Transcript
Experian Narrator (0:00)
It's okay not to be perfect with finances. Experian is your big financial friend and here to help. Did you know you can get matched with credit cards on the app? Some cards are labeled no Ding decline, which means if you're not approved, they won't hurt your credit scores. Download the Experian app for free today. Applying for no Ding decline cards won't hurt your credit scores. If you aren't initially approved. Initial approval will result in a hard inquiry which may impact your credit scores.
Tracy Mumford (0:28)
Experian from the New York Times, it's the headlines. I'm Tracy Mumford. Today's Wednesday, October 1st. Here's what we're covering.
Republican Lawmaker (0:44)
Well, Mr. President, looks like we're going to have a shutdown.
Tracy Mumford (0:51)
At 12:01am the US government shut down after the Senate deadlocked over spending.
Pete Hegseth (0:58)
Democrats, as we know, are pushing us towards a government shutdown. Four million people are about to lose coverage and our Republican colleagues want to do nothing about it.
Tracy Mumford (1:07)
Lawmakers spent the last hours before the deadline in back to back votes.
Republican Lawmaker (1:11)
We only have 53 Republicans.
Tracy Mumford (1:14)
Each party put forward their own measure to keep funding flowing.
Republican Lawmaker (1:17)
We need seven Democrats to join with.
Tracy Mumford (1:20)
Us, and each party blocked the others. Democrats say they're holding out for a deal that will extend health care subsidies that are about to expire. Without that, 4 million people are projected to lose coverage starting next year and insurance costs will go up for another 20 million. Republicans have accused the Democrats of holding government funding hostage. With no resolution in sight, the US has now entered its first federal shutdown since 2019. Back then, parts of the government closed for just over a month in a dispute between Democrats and President Trump over his demands to fund a border wall.
Republican Lawmaker (2:02)
So when you shut it down, you have to do layoffs. So we'd be laying off a lot of people that are going to be very affected. And the Democrats, they're going to be Democrats.
