Deena Zaidi

Data and Financial Journalist

Table showing government shutdowns under US presidents since 1976. Since 1976, the U.S. had 21 funding gaps under seven different presidencies, resulting in shutdowns. The 2018–19 shutdown ran 34 days, the longest in U.S. history.

List: U.S. Government Shutdowns Since 1976

Posted on Author Deena ZaidiPosted in Graphs, Inflation, World Economy, World economy

This story will be updated periodically.

The federal government shutdown began at 12:01 a.m. Wednesday after the two parties, Democrats and Republicans, failed to reach a deal on a short-term spending plan.

Who’s impacted?

Definitely not the markets. On the contrary, S&P 500 rose to new records. Price of gold hit a record,

  • But for Federal workers, a shutdown can be impactful since temporarily some government services are halted, putting salaries of government employees on hold.
  • Around 750,000 federal employees could be furloughed at a cost of $400 million per day in lost wages.
  • During this shutdown, about a quarter of Federal Aviation Administration (FAA) staff are furloughed, mostly support roles; more than 13,000 air traffic controllers are still working without pay.
  • Office of Management and Budget Director Russ Vought told House Republicans that the government would begin firing federal employees within “one to two” days. (Source: NBC)

But