{"id":248438,"date":"2025-10-24T11:37:13","date_gmt":"2025-10-24T11:37:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/248438\/"},"modified":"2025-10-24T11:37:13","modified_gmt":"2025-10-24T11:37:13","slug":"the-government-shutdowns-impact-is-spreading-through-the-economy","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/248438\/","title":{"rendered":"The government shutdown\u2019s impact is spreading through the economy"},"content":{"rendered":"<p class=\"paragraph-elevate inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmh3tlety0000356ni05gspy0@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            \u201cThe shutdown is stifling our ability to grow,\u201d said Grant Richardson, who founded a wine import company, Pangea Selections, in 2019.\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmh3tan7900013b6nb936os61@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            Richardson can\u2019t close on a six-figure Small Business Administration loan while the federal government is shut down, but the impasse hasn\u2019t given him a break on the roughly $20,000 in tariffs that he expects to fork over this month.\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmh3riv060002356n8ymcfl5p@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            The entrepreneur from Austin, Texas, is still waiting to receive roughly $10,000 in business tax credits for the quarter. And he can\u2019t seal a deal with a California winemaker to launch a new product line because the government is not approving new labels for bottles during the funding lapse.\n    <\/p>\n<p>       <img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/us\/wp-content\/uploads\/2025\/10\/grant-richardson2.jpg\" alt=\"Grant Richardson cannot close on a Small Business Administration loan for his wine import company because of the government shutdown.\" class=\"image_medium__dam-img image_medium__dam-img--loading\" onload=\"this.classList.remove('image_medium__dam-img--loading')\" onerror=\"imageLoadError(this)\" height=\"2667\" width=\"2000\" loading=\"lazy\"\/><\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmh2d1o9y00003b6n2novj60o@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            \u201cThe government is still taking money from us, but it\u2019s not paying out what it owes,\u201d he said, referring to the tax credits.\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmh3vjnzf000j356n5j72rzdb@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            The shutdown has frozen many of the government\u2019s key functions, such as lending and processing tax credits. And now without pay, hundreds of thousands of federal workers across the country have pulled back on spending, creating economic ripple effects.\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmh3o2xnh00043b6nwx1djwp3@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            From restaurants in Washington, DC, to businesses around national parks, the shutdown\u2019s impact is spreading through the US economy, with no relief in sight.\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmh2ee5t700113b6ngl6m4oo6@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            Sean Han, chef manager at Market to Market, a cafeteria at the Ronald Reagan Building in Washington, said foot traffic has declined about 20% to 30% since the government shutdown began \u2014 during a year that has already been tough because of mass federal layoffs.\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmh3jiw44001e3b6nzp3di91n@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            The business hasn\u2019t reduced employees\u2019 hours yet, he said, but that could happen \u2014 in addition to the possibility of layoffs \u2014 if the shutdown drags on for longer. With fewer customers, Han said he directed workers to focus on giving whoever comes in a better dining experience.\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmh3jiy0a001g3b6nwyw1qse8@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            \u201cWe\u2019ve been around for about 20 years, so we\u2019ve seen this before,\u201d Han said. \u201cBut it took us nine months to recover after the pandemic and we\u2019ll have to rebuild again once this ends.\u201d\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmh3s0yog00043b6nwlocnjva@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            Restaurant reservations in Washington were down 9% last week compared to the same week a year earlier, according to data from OpenTable.\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmh3rxf7600003b6nvgbjawhu@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            In North Carolina, Pam Anderson is caring for only a handful of dogs at her Ocean Sands K-9 Resort in Kill Devil Hills.\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmh3tnj94000c3b6n7h33a8o1@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            Some of her local clients have been calling off or shortening their vacations because the impasse has affected the national parks, or they are federal employees who are not being paid. At the same time, she is not getting any bookings from tourists, which she suspects is because the popular Wright Brothers National Memorial has shuttered.\n    <\/p>\n<p>       <img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/us\/wp-content\/uploads\/2025\/10\/pamela-anderson1.jpg\" alt=\"Pam Anderson is caring for fewer dogs at Ocean Sands K-9 Resort in North Carolina because some local residents and tourists are canceling their vacations due to the government shutdown.\" class=\"image_medium__dam-img image_medium__dam-img--loading\" onload=\"this.classList.remove('image_medium__dam-img--loading')\" onerror=\"imageLoadError(this)\" height=\"2667\" width=\"2000\" loading=\"lazy\"\/><\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmh3s19820005356nfahrdaea@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            Just this week, a local family who planned to leave their two dogs with her for a few days in mid-November pulled out, which will cost her $500 in lost revenue. The couple works for the federal government.\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmh3s19830006356no8g166lv@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            Although the kennel had a \u201crocking September,\u201d reservations are down 40% for October and 60% for November so far compared to last year, leading Anderson and her husband to tighten their belts. They have stopped going out to dinner a few times a week and are holding off on their charitable giving.\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmh3rik230000356n2gbti408@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            \u201cI told my husband the other day, \u2018Don\u2019t spend any money\u2019,\u201d said Anderson, 70, who is thinking of getting a night job.\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmh2dfy5w000i3b6nwz4ba4ki@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            Last March, restauranteur Fran Bolden opened a cafeteria at the Redstone Arsenal, a US Army base near Huntsville, Alabama. It was a profitable side venture for Bolden in a town whose <a href=\"https:\/\/www.bls.gov\/regions\/southeast\/summary\/blssummary_huntsville.pdf\" target=\"_blank\" rel=\"nofollow noopener\">economic lifeline<\/a> is the military, defense and aerospace industries.\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmh3txv3a00013b6n7dw8sw73@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            But that restaurant, Arsenal Eats, is now shuttered until the government reopens. Bolden said they usually expect around 150 people a day for breakfast and lunch; the past two weeks saw only between 25 to 30.\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmh3txv3a00023b6nk9npbb81@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            \u201cThe volume is just not there,\u201d she said.\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmh3txv3a00033b6n6cy0p1pv@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            Businesses all over downtown Huntsville and beyond are feeling the pinch, she said, and small businesses bear a big brunt of the burden.\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmh3txv3a00043b6nz2lr5chn@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            \u201cThe local economy is in a military city. With people not out, not spending money, not sure what to do \u2013 we rely on the business of these people in order to be able to sustain ourselves,\u201d Bolden said.\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmh3umsm800053b6ngliquzi9@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            For the past two years, toddlers at Bernard Jackson\u2019s swim and wellness center in Washington, DC, have learned to float for the first time, and seniors in their eighties have practiced gentle exercises to stay strong.\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmh3uzyk2000i3b6nla9qzsxn@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            But the shutdown has taken a heavy toll. With fewer families able to afford lessons and operating costs on the rise, Jackson has had to make difficult choices just to keep his doors open. Many of his clients are federal employees directly affected by the lapse in pay.\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmh3tp6n5000f3b6n1k32frnt@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            \u201cSince people are not getting paid, they aren\u2019t coming to their lessons,\u201d Jackson told CNN as he was leaving an unemployment center.\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmh3v06iq000l3b6nv7tcud7a@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            \u201cI can tell you at least 40% of my revenue has gone down.\u201d\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmh3v0nts000o3b6nwj0mws1k@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            Even as attendance drops, Jackson is finding ways to support his clients. He continues to send instructions and exercises for them to practice at home.\n    <\/p>\n<p class=\"paragraph-elevate inline-placeholder vossi-paragraph\" data-uri=\"cms.cnn.com\/_components\/paragraph\/instances\/cmh3v0txe000r3b6nfazk4jho@published\" data-editable=\"text\" data-component-name=\"paragraph\" data-article-gutter=\"true\">\n            \u201cThe pool is still open,\u201d he said.\n    <\/p>\n","protected":false},"excerpt":{"rendered":"\u201cThe shutdown is stifling our ability to grow,\u201d said Grant Richardson, who founded a wine import company, Pangea&hellip;\n","protected":false},"author":2,"featured_media":248439,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[28,101],"class_list":["post-248438","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/248438","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=248438"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/248438\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/248439"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=248438"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=248438"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=248438"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}