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WSJ What’s News

What Happens in a Government Shutdown

WSJ What’s News

The Wall Street Journal

Daily News, News

4.14.2K Ratings

🗓️ 29 September 2023

⏱️ 14 minutes

🧾️ Download transcript

Summary

P.M. Edition for Sept. 29. Lawmakers face a Sunday deadline to avert a government shutdown. Economic policy reporter Andrew Duehren discusses what to expect. All three major U.S. stock indexes end the quarter with losses. Markets reporter Karen Langley explains. The United Auto Workers union expands its strike, and autos reporter Nora Eckert has the details. Plus, six months after WSJ reporter Evan Gershkovich was detained in Russia, we revisit our interview with Washington Post writer Jason Rezaian, who was detained in Iran. Annmarie Fertoli hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Get a better grip on the markets.

0:02.7

WSJ's Take on the Week is here to give you a look ahead to the most important events

0:07.8

on the economic and business calendar and what they mean for your money and investments.

0:13.1

Subscribe wherever you listen to podcasts.

0:30.1

You can avoid a shutdown, even if a shutdown occurs that it would be ended particularly quickly.

0:34.4

Plus, Senator Diane Feinstein dies at the age of 90, and the United Auto Workers Union expands its strike.

0:41.7

It's Friday, September 29th.

0:43.6

I'm Amary Fertoli for the Wall Street Journal.

0:45.8

This is the PM edition of What's News, the top headlines and business stories that moved the world today.

0:51.2

Diane Feinstein, the longest serving woman senator in U.S. history, has died at age 90.

1:04.5

Feinstein was the first female mayor of San Francisco.

1:07.7

She was elected to the Senate in 1992 and represented the state for more than three decades.

1:13.2

In that time, she spearheaded a ban on assault-style weapons and investigated the CIA's use of torture

1:18.9

after the 2001 terrorist attacks.

1:21.5

Feinstein's death leaves Democrats with a narrower 50-49 majority in the Senate.

1:26.4

California's Democratic governor Gavin Newsom will name her interim successor.

1:31.2

Meanwhile, in Washington, House lawmakers have rejected Speaker Kevin McCarthy's bid to avert a government shutdown

1:37.8

with some GOP lawmakers joining all Democrats in voting against it.

1:41.8

Even if it had cleared the Republican-led House, the measure was designed to unite the GOP

1:46.4

and had virtually no chance of clearing the Senate where Democrats hold a slim majority.

1:51.0

Congress is nearing the deadline to reach a spending deal, or come October 1st, that Sunday,

1:56.5

the federal government will shut down.

...

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