During the last government shutdown, which began in late 2018, many demoralized workers called out sick or did not show up to work.
Category: Shutdowns (Institutional)
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Shutdown Puts a Divided Fed in a Perilous Position
Some policymakers at the central bank are in a rush to lower interest rates after the Federal Reserve’s first cut this year, while others are urging caution.
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The Economic Stakes of a Government Shutdown
Investors have shaken off threats of damage from shutdowns before. But federal layoffs, pauses in economic data and more could make this time different.
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What Travelers Need to Know About the Possible Government Shutdown
A federal work stoppage could bring longer lines at the airport, national park closures, and significant losses in tourism revenue.
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For Investors, Government Shutdowns Haven’t Mattered. Is This Time Different?
Shutdowns have long been immaterial for the stock and bond markets, but there’s a risk now that a political confrontation could derail the economy.
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Jaguar Land Rover Says Cyberattack Will Halt Production Through Oct. 1
The company shut down production in early September to contain the breach. It had previously said it planned to resume operations on Sept. 24.
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California’s High Gas Prices Could Climb Further as Refineries Close
The state has led the country in adopting electric cars and reducing gas use, but it now faces much higher gas prices as oil companies plan to shut down refineries.
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In High-Profile Closings, Los Angeles Restaurateurs See Trouble
The city’s turmoil, from wildfires to curfews, has exacted a toll on some of its best-loved restaurants and raised worries about the future.
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Why Three Wealthy Bidders Are Fighting for What’s Left of Hudson’s Bay
Months after the shutdown of the 355-year-old Hudson’s Bay Company, the legal action it created continues apace.
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Prestige Podcast Company Pineapple Street Studios Shuts Down
The studio was a model podcast startup of the 2010s. But Audacy, its owner, has struggled to turn a profit.
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Trump Says He Wants to Fund More Trade Schools. Just Not These.
The Job Corps program has long been the subject of debate, but it is now also a point of contention in the administration’s efforts to pull back the social safety net.