Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Political Stalemate on Healthcare Funding Triggers Nationwide Emergency

Political Stalemate on Healthcare Funding Triggers Nationwide Emergency

Bitget-RWA2025/11/05 05:28
By:Bitget-RWA

- U.S. government shutdown hits 36 days, nearing 1995-96 record, as Congress deadlocks over healthcare funding and political concessions. - Economic impact grows: CBO warns of 1-2% GDP loss, $7B-$14B in irrecoverable costs, and 0.4% unemployment rise from prolonged closure. - Political tensions escalate: Senate Democrats block GOP funding bills, while Trump threatens to withhold SNAP benefits until government reopens. - Human crisis deepens: Food banks report surging demand, military families face food ins

On November 5, 2025, the U.S. government shutdown reached its 36th day, on track to break the previous 35-day record from the 2018-2019 impasse. Congressional gridlock over healthcare funding and partisan demands has deepened the economic and social impacts of the extended closure. Federal employees remain on furlough, agencies are running with minimal staff, and millions of Americans are left uncertain about essential services such as food aid and healthcare support, according to a

.

The Congressional Budget Office (CBO) has cautioned that the shutdown may slash GDP growth in the fourth quarter by 1 to 2 percentage points, with unrecoverable economic damages ranging from $7 billion to $14 billion, depending on how long it lasts, as stated in a

. The U.S. Chamber of Commerce also noted that contractors are losing $3 billion in revenue each week, and the CBO projected that the shutdown could raise the unemployment rate by 0.4 percentage points in October alone, according to a . These statistics highlight a broader decline in consumer spending, especially in areas that depend on federal workers and military families.

Political Stalemate on Healthcare Funding Triggers Nationwide Emergency image 0

The political stalemate persists with no breakthrough in sight. On November 4, Senate Democrats rejected a 14th funding proposal from Republicans, citing the need for extended healthcare subsidies and protections against Medicaid cuts from the Trump era. President Donald Trump has intensified the standoff, threatening to withhold Supplemental Nutrition Assistance Program (SNAP) benefits unless Democrats agree to reopen the government, as reported by

. His position has faced strong opposition, with Senate Minority Leader Chuck Schumer accusing Republicans of stripping healthcare from working families.

The effects on people are already evident. Food banks across the country are seeing increased demand, with long lines at distribution sites in states like Texas and California. In response, the Houston Food Bank has turned a stadium parking lot into a large-scale distribution center, while the Agriculture Department is under a court order to release $4.6 billion in emergency funds for partial SNAP payments, according to the

. Military households are especially at risk, with a quarter of active-duty service members already experiencing food insecurity before the shutdown began. Financial institutions such as Armed Forces Bank have introduced zero-interest loans to help, but without a resolution, many remain in a precarious situation, as noted by the .

PriceSmart Inc., a retailer active in Latin America and the Caribbean, announced strong sales growth during its recent earnings call, demonstrating resilience in certain sectors. However, CEO David Price pointed out that the region remains vulnerable, especially to possible disruptions in U.S. remittance flows, which are a vital source of income for many communities, as highlighted in a

.

As the shutdown continues, bipartisan talks remain tense. Some legislators are cautiously hopeful, but the lack of direct involvement from Trump and Republican leadership has stalled any real progress. With Thanksgiving approaching and the CBO warning of a $39 billion GDP loss if the shutdown lasts eight weeks, the urgency for a solution is growing. Still, with both sides refusing to compromise on major issues, the nation faces the risk of a crisis with significant economic and social fallout.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Interoperability Becomes a Key Strategic Benefit as Tokenization Evolves

- Tokenization's growth depends on interoperability, enabling seamless cross-chain interactions for institutional and onchain asset scaling. - Chainlink's Runtime Environment (RTE) lets institutions tokenize real-world assets across EVM chains while maintaining compliance and data security. - Bitget integrates Morph Chain to allow direct USDT trading of Layer 2 assets, bridging CeDeFi and enhancing cross-chain liquidity for users. - These advancements highlight interoperability as a strategic advantage, en

Bitget-RWA2025/11/05 09:30
Interoperability Becomes a Key Strategic Benefit as Tokenization Evolves

Bitcoin News Update: U.S. Government Shutdown Wipes Out $700 Billion from Markets, Forcing Bitcoin Under $100K Amid Tightening Liquidity

- U.S. government shutdown drains $700B from markets via TGA, pushing Bitcoin below $100K amid liquidity contraction. - Corporate reports show mixed liquidity strains: 3D Systems reports $75.8M cash decline, Chord Energy spends $336M on Q3 capex. - Analysts cite "perfect storm" of macroeconomic crisis and exhausted crypto bull cycle, with 1M+ Bitcoin sold by long-term holders since June. - Markets face fragile balance: oversold conditions and seasonal Bitcoin strength contrast with political gridlock and m

Bitget-RWA2025/11/05 09:30
Bitcoin News Update: U.S. Government Shutdown Wipes Out $700 Billion from Markets, Forcing Bitcoin Under $100K Amid Tightening Liquidity

U.S. and South Korea Broaden Agreement to Address China Amid Ongoing North Korean Threat

- U.S. Defense Secretary Hegseth highlights expanded military roles for troops in South Korea, including potential China-related operations, while prioritizing North Korea deterrence. - South Korea boosts defense spending by 8.2% to $46B and triples AI investment to $7B, advancing its goal to assume wartime command of joint forces by 2030. - U.S. approves South Korea's nuclear submarine project with Trump's endorsement, though fuel sourcing and construction location remain unresolved. - North Korea escalat

Bitget-RWA2025/11/05 09:30
U.S. and South Korea Broaden Agreement to Address China Amid Ongoing North Korean Threat

Can Noomez’s Clear Tokenomics Set a New Standard for the 2025 Bull Market?

- Noomez's $NNZ token emerges as a 2025 bull run contender with a 28-stage presale featuring deflationary burns and liquidity locks. - The structured model includes escalating prices (280x potential), Vault events with token burns, and 15% permanent liquidity locks. - Transparency tools like the Noom Gauge dashboard and KYC-compliant vesting aim to build trust amid meme coin volatility concerns. - Staking incentives (up to 66% APY) and a 10% referral bonus drive community participation while capping supply

Bitget-RWA2025/11/05 09:30
Can Noomez’s Clear Tokenomics Set a New Standard for the 2025 Bull Market?