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Marketplace All-in-One

On the brink of a shutdown, markets don't care

Marketplace All-in-One

Marketplace

News, Business

4.51.4K Ratings

🗓️ 29 September 2025

⏱️ 7 minutes

🧾️ Download transcript

Summary

President Trump and congressional leaders are meeting at the White House on Monday to try and avoid a government shutdown. But both sides are digging their heels in. This brinksmanship is happening the same week we are set to get some pretty important government data. Julia Coronado, founder and president of MacroPolicy Perspectives, and a professor at the University of Texas-Austin, joins us to talk about it. Plus, has Canada lost its trade dispute with the U.S.?

Transcript

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0:00.0

On the brink of a shutdown, markets don't care a whole lot from Marketplace. I'm Sabri Benishore in for David Bruncaccio.

0:08.8

President Trump and congressional leaders are meeting today at the White House to try and avoid a government shutdown.

0:13.8

Both sides are digging in their heels, though. This brinksmanship is happening the same week.

0:18.3

We are set to get some pretty important government data.

0:22.0

Julia Cornado is founder and president of macro policy perspectives and a professor at the

0:26.0

University of Texas. Austin, she joins us to talk about it. Hey, Julia. Good morning.

0:30.9

So, you know, the government may be on the brink of a shutdown market seem to not care at all. Is a shutdown all that important when it comes to

0:42.3

the U.S. economy? Well, we've been here so many times before the presumption is, A, that it won't

0:49.5

happen, there will be an 11th hour deal, and then if it does happen, it would be short-lived. So, yeah,

0:56.8

markets are pretty much completely ignoring the risk of a government shutdown.

1:01.5

Now, normally this week, we would get some pretty important economic data. The jobs report,

1:09.2

the number of people filing for unemployment,

1:11.8

could a government shutdown prevent the government from releasing those numbers, and does that matter?

1:18.3

We've had one government shutdown where the jobs report was delayed, and we've had one where they

1:24.0

went ahead and released it anyway, even though the Bureau of Labor Statistics

1:29.0

was not considered essential. So it's really up to the judgment and the discretion of the

1:34.5

agency, and we haven't had the usual planning documents released as to what each agency

1:42.6

will do in the event of a government shutdown. So if it happens,

1:47.7

we may not see the data on Friday that is scheduled to be released. But, you know, this is not

1:54.5

just like any old jobs report. I mean, this is coming at kind of a pivotal time, a sensitive time.

2:00.7

Why is that? Well, we've had a series of

2:03.3

weak job reports, and yet recently we've had some decent growth data, decent consumer spending

...

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