Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
Oil Prices Slip as Russia-Ukraine Peace Hopes Fade and Oversupply Fears Grow 
South Korea Posts Stronger-Than-Expected 1.3% Economic Growth in Q3 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
Japan’s Service Sector Sustains Growth Momentum in November 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
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.
