were burned out, the shutdown was officially launched, and Congress did not pass any bill. Federal employees were divided into two groups, one group was necessary to continue working, and the other group of 750,000 was directly on standby without pay.
Mr. Trump played the game hard and stopped the next day, and he reiterated the need to cut the Democratic party-related agencies, saying it was to save money, the federal debt was 37 trillion, to manage. The office of the White House OMB issued a memorandum, asking departments to prepare for the "delayed resignation plan", targeting 100,000 jobs, employees should sign an agreement, or go straight away. This is not an empty talk, before Trump signed an administrative decree in February this year, freezing recruitment, and also building a government efficiency department, specializing in waste and fraud. In April, there were already 150,000 federal employees who bought money and left the job, injuring 80 years of new high. Now it stopped a joke, this wave of cuts directly up, the core depart
The market also suffered. As soon as the shutdown came out, Wall Street panicked. The U.S. dollar index plummeted, the price of gold broke through $3,800 an ounce, and investors began to sell U.S. debt and turn to safe-haven assets. The key data of the non-farm payrolls report was supposed to be released on October 4. As a result, the government was shut down and the Bureau of Statistics had no money to work, so the report was delayed. The policymakers of the Federal Reserve are blind, monetary policy cannot be accurately oriented, and interest rate expectations are completely chaotic. The shutdown not only affects national parks, but also affects people's livelihood issues such as aviation and social security. Airport security checks are delayed, flights are late, social security offices are closed, and the elderly can't get checks. On October 2nd, Capitol Hill voted for a temporary bill, and the Republican version passed the House of Representatives, but the Senate got stuck, and the Democratic version couldn't get through. It took 60 votes, and both sides failed.
By October 3rd, Trump posted another post on X, stressing that it was caused by the Democratic Party and had to give in. A White House spokesman said that layoffs were "imminent" and would start within a few days, targeting Democratic-leaning jobs. The Democratic House panel quit and launched an investigation on October 4th, summoning White House officials to hand in layoff plan documents. At the Justice Department, officials began to photocopy memos, and internal meetings were held to discuss how to implement them, but no one knew exactly where to start. On the fifth day of the shutdown, October 5th, Trump publicly said that layoffs were already underway, and it was all the Democratic Party to blame. His economic adviser, Kevin Hassett, made up the knife on CNBC, saying that if the Senate vote failed again, it would have to take "sharp measures". That day, the Senate voted for two more rounds, one for the Republican hemostasis bill and the other for the Democratic medical insurance version, all of which failed. The vote was 45 to 50, and it was deadlocked.
The federal worker’s day was sad, on the sixth day of October 6, about 750,000 people were unpaid at home, and the first full pay day came empty on October 24. The White House draft also said that holiday workers were not eligible to receive their pay back, which was the first in history. National Parks were covered, tourists were not able to enter, the library and the Supreme Court were also stopped until October 17. Trade union lawyers filed a ban, the court accepted, but progressed slowly. Trump took a call on the golf course that afternoon to see market data, the dollar continued to weaken, and the stock markets fluctuated greatly. Democratic leader Hachim Jerry said on NBC that Trump didn’t want to give workers medical insurance and talent shutdown. Senator Adam Shiff also added that there was a guarantee
Trump is a little loose, saying that negotiations on health insurance subsidies are open, but on the assumption that the Democratic Party will end the shutdown first. The Senate will vote again today, the Republican Party will push the November 21st Stop Blood Act, and the Democratic Party will add health insurance and medical subsidy cut protection. The negotiations are still slashing, and the White House has frozen 18 billion dollars of funds in Democratic states such as New York, and also cut eight billion green energy projects. The Trump team is affected by the project 2025 and wants to stop thin bureaucrats, and OMB director Russell Watt drafts an expansion directive. Economic impact spread, the blockchain industry is calling for two-party cooperation to push the crypto regulations, not to let the political catch. Polymarket at 74%