On its 33rd day, the US federal government shutdown is not just a news headline—it’s shaking the foundations of the economy, public services, and national morale. Here’s how the impasse is playing out:
- Data Blackout: Third-quarter GDP figures were pushed from this week to October 30, leaving businesses and policymakers in the dark.
- Defense Crunch: The Treasury tapped $5.3 billion in defense funds to pay October’s military payrolls, but troops risk going unpaid by mid-November without new appropriations.
- SNAP at Risk: When current funds dry up, Supplemental Nutrition Assistance Program support for 42Â million Americans could halt, spurring food banks into emergency mode.
Economists warn that missing data may skew market forecasts and delay investments, while military leaders fret over operational disruptions. Meanwhile, millions of vulnerable residents face growing uncertainty over their next meal.
As the shutdown stretches on, the question looms: how long can the economy, the armed forces, and public safety nets hold out before the ripple effects become tidal waves?
Stay tuned as we track the unfolding impact on global markets, social safety nets, and national confidence.
Reference(s):
cgtn.com
