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Welcome to The Hill’s Business & Economy newsletter

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Business & Economy

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The Big Story

GOP hopes to make potential shutdown painful for Dems

President Trump and GOP lawmakers are itching to make a potential government shutdown as painful as possible for Democrats as negotiations show few signs of progress with less than a week to go before the deadline.

Republicans and Democrats have talked past each other for weeks, with each side refusing to pivot from their calls for a seven-week “clean” stopgap package and for protecting Affordable Care Act subsidies, respectively.

But with the high-stakes deadline approaching, Republicans are warning members of the minority party that if a shutdown comes to pass, Trump will make life incredibly difficult for them.

“I’d be much more worried if I were a blue state. The president has a lot of discretionary power on what he declares is … essential,” said Sen. Roger Marshall (R-Kan.) when asked about a shutdown’s impact on his state. “We do not want a shutdown.”

For the first time in a while, Republicans believe they have the wind at their sails heading into a shutdown fight. The party has been largely united behind the seven-week continuing resolution (CR) push, with Senate Majority Leader John Thune (R-S.D.) and Speaker Mike Johnson (R-La.) heading the efforts.

They also have additional tools in their toolkit they appear ready and willing to wield if the government’s lights go dark — some of which have been used against them in the past.

A number of Republicans have cited the impact of the 2013 shutdown, which then-President Obama and then-Senate Majority Leader Harry Reid (D-Nev.) used to pillory the GOP when conservatives were attempting to defund ObamaCare.

Read more here.

Welcome to The Hill’s Business & Economy newsletter, I’m Sylvan Lane — covering the intersection of Wall Street and Pennsylvania Avenue.

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Essential Reads

Key business and economic news with implications this week and beyond:

New home sales surge in August to a 3-year high

New home sales blew past expectations in August, hitting the fastest pace in more than three years.

Full Story

Senators press Tinder parent company on dating scams

Sens. Maggie Hassan (D-N.H.) and Marsha Blackburn (R-Tenn.) on Wednesday pressed Match Group, the parent company of the popular dating app Tinder, on dating scams.

Full Story

United, American airlines experience technical issues

United Airlines and American Airlines were plagued by flight delays Wednesday due to a brief ground stoppage and technical issue, respectively.

Full Story

Trump administration eyes government stake as it renegotiates loan for lithium project: Official

The Trump administration is seeking a stake for the federal government as it renegotiates the terms of a loan for a major lithium project issued under the Biden administration, an official told The Hill on Wednesday.

Full Story

The Ticker

Upcoming news themes and events we’re watching:

The Bureau of Economic Analysis releases the second estimate of second quarter GDP growth Thursday at 8:30 a.m. EDT

In Other News

Branch out with more stories from the day:

AI’s double-edged sword: UN leaders weigh its promise and peril

The rise of artificial intelligence took center stage at Wednesday’s meeting of the U.N. Security …

Full Story

Good to Know

Business and economic news we’ve flagged from other outlets:

A Diminished Social Security Work Force, and Its Customers, Feel the Strain (NYT)
Chicago Bears valued at nearly $9 billion in minority stake sale that sets an NFL record: Sources (CNBC)
Inflation could be a third lower without tariffs, financial decision makers say (CNN)