Economic Impact of Government Shutdown: Enough for Recession?

Brian Jacobsen and Thomas Urano explain the economic impact of the government shutdown. In addition to federal employees impacted, companies with government contracts are potentially not being paid. They discuss what the total costs might be, though Thomas notes that the bond market doesn’t seem too concerned about the length of the shutdown. They also talk about whether the shutdown will be over soon; Brian touches on the “game theory” he sees.

The Watch List

03 Nov 2025

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