Sign up for our daily briefing
Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Denver news in your inbox
Catch up on the most important stories affecting your hometown with Axios Denver
Des Moines news in your inbox
Catch up on the most important stories affecting your hometown with Axios Des Moines
Minneapolis-St. Paul news in your inbox
Catch up on the most important stories affecting your hometown with Axios Twin Cities
Tampa Bay news in your inbox
Catch up on the most important stories affecting your hometown with Axios Tampa Bay
Charlotte news in your inbox
Catch up on the most important stories affecting your hometown with Axios Charlotte
The more urgent brinkmanship in Washington is surrounding the government shutdown, which is now officially the longest ever, with no end in sight.
The big picture: If furloughed workers are not on the government payroll, then there's an extremely high chance that the record 99-month streak of positive payrolls growth will come to an end this month.
- A research note entitled "No Gain, More Pain" from S&P Global Ratings estimates that the shutdown will reduce U.S. GDP by $1.2 billion per week, with that number rising as the shutdown continues.
- Markets will increasingly be flying blind, as government data releases are canceled or delayed due to the shutdown. Timely, accurate statistics matter!
Be smart: Federal workers haven't started breaking out their yellow vests quite yet. But this shutdown stings much more than any gasoline tax did in France — and look where that ended up.
Go deeper: All the ways Americans are feeling the effects of the shutdown