US Shutdown Kicks Off: 2M Workers Furloughed, Economy Braces For Chill | Arvind Chari | ET Now #ETNOW
US Shutdown Kicks Off: 2M Workers Furloughed, Economy Braces For Chill | Arvind Chari | ET Now
US government shutdown began Oct 1, 2025, after failed funding deal; furloughs ~2M workers, halts non-essential services amid partisan deadlock on spending cuts vs. ACA extensions. Markets at highs shrug it off initially, but prolonged freeze risks 0.1-0.2% GDP hit, wage softness, higher risk premium amid tariffs. Volatility looms for investors.
#usshutdown #governmentfunding #trumptariffs #economicimpact #furloughs #politicalrisk #usdollar #fedwatch #wallstreet #globalmarkets #etnow
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