Economic Impact Of US Shutdown: Duration Crucial, Says Standard Chartered’s Manpreet Gill | ET Now #ETNOW
Economic Impact Of US Shutdown: Duration Crucial, Says Standard Chartered’s Manpreet Gill | ET Now
US government shutdown begins Oct 1, 2025, after Senate fails stopgap bill; furloughs ~750K workers, halts non-essential services amid Dem-Rep impasse on healthcare subsidies vs. spending cuts. Trump threatens layoffs. ADP reports -32K private payrolls in Sep (vs. +51K est.), signaling labor weakness; markets flat, GDP risks 0.2% weekly drag if prolonged.
#usshutdown #governmentfunding #adppayrolls #trumpshutdown #labormarket #economicimpact #federalworkers #politicalimpasse #wallstreet #gdpdrag #etnow
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