A deal that avoided a shutdown also slashed spending for the National Science Foundation, putting it billions below a congressional target intended to supercharge American science research.
As Democrat and Republican leaders negotiate a potential spending deal to fund the government, the partial shutdown of 2013 offers some clues about the economic impact should they fail.
His key opponent is an incendiary character in a world of legal trouble. So why isn’t Joe Biden in a better position to win the 2024 presidential race than he seems to be?
The incumbent president is struggling in the polls, with his biggest hopes an improvement in economic sentiment before the election, and a conviction for Trump.
Brinkmanship means coming to the edge of potential default on the US debt ceiling. Are lawmakers negotiating the debt limit representing the wishes and interests of their voters?
Jakub Hlávka, University of Southern California and Adam Rose, University of Southern California
Workplace absences, along with sales lost due to the cessation of brick-and-mortar retail shopping, airline travel and public gatherings, contributed the most.
House Speaker Kevin McCarthy agreed to raise the debt ceiling – and avoid an unprecedented US default – but only if Democrats agree to freeze spending and agree to several other demands.
The Fed’s campaign of rate hikes is showing more signs of having the intended effect of slowing the economy – but that may be bad news for those who lose their jobs or have a harder time finding one.