Money, Wealth & Power—A Daily Look at the Financial World
Talk of a federal shutdown tends to fade once Congress cuts a deal, yet the political and structural forces that nearly close the government rarely disappear. They accumulate, like pressure behind a dam, until the next deadline brings the same arguments roaring back. That is why the latest wave of shutdown chatter feels less like…
During the 2025 government shutdown, members of the U.S. Congress continued to receive their full salaries, highlighting a stark contrast between lawmakers and other federal employees affected by the funding lapse. This shutdown, which disrupted non-essential federal operations, underscored the financial implications for those in public service, as congressional pay remained uninterrupted. While essential services…
Members of Congress will not receive a pay increase this year, maintaining their salaries at current levels amid ongoing fiscal debates in Washington, D.C. This decision follows routine annual reviews by federal authorities responsible for such adjustments. The announcement highlights the persistent challenges in balancing legislative compensation with broader economic pressures. Background on Congressional Pay…
Kevin Hassett, a prominent economic advisor, recently issued a stark warning about the potential permanent loss of U.S. economic data due to the government shutdown. On November 11, 2025, Hassett cautioned that the data lost during this period might never be recovered, a sentiment echoed by the White House on November 13, 2025. The administration…
The U.S. Senate recently passed a deal on November 10, 2025, aimed at ending the longest government shutdown in American history. This agreement, which President Trump signed on November 13, 2025, officially concluded a shutdown that had paralyzed federal operations for months. The bipartisan resolution marks a significant breakthrough after prolonged partisan disputes over budget…
The U.S. Senate has taken decisive action to end the record-breaking government shutdown, passing a legislative package on November 11, 2025. This move comes as a significant relief after an unprecedented halt in federal operations, marking the longest government shutdown in U.S. history. With the Senate’s approval, the focus now shifts to the House of…
Senate Democrats, led by prominent figures such as Bernie Sanders and Chuck Schumer, are demonstrating a cautious approach to resolving the ongoing government shutdown. Their reluctance to support a Republican-led funding measure underscores a strategic pause in negotiations. This hesitation has persisted since late October, when Democrats first opposed the GOP bill aimed at ending…
The US government shutdown has entered its 36th day, setting a new record as the longest in history after the latest Senate vote failed to pass a funding bill. This marks the 14th consecutive unsuccessful attempt by the Senate to resolve the funding impasse, with lawmakers remaining at odds in Washington, D.C. President-elect Donald Trump…
Delta Air Lines is urging Congress to resolve the ongoing government shutdown, emphasizing the severe impact on its workforce and operations. Employees are working mandatory overtime without pay, and the closure of Delta One TSA lines at airports is causing significant travel disruptions. United Airlines has joined Delta in calling for a swift resolution, highlighting…
The 2025 government shutdown, which began on October 1, has resulted in the closure of numerous federal operations. However, essential services remain operational, including the 10 most visited national parks, which are open to the public with some limitations. Social Security offices continue to function, ensuring beneficiaries can manage claims and payments without significant disruptions….