At 19 days in length as of Wednesday, the current partial government shutdown has become one for the record books.
It ranks as the second-longest shutdown in more than 40 years, topped only by a 21-day closure during the Clinton administration that began in December 1995.
The current shutdown has topped one during the Carter era that lasted 17 days and began in September 1978, and it has exceeded one during the Obama presidency that lasted 16 days and began in September 2013.
Analysts have noted the impact of the current shutdown is somewhat limited, because it’s only affecting agencies that represent about 25% of total government spending.
The ongoing shutdown has been sparked by a dispute over money for President Donald Trump’s proposed wall at the southern border. In a televised speech from the Oval Office on Tuesday night, Trump urged congressional Democrats to fund his long-promised wall, while Democrats in response accused him of appealing to “fear, not facts” and manufacturing a border crisis for political gain.
Shutdown-related worries have contributed in sending the stock market
sharply lower in recent weeks. The Dow
has rallied about 2% so far in January, but it is still showing a loss of 2% over the past 30 days.
This report was first published on Jan. 3, 2019.