CNBC Television
Watch CNBC's full interview with House Speaker Rep. Mike Johnson
11/6/2025, 1:59:32 PM
Economic Summary
- The government shutdown has reached day 37 after a Clean Continuing Resolution (passed Sept 19) sought to extend funding to November 21 to allow regular appropriations; the impasse is disrupting services and creating political and economic uncertainty.
- COVID-era Obamacare subsidies are set to expire at the end of December and cost roughly $40 billion; Democrats view an extension as a priority and are using it as leverage in negotiations.
- Senate Democrats filed a counterproposal that Speaker Johnson describes as $1.5 trillion in new spending attached to a seven-week stopgap, including alleged allocations for health benefits for undocumented immigrants, foreign social spending, CPB funding, and repeal of a $50 billion rural hospital fund — heightening fiscal and political tensions.
- Supreme Court questioning about tariffs raised concerns over executive power versus congressional authority on trade policy, which could affect future tariff actions and the scope of legislative oversight.
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People mentioned
Mike JohnsonKatie BrittChuck SchumerHakeem JeffriesJohn ThuneDonald TrumpNeil GorsuchJoeCittarelliMamdamiJoe Biden