Sooo, what even is a shutdown and why is everyone buzzing about it?
JioCoins
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Sooo, what even is a shutdown and why is everyone buzzing about it?
Sooo, what even is a shutdown and why is everyone buzzing about it? Basically, every year the US needs to approve a budget. But when Democrats and Republicans can’t agree… boom, funding stops, and we get a shutdown. ⚡️ What that actually means: ➡️ Federal workers get furloughed (no paychecks, ouch) ➡️ Military + security still work — but also without pay 😬 ➡️ Contractors lose cash flow ➡️ Loans, grants, projects? All delayed 📖 Quick throwback: Remember Trump’s era? Longest shutdown ever — 35 days, all over that Mexico border wall. And yep, it’s always about the budget drama. 🕒 Right now: ➡️ Dems want healthcare subsidies + no cuts ➡️ Republicans want a “clean” budget, zero extras ➡️ Deadline: Sept 30. If they don’t figure it out → partial shutdown kicks in. 📉 Why it matters: ➡️ Investments slow down, small biz hurt ➡️ Fed gets less data → more uncertainty ➡️ GDP feels pressure 📊 In the short-term, shutdowns usually spook risk assets. In 2018, S&P dropped ~20%, Bitcoin sank to $4–5K. But long-term? The economy survives — just with a side of volatility.$BTC
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