government shutdown, Senate
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The government shutdown stretched into Day 24 on Friday as the Senate failed to advance a measure to pay some federal workers.
The Bureau of Labor Statistics' September Consumer Price Index will be the first major economic report to be released since Oct. 1 .
17hon MSN
Democrats under fire as food stamp funds run dry: 42 million Americans caught in shutdown fight
Federal food programs including SNAP and WIC face funding shortages affecting over 42 million people as the government shutdown continues.
Inflation data set for release Friday is expected to show inflation ticking up, offering this month’s only official glimpse of the economy amid the shutdown.
A prolonged shutdown of the U.S. government amid a standoff over funding between Republicans and Democrats in Congress could dent economic growth in the fourth quarter, but much of the lost output would be recovered when normal operations resume.
About 42 million people receive money through the Supplemental Nutrition Assistance Program, sometimes called food stamps. The U.S. Agriculture Department told states in an Oct. 10 letter that if the shutdown continues, the program will run out of money to pay for benefits in November.
A big unknown ahead of the September CPI is how much the government shutdown, which started Oct. 1, impacts the data. Ten days later, statisticians at the Bureau of Labor Statistics were called back to work to complete the report.
The early childhood program Head Start is facing a cutoff of federal funding at the end of the month because of the government shutdown. Some Head Start educators are already working without pay, other programs are preparing to close.
The Senate on Thursday rejected dueling partisan bills to pay federal workers during the government shutdown, with both Republicans and Democrats deflecting blame as many employees are set to miss their first full paycheck at the end of this week.
Florida is warning families not to expect their EBT cards to be reloaded next month, increasing pressure on Congress to end the government shutdown.