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The U.S. government "shutdown" has entered its 35th day, tying the record for the longest shutdown in history.
On November 4, as Eastern Standard Time entered November 4, the “shutdown” of the U.S. federal government entered its 35th day, tying the record for the longest “shutdown” in U.S. history. Over the past more than 30 days, the Democratic and Republican parties in the U.S. have been deadlocked, failing to pass a temporary funding bill proposed by the Republicans in 13 votes in the Senate. It is reported that the Senate will hold the 14th round of voting today (November 4) local time. The U.S. Congressional Budget Office recently stated that based on the duration of the federal government's “shutdown,” the annual growth rate of U.S. real GDP is expected to decline by one to two percentage points in the fourth quarter of this year. This means that if the “shutdown” lasts for 4 weeks, the U.S. economy will lose $7 billion; if it lasts for 6 weeks, the loss will rise to $11 billion; and if it lasts for 8 weeks, the loss could reach $14 billion. ( Jin10 )