In One Chart: The government shutdown has become the longest on record

By

Money & Politics reporter

At 22 days in duration as of Saturday, the current partial government shutdown has become the longest one on record, based on figures that go back more than 40 years.

It has exceeded the mark set by a 21-day closure during the Clinton administration that began in December 1995.

The record was broken as the end of the workweek brought no major signs of a bipartisan spending deal that would reopen shuttered agencies.

The chart below, based on Congressional Research Service data, shows how the current shutdown tops all other closures or gaps in funding in the last four decades.

Analysts have noted that the impact of the current shutdown is somewhat limited, as it’s affecting agencies that represent about 25% of total government spending.

The ongoing shutdown has been sparked by a dispute over money for President Donald Trump’s proposed wall at the southern border. The president on Wednesday left a negotiating session after clashing with top Democratic lawmakers, and Trump stated Thursday that he could declare a national emergency in order to build his wall if there’s no funding deal with Democrats, saying “probably I will do it. I would almost say definitely.” On Friday he backed away from any imminent national-emergency declaration but said he retained the right to take such a step. “I’m not going to do it so fast,” he said, according to a White House pool report.

Check out: Government shutdown could double airport security lines

And read: Newcomers to Congress vow to end shutdown, see ‘hard work’ ahead

Shutdown-related worries have played a role in sending the stock market SPX, -0.01% sharply lower in recent weeks. The Dow DJIA, -0.02% has rallied 2.9% in January, but it is still showing a loss of 1.5% over the past 30 days.

Related: One potential winner from the government shutdown: payday lenders

Also see: Video shows Trump telling students to go over any concrete wall

This report was first published on Jan. 3, 2019.

Filed in: Top News Tags: 

You might like:

Want to profit from the housing shortage? There’s a new ETF for that. Want to profit from the housing shortage? There’s a new ETF for that.
Currencies: Dollar inches higher ahead of Fed decision, British pound falls on Brexit extension talk Currencies: Dollar inches higher ahead of Fed decision, British pound falls on Brexit extension talk
In One Chart: How the rich, the poor and the rest of us make and spend our money In One Chart: How the rich, the poor and the rest of us make and spend our money
Market Extra: Bulls and bears are locked in tug of war as bond and stock markets climb in tandem Market Extra: Bulls and bears are locked in tug of war as bond and stock markets climb in tandem
Upgrade: The No. 1 happiest country in the world Upgrade: The No. 1 happiest country in the world
Economic Report: Text of FOMC March statement Economic Report: Text of FOMC March statement
Howard Gold's No-Nonsense Investing: Stock market keeps rising, so why is nobody cheering? Howard Gold's No-Nonsense Investing: Stock market keeps rising, so why is nobody cheering?
Futures Movers: U.S oil prices rise to $60 as supplies post a weekly drop of nearly 10 million barrels Futures Movers: U.S oil prices rise to $60 as supplies post a weekly drop of nearly 10 million barrels

Leave a Reply

Submit Comment
© 2019 Stock Investors News. All rights reserved. XHTML / CSS Valid.