Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Partisan Dispute on Healthcare Subsidies Leaves Government Stalled in 35-Day Shutdown

Partisan Dispute on Healthcare Subsidies Leaves Government Stalled in 35-Day Shutdown

Bitget-RWA2025/11/04 18:16
By:Bitget-RWA

- U.S. government shutdown hits 35 days, matching 2018-2019 record due to partisan disputes over healthcare subsidies and funding. - Democrats demand ACA premium subsidy extension, while Republicans oppose tying funding to pandemic-era programs, causing unpaid workers and service disruptions. - Economic risks grow with potential $1.4B losses if shutdown extends, as military pay and food assistance programs face critical strain. - Senate shifts toward seeking 2026 funding extension after failed short-term b

On November 4, 2025, the U.S. government shutdown reached its 35th day, equaling the longest in American history, as the standoff between Democrats and Republicans shows no sign of resolution. The impasse, rooted in disputes over federal funding and the continuation of pandemic-era healthcare subsidies, has resulted in hundreds of thousands of federal employees missing paychecks and has interrupted essential government services. As the Senate prepares for a 14th vote on a temporary funding measure supported by Republicans, both parties remain firmly opposed, raising concerns about economic consequences and increasing public dissatisfaction.

This shutdown echoes the 35-day closure of 2018-2019, which was sparked by a disagreement over then-President Donald Trump’s request for $5.7 billion to build a border wall. The current deadlock arises from Democrats’ insistence on extending Affordable Care Act (ACA) premium subsidies, set to expire at the end of December, before agreeing to any funding bill. Senate Majority Leader John Thune, R-S.D., admitted that the November 21 deadline in the House-approved bill is no longer realistic, indicating a move toward a more extended funding plan. “That date is off the table,” Thune remarked, expressing willingness to consider funding the government into early 2026, as reported by an

.

Partisan Dispute on Healthcare Subsidies Leaves Government Stalled in 35-Day Shutdown image 0

The financial impact continues to grow. The Congressional Budget Office projected that a shutdown lasting four weeks could cut fourth-quarter GDP growth by one to two percentage points, with losses potentially reaching $1.4 billion if the closure extends to eight weeks, according to

. Many federal employees, now dependent on paycheck advances or food aid, have become the face of the crisis. At the same time, food assistance programs such as SNAP are functioning at half their usual capacity, leaving millions struggling to purchase food. Treasury Secretary Scott Bessent cautioned last week that military salaries could be jeopardized by November 15 if no agreement is reached, as
reported.

Senate Minority Leader Chuck Schumer, D-N.Y., and other Democrats have characterized the standoff as a matter of ethics. “Americans are facing a healthcare crisis unlike anything we’ve seen before,” Schumer stated, accusing Republicans of putting political interests ahead of the public good. Republicans, on the other hand, claim that linking funding to ACA subsidies is a bargaining tactic. “The casualties of the Democrats’ shutdown are mounting,” Thune commented, calling for an end to what he described as “irresponsible” Democratic obstruction, according to

.

Past shutdowns, such as the 21-day closure in 1995-1996 and the 16-day shutdown in 2013, illustrate the growing frequency of these crises in a deeply divided Washington. The current impasse has already outlasted the 1995-1996 shutdown and now matches the 2018-2019 record. With the Veterans Day break approaching and the political landscape shifting ahead of mid-term elections, pressure on lawmakers is intensifying. Still, with no agreement in sight, the ongoing shutdown underscores the difficulties of governing amid increasing polarization, as highlighted by

.

0

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.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Fed's Balancing Act: Navigating Inflation and Employment in the 2025 Interest Rate Challenge

- The Fed debates 2025 rate cuts to balance 3% inflation control with a cooling labor market, as policymakers like Jefferson advocate a slow easing approach. - Mixed signals persist: U.S.-China trade deal eased volatility but left businesses cautious, while Matson's 12.8% China service decline highlights lingering tensions. - Market expects 25-basis-point December cut, but Powell warns uncertainty remains, compounded by government shutdown limiting key data access. - Rate-cut expectations boosted municipal

Bitget-RWA2025/11/07 21:22
Fed's Balancing Act: Navigating Inflation and Employment in the 2025 Interest Rate Challenge

Bitcoin News Update: Institutions Pour In Funds Despite Bitcoin Downturn: ETFs Draw $240M During Market Turbulence

- Bitcoin ETFs saw $240M net inflows on Nov 6, ending a six-day outflow streak led by BlackRock's IBIT and Fidelity's FBTC. - Despite Bitcoin's 9% weekly price drop to $100,768, institutional confidence grew in regulated, low-fee ETF products amid market volatility. - Altcoin ETFs gained traction while total crypto ETPs faced $246.6M outflows, highlighting diverging investor priorities. - Analysts attribute Bitcoin's decline to internal dynamics, not ETFs, as on-chain data shows easing sell-pressure and st

Bitget-RWA2025/11/07 21:22
Bitcoin News Update: Institutions Pour In Funds Despite Bitcoin Downturn: ETFs Draw $240M During Market Turbulence

Hyperliquid's 2025 Boom: Blockchain-Based Liquidity and Shifting Retail Trading Trends

- Hyperliquid's TVL surged to $5B in Q3 2025, capturing 73% of decentralized perpetual trading volume via on-chain liquidity and retail demand. - Technological innovations like HyperEVM and strategic partnerships drove $15B open interest, outpacing centralized rivals' combined liquidity. - Retail traders executed extreme leverage (20x BTC/XRP shorts) and $47B weekly volumes, highlighting both platform appeal and liquidation risks. - Institutional interest (21Shares ETF application) and deflationary tokenom

Bitget-RWA2025/11/07 21:20
Hyperliquid's 2025 Boom: Blockchain-Based Liquidity and Shifting Retail Trading Trends

U.S. Pursues Five-Year Prison Terms in Cryptocurrency Privacy Lawsuit, Challenging Developer Responsibility

- U.S. prosecutors seek 5-year sentences for Samourai Wallet co-founders over $237M crypto laundering via privacy tools. - Case highlights DOJ's strategy to hold crypto platform operators liable for criminal user activity, mirroring Tornado Cash legal battle. - Defense argues for reduced sentences citing cooperation, while prosecutors emphasize deterrence against privacy-focused financial innovation. - Outcome could set precedent for developer liability in DeFi, balancing privacy rights with regulatory com

Bitget-RWA2025/11/07 21:02
U.S. Pursues Five-Year Prison Terms in Cryptocurrency Privacy Lawsuit, Challenging Developer Responsibility