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The longest federal government shutdown in US history may be nearing its end, but economists say it has already left deep scars on an economy struggling with slow growth, inflation, and uncertainty. With 1.25 million federal workers unpaid since October 1 and thousands of flights canceled, the economic fallout is being felt nationwide — from…
Speaker of the House Mike Johnson, R-La., makes a statement to reporters following a vote in the Senate to move forward with a stopgap funding bill to reopen the government through Jan. 30, at the Capitol in Washington, Monday, Nov. 10, 2025. (AP Photo/J. Scott Applewhite) After six weeks of political deadlock, the Senate voted…
File photo (Picture credit: AP) Asian stocks continued to climb for a second straight day on Tuesday as signs emerged that US lawmakers were close to resolving the country’s record-long government shutdown. The positive sentiment also lifted global markets, though oil prices remained subdued amid concerns about oversupply and slowing demand.At 0230 GMT, the Nikkei…
Alexandria Ocasio-Cortez (file- AP) The TOI correspondent from Washington: US Democrats barely got a week to enjoy sweeping by-elections victories before bloodletting erupted between the party’s progressive wing and moderate centrists over a deal with Republicans to end the longest government shutdown in the country’s history. Eight moderate Democrats and one independent broke ranks to…
Global stock markets rose sharply on Monday as investors showed optimism amid reports that the US government shutdown could soon be resolved, after a breakthrough in the record 40-day standoff.Dow was trading up 115 points or 0.25%, reaching 47,103. Nasdaq also inched 1.95% or 448 points, to trade at 23,452 at 8:50 PM IST. S&P…
A group of Senators voted to end the govt shutdown after 40 days — the longest in US history — arguing that Republicans’ “flat refusal” to move on Democrats’ earlier proposals made clear that “this is the best possible offer we could secure.”In a procedural vote, senators advanced a House-passed bill that will be amended…
Flight disruptions climbed sharply across the US on Sunday, with cancellations and delays far exceeding normal levels amid mounting pressure on the aviation system from the ongoing government shutdown. Over 2,100 flights were cancelled on Sunday due to the shutdown and the FAA’s recent order to scale back air traffic, according to The Associated Press….
Asian equities climbed on Monday, supported by optimism that a US government shutdown may be avoided and recovering from last week’s concerns over AI valuations.Hong Kong’s HSI climbed to 26,409, up 167 points or 0.64%. Kospi traded up 112 points or 2.8%, reaching 4,065. In Japan, Nikkei gained 490 points or 0.98% to stand at…
US senators on Sunday reached an agreement to reopen the government after 40 days, signaling an end to the lengthy shutdown.A group of at least eight Senate Democrats, in consultation with Senate GOP leaders and the White House, reportedly reached a deal on Sunday to end the 40-day US government shutdown in exchange for a…
Air travel across the United States could soon “slow to a trickle”, Transportation Secretary Sean Duffy warned on Sunday, as the prolonged government shutdown continues to paralyse operations and disrupt flight schedules nationwide, AFP reported.Thousands of flights were cancelled or delayed through the weekend as the Trump administration ordered capacity cuts at 40 airports to…
