96
<!–
*{box-sizing:border-box}body{margin:0;padding:0}a[x-apple-data-detectors]{color:inherit!important;text-decoration:inherit!important}#MessageViewBody a{color:inherit;text-decoration:none}p{line-height:inherit}.desktop_hide,.desktop_hide table{mso-hide:all;display:none;max-height:0;overflow:hidden}.image_block img+div{display:none}sub,sup{font-size:75%;line-height:0}#converted-body .list_block ol,#converted-body .list_block ul,.body [class~=x_list_block] ol,.body [class~=x_list_block] ul,u+.body .list_block ol,u+.body .list_block ul{padding-left:20px} @media (max-width:620px){.desktop_hide table.icons-outer{display:inline-table!important}.image_block div.fullWidth{max-width:100%!important}.mobile_hide{display:none}.row-content{width:100%!important}.stack .column{width:100%;display:block}.mobile_hide{min-height:0;max-height:0;max-width:0;overflow:hidden;font-size:0}.desktop_hide,.desktop_hide table{display:table!important;max-height:none!important}.reverse{display:table;width:100%}.reverse .column.first{display:table-footer-group!important}.reverse .column.last{display:table-header-group!important}.row-11 td.column.first .border,.row-7 td.column.first .border,.row-9 td.column.first .border{padding:5px 5px 15px 25px}.row-11 td.column.last .border,.row-13 td.column.last .border,.row-7 td.column.last .border,.row-9 td.column.last .border{padding:5px 20px 25px 5px}.row-13 td.column.first .border{padding:5px 5px 15px 25px;border-bottom:15px solid transparent}}
sup, sub { font-size: 100% !important; } sup { mso-text-raise:10% } sub { mso-text-raise:-10% }
Welcome to The Hill’s Business & Economy newsletter
{beacon}
Business & Economy
Business & Economy
<!–
The Big Story
Shutdown ties record as lawmakers struggle toward deal
The government shutdown, which stretched into its 35th day Tuesday, has tied the record for the longest in U.S. history. The current shutdown began Oct. 1, after Congress failed to strike a deal to fund the government.
© Illustration / Courtney Jones; and J. Scott Applewhite and Mariam Zuhaib, Associated Press
Since the shutdown started, thousands of federal workers have been furloughed while others are working without pay, flights have been delayed nationwide and many Americans have been left without food assistance.
The last shutdown that lasted this long occurred during President Trump’s first term, from Dec. 22, 2018, to Jan. 25, 2019, and stemmed from a dispute over funding for a border wall.
This time, the central issue in the shutdown fight has been healthcare. Democrats have urged Republicans to extend the Affordable Care Act subsidies, which are set to expire at the end of the year, and have not supported a Republican “clean” stopgap measure to reopen the government.
The Senate failed to advance the measure for the 14th time Tuesday, making it likely that the shutdown will surpass the record as it continues past Tuesday night.
Read more here.
Welcome to The Hill’s Business & Economy newsletter, I’m Sylvan Lane — covering the intersection of Wall Street and Pennsylvania Avenue.
Did someone forward you this newsletter? Subscribe here.
Essential Reads
Key business and economic news with implications this week and beyond:
Energy Department announces $625M for quantum research centers
The Department of Energy announced $625 million in funding Tuesday to renew five quantum research centers established under the first Trump administration.
Trump says he’s withholding SNAP benefits until shutdown ends
President Trump signaled Tuesday he would be withholding Supplemental Nutrition Assistance Program (SNAP) benefits until “Radical Left Democrats open up government,” as many states grapple with a lapse in federal funding.
USDA tells grocery stores: No special discounts for SNAP recipients
The U.S. Department of Agriculture (USDA) informed grocery stores they cannot offer discounts to Supplemental Nutrition Assistance Program (SNAP) recipients amid the government shutdown.
Companies hit the brakes on EVs, laying off thousands of workers
In recent weeks, automakers and other companies in the vehicle space are pulling back their investments in electric vehicles (EVs), including laying off workers in multiple states.
In Other News
Branch out with more stories from the day:
American Airlines announces cuts to management at its Texas headquarters
American Airlines said Tuesday it will cut a “small” number of management and support roles, mostly …
Good to Know
Business and economic news we’ve flagged from other outlets:
- Pizza Hut’s Parent Says Struggling Chain May Go Up for Sale (NYT)
- IBM cutting thousands of jobs in the fourth quarter (CNBC)
- Trump Negotiating With Ozempic Maker to Sell Some Weight-Loss Drugs for $149 (WSJ)
What People Think
Opinions related to business and economic issues submitted to The Hill:
- Europe means business
- Raising deposit insurance limits will leave taxpayers on the hook
You’re all caught up. See you tomorrow!
Check out The Hill’s Business page for the latest coverage.
Like this newsletter? Take a moment to view our other topical products here 📩
Privacy Policy | Manage Subscriptions | Unsubscribe
400 N Capitol Street NW Suite 650, Washington, DC 20001
Copyright © 1998 – 2025 Nexstar Media Inc. | All Rights Reserved.
If you believe this has been sent to you in error, please safely unsubscribe.
