China Keeps Loan Prime Rates Unchanged for 13th Straight Month as Policymakers Prioritize Credit Demand Recovery 
Japan Manufacturing Growth Accelerates in June as Orders Surge Despite Iran War Cost Pressures 
US Dollar Climbs to One-Year High as Fed Rate Hike Expectations Surge 
Malaysia Central Bank Moves to Support Ringgit Amid Foreign Fund Outflows 
U.S.-Iran Diplomacy Helps Drive Gasoline Prices Down 15% From May Highs 
Singapore Inflation Stays Muted in May as Core CPI Misses Forecasts Ahead of MAS Review 
Wall Street Slides as AI Stocks Tumble Following South Korea Tech Sell-Off 
Yen Near 40-Year Low as USD/JPY Approaches Key 162 Level, Raising Intervention Concerns 
100+ Global Companies Push Governments to Prioritize Electrification for Economic Growth 
Australia Inflation Cools in May, But Core CPI Keeps RBA Rate Hike Risks Alive 
Oil Prices Drop as Strait of Hormuz Shipping Recovers 
US Dollar Hits One-Year High as Hawkish Fed Outlook Overshadows Middle East Developments 
Asian Stocks Slip as Oil Rebounds Amid Fed Rate Hike Fears 
Wall Street Ends Mixed as Tech Stocks Struggle Ahead of Micron Earnings 
Oil Prices Fall as Iran Peace Talks Progress, Hormuz Reopens, and U.S. SPR Hits 1983 Low 
Gold Prices Mixed as Stronger Dollar Offsets Safe-Haven Demand Amid U.S.-Iran Peace Talks 
Gold Falls Below $4,000 as Strong Dollar and Fed Rate Hike Expectations Weigh on Prices 
The TSA has warned that a government shutdown could severely disrupt airport operations during the holiday season. With 59,000 essential staff working unpaid, record passenger volumes may result in longer wait times unless lawmakers act quickly to avoid the funding crisis.
Higher Airport Wait Times Feared Amid Looming Shutdown
TSA Administrator Randolph Alles voiced concern that higher wait times at airports could result from a protracted partial US government shutdown, Investing.com reports.
If the government does not strike a budget agreement by Saturday, the Transportation Security Administration (TSA), which is responsible for airport security screening, has stated that around 59,000 of its 62,000 employees are deemed critical and will continue working without pay.
Among the federal employees who would be compelled to continue working but would not be compensated for their efforts are air traffic controllers and officers of the TSA.
"While our personnel are prepared to handle high volumes of travelers and ensure safe travel, please be aware that an extended shutdown could mean longer wait times at airports," TSA Administrator David Pekoske wrote on social media.
TSA and FAA Brace for Shutdown Fallout
Following the record-breaking performance of the agency during the Thanksgiving holiday, it anticipates screening a record forty million passengers over the course of the holiday season.
In the absence of a settlement, the Federal Aviation Administration (FAA) predicts that it would be forced to stop training air traffic controllers and lay off more than 17,000 personnel during the shutdown.
The 35-day government shutdown in 2019 caused an increase in controller and TSA officer absenteeism due to unpaid wages, which in turn caused some airport checkpoint wait times to be longer than expected.
Holiday Travel Disruptions Could Pressure Lawmakers
Air traffic was compelled to slow by the FAA during the previous shutdown, which increased pressure on Congress to resolve the impasse.
