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Key Takeaways
- President Donald Trump signed a bill funding the government through Feb. 13, ending a shutdown that began Saturday.
- The shutdown delayed the release of a key report on the job market that was expected Friday.
The latest government shutdown is over after less than two business days.
President Donald Trump signed a bill Tuesday funding most government agencies until Feb. 13, ending a partial shutdown that began Saturday. Lawmakers will use the 10-day reprieve to debate new restrictions on immigration enforcement.
The government shut down over the weekend after Democrats refused to fund the Department of Homeland Security after a fatal shooting in Minneapolis by federal agents during protests over immigration enforcement efforts.
What This Means For The Economy
The economy has avoided for the time being another long shutdown, which could have damaged economic growth by delaying paychecks for federal workers and shutting down government services.
Although the shutdown was brief compared to the one in October and November that lasted a record 43 days, it still managed to cause some economic disruption by delaying a highly anticipated report on the labor market that was scheduled for Friday.
And while the government is open now, there’s no guarantee it will stay that way next week when the new deadline expires. The measure passed the House of Representatives in a narrow 217-214 vote on Tuesday, indicating how divided lawmakers are over the immigration enforcement issue, keeping the risk of another disruption alive.
