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The U.S. government "shutdown" has entered its 36th day, setting a new record for the longest in history.
On November 5, as Eastern Standard Time officially entered November 5, the U.S. federal government “shutdown” entered its 36th day, breaking the record for the longest “shutdown” in history. The U.S. government previously experienced a “shutdown” for 35 days from the end of 2018 to the beginning of 2019. The Democratic and Republican parties in the U.S. remain deadlocked, failing to pass a temporary funding bill proposed by the Republicans in 13 votes in the Senate. The Congressional Budget Office previously stated that based on the duration of the federal government “shutdown,” the annual growth rate of real GDP in the U.S. is expected to decline by one to two percentage points in the fourth quarter of this year. This means that if the “shutdown” lasts for 4 weeks, the U.S. economy will lose $7 billion; if it lasts for 6 weeks, the loss will rise to $11 billion; and if it lasts for 8 weeks, the loss could reach $14 billion.