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Federal Shutdown Hits Economy, Delays Military and Worker Pay

10/13/2025

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Summary

Story summary

The U.S. federal government shutdown is in its 13th day, according to Treasury Secretary Scott Bessent.
Bessent warns the shutdown is affecting the economy.
To prioritize military pay, the government is delaying payments to federal workers, including those at cultural institutions.
The shutdown is hindering aid for farmers and causing furloughs nationwide.
He linked the portrayal to Democrats' moves on healthcare subsidies.

History

Historical Context

The 2013 U.S. federal government shutdown, lasting 16 days, stemmed from a budget impasse over the Affordable Care Act, resulting in 800,000 federal workers furloughed and an estimated $24 billion economic loss. This event echoed previous shutdowns, notably the 1995-1996 crisis, highlighting ongoing political divisions and eroding public trust in government efficiency, with significant implications for federal services and economic stability.

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Story summary

The U.S. federal government shutdown is in its 13th day, according to Treasury Secretary Scott Bessent.
Bessent warns the shutdown is affecting the economy.
To prioritize military pay, the government is delaying payments to federal workers, including those at cultural institutions.
The shutdown is hindering aid for farmers and causing furloughs nationwide.
He linked the portrayal to Democrats' moves on healthcare subsidies.

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