New Development in the US Government Shutdown: First Clear Official Statement on When It Might End
The ongoing government shutdown in the United States “will probably end this week,” White House senior economic adviser Kevin Hassett said on Monday.
Speaking to CNBC, National Economic Council Director Hassett said that if the shutdown isn't resolved by the end of this week, the Trump administration could take “stronger measures” to force Democrats to the table.
The shutdown has entered its third week due to a bipartisan dispute over federal funding. Republicans want to reopen the government by passing a short-term budget proposal at current spending levels, while Democrats insist it includes health care protections. Specifically, they are demanding an extension of the Affordable Care Act (ACA) tax credits, which are set to expire at the end of the year.
Hassett said Senate Democrats felt reopening the government before this week's massive anti-Trump “No Kings” protests would create a “negative image.”
“Now this week, things could come together and move very quickly,” Hassett said, adding that “moderate Democrats will step in to open the government and then policies can be negotiated in the normal order.”
Hassett blamed Senate Minority Leader Chuck Schumer for the shutdown, saying, “The Schumer shutdown is likely to end this week.” However, he noted that if the process were prolonged, the White House would “consider stronger measures” with Budget Director Russell Vought.
Hassett's remarks suggest Democrats are biding their time in fighting the shutdown. However, polls show that most voters blame Trump and Republicans for the impasse and strongly support extending ACA health insurance subsidies.
Schumer said earlier this month, “Every day is getting better for us because we have planned for this for a long time and we knew that healthcare would be the focus on September 30th.”
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Institutional Investors Gather as Chainlink's RWA Partnerships Drive Long-Term Investment
- Chainlink's LINK token fell 8% below $17 in late October as large investors withdrew millions from exchanges, signaling long-term confidence. - Analysts are divided, with some seeing a consolidation phase ahead of a potential $22–$24 breakout, while others warn of further downside risks. - RWA partnerships with Balcony, Streamex, and Pharos expand Chainlink's role in tokenizing traditional assets, boosting institutional adoption. - The Chainlink Reserve's $320M token buyback aims to stabilize supply, ali
Retailer's Challenge: Adopting Innovation While Maintaining Stability
- Robinsons Retail CEO rejected "don't rock the boat" advice, prioritizing innovation over stability in volatile retail markets. - Q3 2025 showed 4.8% sales growth (PHP149.3B) driven by food/drugstores, but department stores fell 11.7% due to online competition. - Net income dropped 60% to PHP3.1B from missing prior-year gains and rising costs, despite margin expansion targets and digital investments. - Strategic moves include store rationalization, private-label expansion, and PHP10.8B acquisition loan, b
Political stalemate puts military salaries at risk as government shutdown approaches critical stage
- Prolonged U.S. government shutdown risks delaying military pay by November 15, with Treasury warning of "global embarrassment" over unpaid service members. - Military families face debt and therapy needs as halted pay and relocation reimbursements strain finances, with 50,000 seeking emergency food aid in 72 hours. - Political gridlock blocks bipartisan solutions while economic ripple effects grow, including L3Harris revising forecasts and 42 million losing SNAP benefits November 1. - Advocates condemn s
Nanotyrannus Verified as a Separate Species, Transforming Our Understanding of Cretaceous Predator Relationships
- A 2025 study in Nature confirms Nanotyrannus as a distinct tyrannosaur genus, not a juvenile T. rex, resolving a decades-old debate. - Bone analysis of the "Dueling Dinosaurs" fossil revealed skeletal maturity and unique traits like higher tooth count and skull structure. - Researchers reclassified "Jane" as Nanotyrannus lethaeus, suggesting coexistence with T. rex in different ecological niches during the Late Cretaceous. - The findings challenge T. rex's perceived dominance and hint at greater tyrannos
Trending news
MoreCrypto prices
More
