$11 Billion Lost in the Shutdown

$11 Billion Lost in the Shutdown

A government shutdown that cost the U.S. economy $11 billion — with $3 billion gone for good — has ripple effects reaching far beyond Washington. From delayed federal data to frozen loans and rising uncertainty, KP unpacks how this political standoff is shaping markets, rates, and Main Street.

But it’s not all bad news: while the Fed faces new limits, credit and mortgage activity are heating up, and small businesses are showing the resilience that keeps America moving. From PRMG’s senior management insights to the AI Summit in Dana Point, KP and guest Chuck Sisson dive into the future of lending, automation, and innovation.

It’s a story of contrasts — shutdown vs. stimulus, slowdown vs. innovation, and big banks vs. small business grit.

Episode Highlights:
00:00 – How the shutdown cost $11B (and $3B unrecovered)
02:40 – Mortgage equity, funding momentum & hiring trends
05:25 – Fifth Third’s $11B Comerica acquisition explained
07:00 – Auto industry shifts, EVs & bankruptcies to watch
09:20 – Insights from the IMN AI Summit at Dana Point
11:00 – Small business innovation vs. big lender dominance
13:00 – AI, jobs, and Peter Lynch’s “America innovates” quote

Stay sharp. Stay resilient. Stay informed.
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