The Massachusetts senator's alarm-sounding on consumer debt neglects to measure it against the growth in the economy and the ability to pay.Economyread more
Equifax will give consumers a range of options for monitoring their credit or making claims of fraud or data misuse, part of a $425 million restitution fund.Technologyread more
Secretary of Education Betsy DeVos and her family have seen their investments skyrocket since President Donald Trump started enacting pro-business policies. Meanwhile, DeVos...Politicsread more
The construction industry is heavily dependent on Hispanic and Latino workers, a workforce that diminished during the last housing crisis and has not come close to full...Real Estateread more
A group of gold miners stocks, "BAANG," are better plays than mega-cap FAANG names, according to John Roque, technical analyst at Wolfe Research.Marketsread more
T-Mobile is choosing to move ahead with a merger with Sprint even though it will prop up Dish Network as a new, possibly disruptive fourth U.S. wireless competitor.Technologyread more
Danger is lurking in the stock market: An abrupt sell-off could be around the corner if the Federal Reserve doesn't deliver the rate cut the market expects next week, the firm...Marketsread more
Shares of Beyond Meat jumped 12% Monday afternoon, nearing its all-time high, on investor optimism ahead of its earnings.Food & Beverageread more
Carl Icahn thinks Occidental Petroleum's CEO got played by the Oracle of Omaha himself in the company's effort to buy Anadarko Petroleum.Investingread more
The U.S. Food and Drug Administration has approved the first generic copies of a popular, pricey pill for nerve pain. The agency on Monday said it approved nine generic...Biotech and Pharmaceuticalsread more
Starbucks is licensing its mobile and loyalty program technology in a deal that will give global franchisees the chance to offer the Starbucks mobile app to customers.Restaurantsread more
A partial government shutdown began early Saturday after President Donald Trump dug in his heels on his demand to fund a border wall.
Congress had until midnight Friday to either pass spending bills for seven federal agencies, or approve a stopgap spending measure that would push off a potential shutdown. After those efforts failed, the closure will affect hundreds of thousands of Americans' jobs through the holidays.
The Office of Management and Budget started notifying federal agencies Thursday that they should prepare for a shutdown. Yet since lawmakers have already funded large portions of the government through the 2019 fiscal year, the current crisis would only shut down parts of the government. The unfunded agencies make up about a quarter of the government.
This is what was expected to happen during the shutdown, as of Friday:
More than 420,000 federal employees across numerous agencies will continue to work even as the government shuts down. They just won't get paid for it immediately.
Democrats on the Senate Appropriations Committee said that number will include more than 41,000 federal law enforcement and correctional officers from the FBI, the Drug Enforcement Agency, the Bureau of Alcohol, Tobacco, Firearms and Explosives, and thousands of other law enforcement and correctional officers.
The vast majority of Department of Homeland Security employees will also work without a regular paycheck. The nearly 90 percent of workers in the agency affected by a shutdown would include 53,000 Transportation Security Administration employees, as well as 42,000 Coast Guard employees.
As many as 54,000 employees from Customs and Border Protection — the agents who are currently working to secure the southern U.S. border — were also projected to work without paychecks. By forcing a shutdown over border security, Trump was expected to cause the agents he often lauds for their efforts to stop illegal immigration to temporarily go without compensation.
Up to 5,000 Forest Service firefighters and 3,600 National Weather Service forecasters will also keep working without paychecks, according to Senate Democrats.
The special counsel's office, which is investigating potential criminal connections between the Trump campaign and the Kremlin, will continue operating.
Another 380,000 federal workers or more could be placed on temporary leave without receiving pay in the event of a government shutdown, according to the Democrats.
Furloughs will affect vast swathes of Department of Commerce and NASA staff. About 41,000 people, or 86 percent, could be furloughed from the Commerce Department, along with a staggering 96 percent of NASA employees.
Four-fifths of the Forest and National Park Services, totaling more than 44,000 employees, could be sidelined, as could approximately 52,000 staff from the IRS, and about 7,100 Housing and Urban Development workers — 95 percent of the total.
Thirty percent of Transportation Department employees, equaling about 18,300, could be furloughed, as well.
All of that lost work could cost taxpayers huge amounts of money. An Office of Management and Budget review of a 2013 government shutdown during the Obama administration concluded that the cost of "the lost productivity of furloughed workers" alone was $2 billion. The cost may not go that high this time, with five agencies still up and running.
That shutdown was one of the longest in U.S. history. The failure to fund the government by midnight Friday could create a closure that lasts into the new year, when Democrats take majority control of the House.
Trump himself said in a tweet Friday morning that "if the Dems vote no, there will be a shutdown that will last for a very long time."
Nine federal departments will be shuttered as the government shuts down this weekend. They are:
"Dozens" of U.S. agencies will also close down during the shutdown, according to the report from the Senate Democrats. Those closures could lead non-federal employees to feel the impact of the shutdown, as well.
For instance, with thousands of their employees furloughed, national parks are likely to close. In the previous shutdown in January, about one-third of the country's national parks were closed — even following an agency directive to keep parks open.
U.S. housing authorities are also expected to see significant delays in loan processing and approvals.
Other institutions have announced preparations for a partial shutdown. The Smithsonian said it will be able to use existing funds to keep its 19 museums and national zoo open to the public through Jan. 1.
The Securities and Exchange Commission said on its website Friday morning that it also "will remain open for a limited number of days, fully staffed and focused on the agency's mission" if the government shuts down.
A spokesman for the U.S. Trade Representative said it "would be an agency affected by a lapse in appropriations."
"Essential personnel will be on-duty to ensure USTR continues to conduct all necessary operations, including trade negotiations and enforcement," the spokesman added.