Government Shutdown Could Blur Economic Picture for Traders, Fed
The Federal Reserve is keeping a close eye on economic data as it “assesses the appropriate path” for monetary policy, but the central bank and traders in financial markets may find their vision blurred if Washington gridlock spurs yet another government shutdown later this month.
November 4, 2019Small Businesses Not Optimistic Over Economic Outlook
Sentiment among U.S. small businesses slumped in January to the lowest level since Donald Trump became president as the economic outlook weakened amid the longest-ever U.S. government shutdown.
February 12, 2019Transportation Agencies Reopen After Truce Ends Historic Shutdown
The truce between congressional Democrats and President Donald Trump on Jan. 25 halting the longest federal government shutdown in history meant more than 16,000 staffers at the U.S. Department of Transportation will no longer be furloughed.
January 29, 2019Tax Refunds Will Be Paid on Time Despite Shutdown, Mnuchin Says
The U.S. Treasury Department is ready for the tax season and will pay tax refunds “as normal,” Treasury Secretary Steven Mnuchin told Fox Business News on Jan. 29.
January 29, 2019House, Senate Pass Bill to End Shutdown, Fund Government Through Feb. 15
Congress voted to end the 35-day partial government shutdown after President Donald Trump capitulated to House Speaker Nancy Pelosi and agreed to reopen federal agencies without any guarantee of money for his proposed border wall.
January 25, 2019Editorial: Watching the Slowdowns, Ending the Shutdown
A gangbusters year marked by soaring freight rates and frenzied order and sales activity for equipment ended on a soft note, as December saw reported declines in both truck tonnage and trailer orders. It had to happen eventually, but some may feel cheated that the industry didn’t get to close out this otherwise stellar year on a high note.
January 24, 2019Government Shutdown Strains Emerge in US Air Travel System
The strain of a 34-day partial government shutdown is weighing on the nation’s air-travel system, both the federal workers who make it go and the airlines that depend on them. Air traffic controllers and airport security agents continued to work without pay — they will miss a second biweekly paycheck Jan. 25 — but high absentee rates raise the threat of long airport lines, or worse.
January 24, 2019Jobless Claims Fall to 49-Year Low Despite Shutdown
Filings for U.S. unemployment benefits fell last week to the lowest level since 1969, signaling the labor market remains tight despite the partial federal-government shutdown.
January 24, 2019Shutdown at Day 32 as Democrats Vow to Reject Trump Offer
The longest government shutdown in U.S. history entered its 32nd day on Jan. 22 with Senate Majority Leader Mitch McConnell expected to call up legislation to advance a proposal from President Donald Trump, which Democrats have already said they’ll reject.
January 22, 2019Missing Data During Shutdown Complicates Consumer Spending Reports
The U.S. growth outlook hangs more than ever on American consumers’ resilience amid stock market swoons and trade-war tensions, but key data on their spending — the biggest part of the economy — will be missing due to the government shutdown.
January 15, 2019