Why This Government Shutdown Is Different

The federal government shuts down when lawmakers in Congress cannot agree on a budget. This has occurred at least 20 times over the past 50 years according to the investment team at Truist. The historical record suggests that there will be minimal impact on markets or the broader economy, barring a prolonged shutdown. But this time could leave a mark on thousands of federal workers who may be permanently fired if a shutdown were to occur. Chapters: 00:00 Introduction 00:53 Chapter 1: Shutdowns 02:39 Chapter 2: Furloughs or firings? 04:56 Chapter 3: Markets Produced and edited by Carlos Waters Additional Reporting by Emily Wilkins Senior Director of Video Lindsey Jacobson Additional Footage Getty Images Additional Sources: Committee for a Responsible Federal Budget, Partnership for Public Service, U.S. Treasury Department, USA Facts » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Watch CNBC on the go with CNBC+: https://www.cnbc.com/WatchCNBCPlus About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Want to be your own boss? Sign up for Smarter by CNBC Make It's new online course, How To Start A Business: For First-Time Founders. Find step-by-step guidance for launching your first business, from testing your idea to growing your revenue. Sign up today with coupon code EARLYBIRD for an introductory discount of 30% off the regular course price of $127 (plus tax). Offer valid September 16 through September 30, 2025: https://cnb.cx/4gEgnhO Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC on Threads: https://cnb.cx/threads Follow CNBC News on X: https://cnb.cx/FollowCNBC Follow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC #CNBC Why This Government Shutdown Is Different