The longest authorities shutdown in American historical past got here to an finish this previous week, with the 43-day occasion disrupting meals help payouts, journey and extra items of the financial system.
Whereas some Individuals confronted hardship in the course of the shutdown and multiple million Federal staff acquired no pay, members of Congress collected their full weekly pay. This is a have a look at how a lot the members made throughout the federal government shutdown.
Congress Will get Paid
The 100 members of the U.S. Senate and 435 members of the Home of Representatives every acquired their pay throughout the federal government shutdown, as protected by the U.S. Structure.
With annual salaries of $174,000, base members of Congress are paid round $476.71 per day. Which means that most members of Congress collected $20,498.53 in the course of the 43-day authorities shutdown.
Speaker of the Home Mike Johnson (R-La.) has an annual wage of $223,500, translating to a every day price of $612.33. This implies Johnson received paid $26,330 throughout the federal government shutdown.
In response to a report from the New York Publish, some members of Congress didn’t take wage in the course of the shutdown.
The workplace of Senate Minority Chief Chuck Schumer (D-N.Y.) instructed the Publish that he didn’t take a wage throughout the federal government shutdown. A complete of round 55 Senators did not acquire their paychecks in response to the report.
Different members like Sen. Lindsey Graham (R-S.C.) have stated they’d donate their test quantities in the course of the shutdown to charity.
Did You Know?
Republicans Get Blame
A latest Morning Seek the advice of ballot confirmed President Donald Trump’s approval ranking falling throughout the federal government shutdown, going from 46% earlier than to 44% throughout. Trump’s disapproval ranking rose from 52% earlier than the shutdown to 54% throughout.
The ballot discovered that 63% of voters stated that they had seen, learn, or heard “quite a bit” in regards to the authorities shutdown, making it the highest story for a number of weeks. Different gadgets that have been prime of thoughts for voters included flight cancellations and SNAP funding, each of which have been additionally affected by the federal government shutdown.
Trump’s falling approval ranking was not the one poor outcome for the Republican Social gathering within the Morning Seek the advice of ballot.
The most recent ballot confirmed that 46% of voters imagine the Republicans are at fault for the federal government shutdown, greater than the 38% who blame the Democratic Social gathering.
The favorability scores mirror the perceived blame within the ballot.
Congressional Democrats have a forty five% approval and 47% disapproval ranking, in comparison with 44% approval and 46% disapproval earlier than the federal government shutdown.
Congressional Republicans have a 40% approval and 52% disapproval ranking, in comparison with 41% approval and 49% disapproval earlier than the federal government shutdown.
Within the ballot, voters favored the Democratic Social gathering to win the 2026 midterms at a 48% to 43% margin. Earlier than the federal government shutdown, voters favored the Democrats 45% to 41%.
Market Shaken After Shutdown Ends
The SPDR S&P 500 ETF Belief (NYSE:SPY), which tracks the S&P 500, closed decrease after the shutdown ended.
The ETF closed Wednesday at $683.38 and fell to $671.93 at shut on Friday, dropping round 1.7% within the two buying and selling days after the market reopened.
The final authorities shutdown was adopted by a lift for the inventory market.
The SPDR S&P 500 ETF Belief closed at $240.70 on Dec. 21, 2018, forward of the deadline, which was on a weekend. On January 25, 2019, the ETF closed at $265.78, up 10.4% from its closing worth previous to the shutdown.
The yr 2019 went on to be probably the greatest years traders have seen in a while, with the SPDR S&P 500 ETF Belief up 31.2% for the entire yr.
That is one of the best return for the ETF over the past 11 years, indicating that the earlier longest authorities shutdown in historical past was solely a minor think about 2019 and didn’t considerably impression markets at first of the yr.
Time will inform if there’s a authorities shutdown and if historical past repeats itself with a short-term market drop adopted by robust returns.
The SPDR S&P 500 ETF Belief is at present up 14.9% year-to-date in 2025, however up just one.5% over the previous month. The funding invoice handed to finish the shutdown covers the federal government by means of Jan. 30, which may present some uncertainty over the following two months forward of one other potential shutdown.
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