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Story perspectives

Government Shutdown Sparks New Act for Fiscal Reform

10/2/2025

49 8 Full Breakdown

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Story summary
  • The federal government shut down on October 1, 2025, after Congress failed to pass funding bills.
  • Congressman Mike Turner and Rep. Jerrold Nadler reintroduced the "It’s About Time Act" to align the federal fiscal year with the calendar year, aiming to prevent future shutdowns.
  • The Office of Management and Budget (OMB) is preparing for potential permanent layoffs of federal employees.
  • Criticism has emerged over the defunding of the Council of Inspectors General for Integrity and Efficiency (CIGIE), affecting oversight across federal agencies.
  • Essential services like Social Security and Medicare will continue, but regulatory approvals and permits will face delays due to staffing limitations.
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