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Business & Economy
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Business & Economy
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Shutdown ties record as lawmakers struggle toward deal
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The government shutdown, which stretched into its 35th day Tuesday, has tied the record for the longest in U.S. history. The current shutdown began Oct. 1, after Congress failed to strike a deal to fund the government.
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© Illustration / Courtney Jones; and J. Scott Applewhite and Mariam Zuhaib, Associated Press
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Since the shutdown started, thousands of federal workers have been furloughed while others are working without pay, flights have been delayed nationwide and many Americans have been left without food assistance.
The last shutdown that lasted this long occurred during President Trump’s first term, from Dec. 22, 2018, to Jan. 25, 2019, and stemmed from a dispute over funding for a border wall.
This time, the central issue in the shutdown fight has been healthcare. Democrats have urged Republicans to extend the Affordable Care Act subsidies, which are set to expire at the end of the year, and have not supported a Republican “clean” stopgap measure to reopen the government.
The Senate failed to advance the measure for the 14th time Tuesday, making it likely that the shutdown will surpass the record as it continues past Tuesday night.
Read more here.
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Welcome to The Hill’s Business & Economy newsletter, I’m Sylvan Lane — covering the intersection of Wall Street and Pennsylvania Avenue.
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Key business and economic news with implications this week and beyond:
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The Department of Energy announced $625 million in funding Tuesday to renew five quantum research centers established under the first Trump administration.
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President Trump signaled Tuesday he would be withholding Supplemental Nutrition Assistance Program (SNAP) benefits until “Radical Left Democrats open up government,” as many states grapple with a lapse in federal funding.
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The U.S. Department of Agriculture (USDA) informed grocery stores they cannot offer discounts to Supplemental Nutrition Assistance Program (SNAP) recipients amid the government shutdown.
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In recent weeks, automakers and other companies in the vehicle space are pulling back their investments in electric vehicles (EVs), including laying off workers in multiple states.
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Branch out with more stories from the day:
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American Airlines said Tuesday it will cut a “small” number of management and support roles, mostly …
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Business and economic news we’ve flagged from other outlets:
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Pizza Hut’s Parent Says Struggling Chain May Go Up for Sale (NYT)
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IBM cutting thousands of jobs in the fourth quarter (CNBC)
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Trump Negotiating With Ozempic Maker to Sell Some Weight-Loss Drugs for $149 (WSJ)
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Opinions related to business and economic issues submitted to The Hill:
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You’re all caught up. See you tomorrow!
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