Why Are 21 Billionaires Moving Their Money ASAP?

One of the biggest stock market events in 25 years is rapidly unfolding... The economist who predicted the 2008 Financial Crisis says it will be: "The Biggest Crash of Our Lifetime." Starting November 19 it could cut the entire tech marketing by HALF.

Government shutdown could be the longest ever, Speaker Johnson warns

LISA MASCARO
October 13, 2025

WASHINGTON (AP) -- Republican Speaker Mike Johnson predicted Monday the federal government shutdown may become the longest in history, saying he "won't negotiate" with Democrats until they hit pause on their health care demands and reopen.

Standing alone at the Capitol on the 13th day of the shutdown, the speaker said he was unaware of the details of the thousands of federal workers being fired by the Trump administration. It's a highly unusual mass layoff widely seen as way to seize on the shutdown to reduce the scope of government. Vice President JD Vance has warned of "painful" cuts ahead, even as employee unions sue.

"We're barreling toward one of the longest shutdowns in American history," Johnson of Louisiana said.

With no endgame in sight, the shutdown is expected to roll on for the unforeseeable future. The closure has halted routine government operations, shuttered Smithsonian museums and other landmark cultural institutions and left airports scrambling with flight disruptions, all injecting more uncertainty into an already precarious economy.

The House is out of legislative session, with Johnson refusing to recall lawmakers back to Washington, while the Senate, closed Monday for the federal holiday, will return to work Tuesday. But senators are stuck in a cul-de-sac of failed votes as Democrats refuse to relent on their health care demands.

Johnson thanked President Donald Trump for ensuring military personnel are paid this week, which removed one main pressure point that may have pushed the parties to the negotiating table.

At its core, the shutdown is a debate over health care policy -- and particularly the Affordable Care Act subsidies that are expiring for millions of Americans who rely on government aid to purchase their own health insurance policies on the Obamacare exchanges. Democrats demand the subsidies be extended, Republicans argue the issue can be dealt with later.

With Congress and the White House stalemated, some are eyeing the end of the month as the next potential deadline to reopen government.

That's when open enrollment begins, Nov. 1, for the health program at issue, and Americans will face the prospect of skyrocketing insurance premiums. The Kaiser Family Foundation has estimated that monthly costs would double if Congress fails to renew the subsidy payments that expire Dec. 31.

It's also when government workers on monthly pay schedules, including thousands of House aides, will go without paychecks.

The health care debate has dogged Congress ever since the Affordable Care Act became law under then-President Barak Obama in 2010.

The country went through a 16-day government shutdown during the Obama presidency when Republicans tried to repeal the Affordable Care Act 2013.

Trump tried to "repeal and replace" the law, commonly known as Obamacare, during his first term, in 2017, with a Republican majority in the House and Senate. That effort failed when then-Sen. John McCain memorably voted a thumbs down on the plan.

With 24 million now enrolled in Obamacare, a record, Johnson said Monday that Republicans are unlikely to go that route again, noting he still has "PTSD" from that botched moment.

"Can we completely repeal and replace Obamacare? Many of us are skeptical about that now because the roots are so deep," Johnson said.

The Republican speaker insists his party has been willing to discuss the health care issue with Democrats this fall, before the subsidies expire at the end of the year. But first, he said, Democrats have to agree to reopen the government.

The longest shutdown, during Trump's first term over his demands for funds to build the U.S.-Mexico border wall, ended in 2019 after 35 days.

Meanwhile, the Trump administration is exercising vast leeway both to fire workers -- drawing complaints from fellow Republicans and lawsuits from employee unions -- and to determine who is paid.

That means not only military troops but other Trump administration priorities don't necessarily have to go without pay, thanks to the various other funding sources as well as the billions made available in what's commonly called Trump's One Big Beautiful Bill Act that's now law.

The Pentagon said over the weekend it was able to tap $8 billion in unused research and development funds to pay the military personnel. They had risked missed paychecks on Wednesday. But the Education Department is among those being hard hit, disrupting special education, after-school programs and others.

"The Administration also could decide to use mandatory funding provided in the 2025 reconciliation act or other sources of mandatory funding to continue activities financed by those direct appropriations at various agencies," according to the nonpartisan Congressional Budget Office.

The CBO had cited the Department of Defense, the Department of the Treasury, the Department of Homeland Security, and the Office of Management and Budget as among those that received specific funds under the law.

"Some of the funds in DoD's direct appropriation under the 2025 reconciliation act could be used to pay active-duty personnel during a shutdown, thus reducing the number of excepted workers who would receive delayed compensation," CBO wrote in a letter responding to questions raised by Sen. Joni Ernst, R-Iowa.

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