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U.S. government shutdown continues》Senate votes down funding bill for the 12th time, exacerbating healthcare reform and military pay crisis.
The U.S. government shutdown has reached 22 days, setting the second-longest record in history; the stalemate between the two parties affects American livelihoods, the economy, and holiday travel. (Background: After Trump closed the government, he conducted mass layoffs of federal employees and froze an $8 billion green energy project from the Democrats.) (Supplementary background: The White House announced the official shutdown of the U.S. government, with Trump officials praising the opportunity to eliminate redundant employees.) On the 22nd, the U.S. Senate failed to pass a temporary funding bill proposed by the Republicans, marking the 22nd day of the shutdown, tying the record from 1995 to 1996 and becoming the second-longest in history; if it continues, it will break records. However, the two parties are still arguing over budget allocations, leaving hundreds of thousands of federal employees unpaid, with social welfare and travel services on high alert. If the recess extends to November 5, the U.S. government shutdown will exceed the historical high of 35 days from 2018 to 2019. Prolonged deadlock threatens to break records. Currently, the Republicans advocate a “clean” short-term bill to extend spending until November 21, while the Democrats demand a simultaneous extension of the Affordable Care Act premium subsidies, creating a deadlock. According to an analysis by USAFacts, if the shutdown lasts a full month, GDP could decline by 0.2 percentage points, and the impact will spread to manufacturing and local employment after the suspension of federal contracts. Salaries, healthcare, and childcare are all simultaneously affected. Currently, about 750,000 federal employees are forced to take unpaid leave, with about 13,000 air traffic controllers and 50,000 TSA employees still required to work without pay, increasing pressure on flight safety day by day. Although the military was able to pay salaries on October 15 as scheduled, it remains uncertain whether the next batch of checks on October 31 will arrive. The livelihood aspect is also in urgent need. November 1 is the annual enrollment day for the Obama healthcare reform, which is also the core negotiation point. On that day, the “Head Start” program ( is also at risk of suspension due to lack of funds, with reports indicating that courses for 65,000 children in 135 centers across 41 states may be interrupted. Economic costs and market fluctuations. The economic costs of the shutdown are expanding. According to CBS News, weekly losses are estimated to reach $7 billion. Consumer confidence, business investment, and the Supply Chain are all under pressure, and financial markets are particularly sensitive to long-term uncertainties, with increased volatility in stocks, bonds, and currencies, also affecting the dollar's trend. Within the House and Senate, centrists have publicly called for “opening the government before negotiations,” but party leadership still maintains their original positions. From national parks to airport runways, from military camps to childcare centers, the shadow of the shutdown has seeped into daily life. Related reports: What impact would a U.S. government shutdown have on Bitcoin? If the U.S. government shuts down: Non-farm and CPI reports may be delayed, and the Federal Reserve's interest rate decisions are shrouded in uncertainty. Bitcoin surpassed 119,000, marking the highest level in a month and a half, while U.S. stocks remain unafraid of the government shutdown, with all four major indices closing up. This article was first published in BlockTempo, “BlockTempo - The Most Influential Blockchain News Media.”