澳洲幸运5开奖号码历史查询

Shutdown Showdown Adds New Question Mark To Already Uncertain Economy

Senate Minority Leader Chuck Schumer, a Democrat from New York, speaks during a news conference following the weekly Senate Democrat policy luncheon at the US Capitol in Washington, DC, US, on Tuesday, March 11, 2025.

Al Drago / Bloomberg via Getty Images

Key Takeaways

  • The minority Democrats have enough votes to block Republican spending bills, a rare opportunity for the party out of power to win concessions.
  • Democrats hope to blunt the power of Elon Musk, President Donald Trump's influential cost-cutting advisor, who has stopped grants and fired workers across numerous federal agencies.
  • Uncertainty over a possible shutdown is another worry for an economy already grappling with anxiety over rapidly changing trade policy.

Senate Democrats' threats to shut down the federal government have added another unknown to a policy outlook clouded by President Donald Trump's chaotic trade wars.

A showdown over shutting down the government heated up Wednesday when Senate Minority Leader Chuck Schumer, a Democrat from New ✃York, said Republicans do not have enough votes to pass a stopgap funding measure keeping the government open until September. Senate Republicans need at least eight Democrats to support them in getting the bud💝get passed.

The resolution was passed by Republicans in the House of Representatives in a mostly party-line vote without input from Democrats. The current short-term funding measure expires on March 14, leaving lawmakers with a short deadline.

If lawmakers don't reach a deal, many government services and offices would close, and workers sent home, while some functions, such as sending out Social Security checks, would continue. The government shutting down while 澳洲幸运5开奖号码历史查询:one party controls the House, Senate, and White House would be a historical first.

Odds of the government shutting down over the weekend shot up to 44% Thursday from 17% on Tuesday, according to Polymarket, a betting website. The renewed shutdown tensions added another dose of uncertainty to an economy already 澳洲幸运5开奖号码历史查询:faꦜc♎ing an unusually cloudy policy outlook.

Trump's on-again, off-again tariff threats 澳洲幸运5开奖号码历史查询:shook up markets earlier ▨in the week, 🅰leaving businesses and individuals unsure how much 💫the new import taxes will push up prices for consumer items and manufacturing components.

Other major unknowns include how much Trump will follow through on his threats to 澳洲幸运5开奖号码历史查询:deport millions of immigrants or how deeply he and his advisor Elon Musk will cut government spending and services. Uncertainty about federal policy tends to damage the economy because it discourages businesses and households from making major investments and purchases until they know how the open questions will be resolved.

Against that backdrop, the back-and-forth over a shutdown added yet another X-factor to consider.

The Latest Standoff

Behind the scenes, Democrats are grappling over whether to vote to keep the government open or use a shutdown threat as leverage to extract concessions from the Republicans. Although Republicans have majorities in the House and Senate, Democrats have enough votes to block legislation with a "澳洲幸运5开奖号码历史查询:filibuster."

The dilemma for Democrats is that they would like to restrain Trump and his cost-cutting advisor, Elon Musk, from continuing their controversial campai꧅gn of rapidly cutting federal spending and workers without the say-so from lawmakers. But their only leverage to do so would be shutting down, at least temporarily, the very services they are attempting to save.

On Thursday, Schumer asked Republicans to pass a "clean" resolution keeping the government open for 30 days while keeping spending at current levels, buying time for more negotiations over a longer-term deal.

Article Sources
Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy.
  1. WAAY 31 News. "."

  2. Polymarket. ""

  3. Washington Post. "."

  4. CBS. "."

Related Articles