Economy

U.S. Citizenship and Immigration Services is largely funded by fees it charges applicants most operations would typically continue during shutdown

Last summer Congress drastically expanded operating budget as part of sweeping domestic policy bill with extra $75 billion resources it can use to ride out lapse in funding

Staffing shortages caused screening delays at Houston's two airports during later weeks of shutdown after employees missed multiple paychecks

FEMA's disaster relief fund has enough money to carry out current and anticipated emergency response activities

Announcement arrived on short notice giving airlines days to cancel flights rebook customers redirect flight crews

Uncertainty associated with such events is not promoting air travel

Average tariff rate on U.S. imports rose to 13 percent from 2.6 percent spiking in April and May

Smaller profit margins meant they couldn't swallow additional expenses for long

U.S. imports from Mexico and Vietnam increased to make up difference

Many smaller businesses did not have clout to arrange deals with foreign suppliers

Tariffs have been bigger drag for smaller businesses

They believed foreign companies would reduce prices to maintain access to U.S. market

Size helped them negotiate discounts with suppliers offsetting tariff cost

In first eight months of 2025 94 percent tariff incidence was borne by United States

China's share of U.S. imports fell further last year

Importer can pass cost on by raising prices or negotiating favorable contracts

Importer of record often American company is first responsible for paying tariff to U.S. government

Research from New York Fed confirms U.S. companies and consumers bear tariff costs despite president's assertions

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