How the government shutdown will impact jobs, Social Security and healthcare

By Gregory Korte and Adrienne Tong
Published 4 Min Read

Person walking through Washington DC
Bloomberg News

The U.S. government is shutting down, with agencies activating contingency plans that sideline hundreds of thousands of federal workers and halt a wide range of services. The Congressional Budget Office estimates that about 750,000 employees will be furloughed at a cost per day of $400 million in lost compensation. President Donald Trump has also threatened to use the shutdown to fire federal workers, but agency plans for the lapse in funding didn’t specify any measures for terminations.

Congress failed to approve new spending before the fiscal year begins Wednesday, triggering the first government shutdown since 2018-2019, when the impasse over Trump’s request for $5.7 billion in border wall funding sparked a shutdown that lasted a record 35 days. 

Gregory Korte and Adrienne Tong

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