KILLER CHARTS

KILLER CHARTS

Why the US government keeps shutting down

Five charts to start your day

James Eagle's avatar
James Eagle
Nov 20, 2025
∙ Paid
Quick note — Killer Charts has been $8/month and $80/year since launch two years ago. From 1 December the price for new subscribers will rise to $10/month and $100/year. If you’ve been meaning to upgrade, you can lock in the old rate for life here.

CHART 1 • Why the US government keeps shutting down

The latest US government shutdown has just ended after 43 days, the longest in history. It feels dramatic when viewed on its own. But when you look at the chart, it falls neatly into a trend that has been developing for decades.

Shutdowns that were once short and infrequent have become longer and more regular. They now occur under both Republican and Democratic control, which tells us this is not a partisan quirk but a structural feature of modern US politics. The longest disruptions cluster in periods when the White House and Congress are split. That is when a routine budget bill turns into a power struggle.

Seen through the chart, the recent shutdown is less a surprise and more a symptom. Each episode reinforces the idea that withholding funding is an acceptable tool of negotiation. Markets have adapted to the ritual and barely react anymore, but the underlying message of the data is harder to ignore: shutdowns are becoming embedded in the system itself.

The question is no longer why they happen, but how much longer America can treat basic government funding as a bargaining chip without weakening its own ability to govern.

Source: Bloomberg

What worries me most is the normalisation of the US government shutdown. A shutdown used to be a line no one wanted to cross. Now it is another tool in Washington gridlock and the hidden cost is competence. Institutions lose muscle when they stop planning for the long term and political brinkmanship becomes routine.

I keep the newsletter alive with paid support. Today’s paid edition adds four more charts. If you’re in, upgrade.

Keep reading with a 7-day free trial

Subscribe to KILLER CHARTS to keep reading this post and get 7 days of free access to the full post archives.

Already a paid subscriber? Sign in
© 2025 James Eagle
Privacy ∙ Terms ∙ Collection notice
Start your SubstackGet the app
Substack is the home for great culture