The ongoing US government shutdown has broken historic records — and its economic consequences could prove even longer-lasting.

Today on the Big Take, host Sarah Holder is joined by Bloomberg’s Gregory Korte and Megan Scully, who cover the White House and Congress, to talk about the shutdown’s impacts across sectors — and what it could take to break the logjam.

Read more: The US Government Shutdown Is the Longest Ever. Why Does This Keep Happening?

The ongoing US government shutdown has broken historic records &mdash; and its economic consequences could prove even longer-lasting.
Today on the Big Take, host Sarah Holder is joined by Bloomberg&rsquo;s Gregory Korte and Megan Scully, who cover the White House and Congress, to talk about the shutdown&rsquo;s impacts across sectors &mdash; and what it could take to break the logjam.
Read more: <a href="https://www.bloomberg.com/news/articles/2025-11-05/the-us-government-shutdown-is-the-longest-ever-why-does-this-keep-happening">The US Government Shutdown Is the Longest Ever. Why Does This Keep Happening?</a>

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

Big Take

How the Longest Government Shutdown Is Impacting the Economy

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/67c101e0-ee2c-427f-9d98-b38d01708709/transcript

After months of speculation and a publicized selection process befitting The Apprentice, President Trump has announced his pick to lead the Federal Reserve: former Fed Governor Kevin Warsh.

Historically a monetary policy hawk, the now dovish Warsh is expected to align more closely with President Trump’s views on inflation and rate decisions.

On today’s Big Take podcast, host Sarah Holder sits down with Bloomberg Fed reporters Amara Omeokwe and Saleha Mohsinto discuss Warsh’s nomination, the early reactions we’ve seen from Wall Street and Washington, and what his past record and recent evolution signal about how he may handle interest rates and an ongoing battle over Fed independence.

Hosted by Sarah Holder; Produced by David Fox; Reported by Amara Omeokwe, Saleha Mohsin; Edited by Naomi Shavin.

Fact-checking by Eleanor Harrison-Dengate, Julia Press; Engineering by Alex Sugiura.

Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

After months of speculation and a publicized selection process befitting The Apprentice, President Trump has announced his pick to lead the Federal Reserve: former Fed Governor Kevin Warsh.
Historically a monetary policy hawk, the now dovish Warsh is expected to align more closely with President Trump&rsquo;s views on inflation and rate decisions.
On today&rsquo;s Big Take podcast, host Sarah Holder sits down with Bloomberg Fed reporters Amara Omeokwe and Saleha Mohsin to discuss Warsh&rsquo;s nomination, the early reactions we&rsquo;ve seen from Wall Street and Washington, and what his past record and recent evolution signal about how he may handle interest rates and an ongoing battle over Fed independence.
Hosted by Sarah Holder; Produced by David Fox; Reported by Amara Omeokwe, Saleha Mohsin; Edited by Naomi Shavin.
Fact-checking by Eleanor Harrison-Dengate, Julia Press; Engineering by Alex Sugiura.
Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

How Kevin Warsh Could Shape the Fed’s Future

The US Senate failed to advance a government spending package on Thursday, setting up for a partial government shutdown.

At the center of the debate is funding for the Department of Homeland Security. In the wake of federal agents killing two US citizens in Minnesota, the spending package has become the latest flashpoint in the fight over ICE’s deployment in American cities.

On today’s Big Take podcast, host Sarah Holder and Bloomberg reporters Steven Dennis and Alicia Diaz track the fight playing out in Washington as tensions continue to flare in Minnesota.

Read more: 
Trump, Democrats Make Some Progress in Talks to Avert Shutdown
Trump, Democrats Hurtle Toward Shutdown After Minnesota Killing
Republicans Divided After Latest Shooting by Federal Agents
Key Democrat Visits Minneapolis, Applauds ‘Courageous Movement’ 

Further listening: 
Minnesota v. ICE
Inside ICE’s Plan to Build Detention ‘Mega Centers’

Hosted by Sarah Holder; Produced by Julia Press; Reported by Steven Dennis and Alicia Diaz; Edited by Aaron Edwards; Fact-checking by Rachael Lewis-Krisky and Eleanor Harrison-Dengate; Engineering by Alex Sugiura; Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

The US Senate failed to advance a government spending package on Thursday, setting up for a partial government shutdown.
At the center of the debate is funding for the Department of Homeland Security. In the wake of federal agents killing two US citizens in Minnesota, the spending package has become the latest flashpoint in the fight over ICE&rsquo;s deployment in American cities.
On today&rsquo;s Big Take podcast, host Sarah Holder and Bloomberg reporters Steven Dennis and Alicia Diaz track the fight playing out in Washington as tensions continue to flare in Minnesota.
Read more:&nbsp;
<ul>
<li aria-level="1"><a href="https://www.bloomberg.com/news/articles/2026-01-29/trump-democrats-make-some-progress-in-talks-to-avert-shutdown">Trump, Democrats Make Some Progress in Talks to Avert Shutdown</a></li>
<li aria-level="1"><a href="https://www.bloomberg.com/news/articles/2026-01-26/trump-democrats-hurtle-toward-shutdown-after-minnesota-killing">Trump, Democrats Hurtle Toward Shutdown After Minnesota Killing</a></li>
<li aria-level="1"><a href="https://www.bloomberg.com/news/articles/2026-01-26/us-republicans-divided-after-latest-shooting-by-federal-agents">Republicans Divided After Latest Shooting by Federal Agents</a></li>
<li aria-level="1"><a href="https://www.bloomberg.com/news/articles/2026-01-27/democrats-warnock-to-travel-to-minneapolis-following-killing">Key Democrat Visits Minneapolis, Applauds &lsquo;Courageous Movement&rsquo;</a>&nbsp;</li>
</ul>
Further listening:&nbsp;
<ul>
<li aria-level="1"><a href="https://podcasts.apple.com/us/podcast/big-take/id1578096201?i=1000745068137">Minnesota v. ICE</a></li>
<li aria-level="1"><a href="https://podcasts.apple.com/us/podcast/big-take/id1578096201?i=1000745962366">Inside ICE&rsquo;s Plan to Build Detention &lsquo;Mega Centers&rsquo;</a></li>
</ul>
Hosted by Sarah Holder; Produced by Julia Press; Reported by Steven Dennis and Alicia Diaz; Edited by Aaron Edwards; Fact-checking by Rachael Lewis-Krisky and Eleanor Harrison-Dengate; Engineering by Alex Sugiura; Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

The Fight Over ICE Funding

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/6e728ace-622b-46c9-9dc7-b3e1012363dc/transcript

Not long ago, markets would have lurched if a president threatened to impose tariffs, attack a foreign nation or compromise Federal Reserve independence. Since Donald Trump’s return to office, though, traders have been buying on these threats and cashing in when they don’t come to pass.

On today’s episode of the Big Take, Bloomberg Opinion’s John Authers and columnist Robert Armstrong of the Financial Times – who coined ‘Trump Always Chickens Out’ – join host David Gura to discuss the latest TACO trading statistics and what happens when financial markets have muted reactions to White House headlines.

Hosted by David Gura; Produced by David Fox; Reported by John Authers and Robert Armstrong; Edited by Jeffrey Grocott.

Fact-checking by Eleanor Harrison-Dengate and Rachael Lewis-Krisky; Engineering by Katie McMurran.

Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

Not long ago, markets would have lurched if a president threatened to impose tariffs, attack a foreign nation or compromise Federal Reserve independence. Since Donald Trump&rsquo;s return to office, though, traders have been buying on these threats and cashing in when they don&rsquo;t come to pass. On today&rsquo;s episode of the Big Take, Bloomberg Opinion&rsquo;s John Authers and columnist Robert Armstrong of the Financial Times &ndash; who coined &lsquo;Trump Always Chickens Out&rsquo; &ndash; join host David Gura to discuss the latest TACO trading statistics and what happens when financial markets have muted reactions to White House headlines.
Hosted by David Gura; Produced by David Fox; Reported by John Authers and Robert Armstrong; Edited by Jeffrey Grocott.
Fact-checking by Eleanor Harrison-Dengate and Rachael Lewis-Krisky; Engineering by Katie McMurran.
Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.

Trump Keeps TACOing. What If Markets Stop Caring?

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/3ae15193-b581-4b3a-8ceb-b3e0016a46d3/transcript

How the Longest Government Shutdown Is Impacting the Economy

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