On November 5, the U.S. Senate did not approve the temporary funding bill again on the 4th. The shutdown that began on October 1 is about to surpass the record of 35 days set in 2018, becoming the longest in history.
The first to suffer are ordinary people, with 13,000 air traffic controllers and 50,000 security screeners working without pay, and absenteeism rates soaring to 24 - 44%. On October 30, more than 6,000 flights were delayed and 1,000 canceled, with Kennedy Airport having grounded flights.
The U.S. government shutdown is due to significant differences between the two parties over the budget and other issues, and there have been multiple shutdowns for similar reasons in the past.
For the industry, the aviation sector is suffering enormously, with daily losses that could exceed ten million dollars; for the market, stock market volatility can reach 3%; for ordinary people, travel times are increasing significantly.
The two parties are calculating their own interests, the red line is not to touch fundamental principles, and the bargaining chips are political influence; the government's call is to maintain operations, the constraint is the fiscal rules, and the bargaining chip is the policy tools.
Viability requires a compromise between the two parties (with no public data available), funding in place, and rule adjustments. The first obstacle is the significant differences between the two parties, the second is the interference of interest groups, and the third is the pressure of time.
Suspense one: When will the two parties be able to reach a compromise? Suspense two: How long will the shutdown last? Suspense three: How severe will the economic impact be?
What do you think, readers? Feel free to discuss in the comments.
