Breaking! The US government shutdown is nearing a historical record, severely impacting people's livelihoods and industries.
Just now, the latest news from the US government has come in!
On November 5, news indicated that the US Senate again rejected the temporary funding bill on the 4th. The government shutdown, which began on October 1, is about to surpass the 35-day record set in 2018, becoming the longest shutdown in US history.
The shutdown has already begun to affect ordinary citizens: 13,000 air traffic controllers and 50,000 airport security personnel have been forced to work without pay, with absenteeism rates soaring to 24%-44%. On October 30, over 6,000 flights across the US were delayed, and 1,000 flights were canceled, with New York's Kennedy Airport even reaching a state of grounding at one point.
The core incentive for this shutdown remains the serious divergence between the two parties on key issues such as government budgeting—similar disagreements have previously led to government shutdowns.
In terms of impact, losses in various sectors are gradually becoming evident:
- Industry level: The aviation industry is hit hardest, with daily losses potentially exceeding ten million dollars;
- Market level: Stock market volatility is expected to rise to 3%;
- Livelihood level: Travel time for citizens has significantly increased, and daily commutes are severely disrupted.
The current competitive landscape is clear: the two parties aim to “fight for their own interests,” leveraging “political influence” as a bargaining chip, with the bottom line being not to touch their core principles; the government seeks to “maintain normal operations” constrained by “fiscal rules” and relies on “policy tools” to drive problem resolution.
However, resolving the issue still faces multiple challenges: there has been no clear progress in bipartisan compromise (no public data to support this yet), funding is needed, and rule adjustments will also take time; at the same time, the difficulty in bridging party divides, obstruction by interest groups, and the urgency of the time window pose three core obstacles.
Three major uncertainties remain to be resolved in the future:
1. When will the two parties break the deadlock and reach a compromise?
2. How long will this shutdown last, and will it far exceed the previous record?
3. To what extent will the shutdown impact the US economy? $BTC