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The shutdown ‘accomplished nothing and caused significant harm’ to many people, budget watchdog says, giving ‘new meaning to fiscal irresponsibility’

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The Committee for a Responsible Federal Budget (CRFB) issued a scathing indictment on Wednesday following the reported end of America’s longest government shutdown. Maya MacGuineas, president of the CRFB, said the political stalemate “accomplished nothing and caused significant harm to many individuals, not to mention our reputation around the world.”

MacGuineas, leader of a bipartisan budget watchdog, had a bipartisan rebuke for Congress. “Policymakers gave new meaning to fiscal irresponsibility,” she said, since the previous standoff was over a deficit-busting $1.5 trillion in health-care subsidies and the current reopening package locks in what the CRFB calculates as $3.4 trillion of new borrowing by wiping the Pay-As-You-Go (PAYGO) scorecard, a favorite policy of the CRFB.

“Lawmakers should stop papering over their fiscal recklessness and face the tough decisions head-on,” MacGuineas argued, “or at the very least, follow their own rules.”

The resolution to end the shutdown, which had been ongoing since before October 1, came as the Senate approved an amended version of a Continuing Resolution (CR) on November 10. The House is now preparing to vote on this CR-Minibus appropriations bill.

While the reopening package provides full-year appropriations for Agriculture, Legislative Branch, and Military Construction-Veterans Affairs, and extends current funding for the remaining appropriations bills, the CRFB warns the true cost of reopening the government is massive fiscal negligence.

The CRFB stressed that while the government may reopen soon, the underlying fiscal instability remains acute, describing the nation’s fiscal path as “increasingly unsustainable.” Estimates from the Congressional Budget Office (CBO) show the 12-month federal budget deficit totaled $1.8 trillion between November 2024 and October 2025, with the federal debt now approaching 100% of GDP (it was 99.8%)

Even with the immediate crisis resolved, lawmakers must still find agreement on nine appropriations bills for the rest of the fiscal year by the end of January. They are cautioned to do so without further increasing the debt and are urged to reestablish enforceable discretionary spending caps.

The CRFB insists that any extensions must be fiscally responsible, requiring reforms and offsets so the resulting package is “fully paid for – ideally twice over in accordance with Super PAYGO, given how bad things have gotten.”

The watchdog concluded by stating that “it’s hard to imagine the bar for dysfunctional government getting any lower than it is right now.” The CRFB called on both parties to work together to lower health care costs and reduce the debt, urging lawmakers to reopen the government without delay, and “without writing off trillions in recent borrowing or providing themselves a blank check for future borrowing.”

For this story, Fortune used generative AI to help with an initial draft. An editor verified the accuracy of the information before publishing. 



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Epstein files: Congressmen say massive blackout doesn’t comply with law and ‘exploring all options’

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The Justice Department’s extensive redactions to the Jeffrey Epstein files on Friday don’t comply with the law that Congress passed last month mandating their disclosure, according to Rep. Ro Khanna.

The California Democrat and Rep. Thomas Massie, R-Ky., led the effort on the legislation, which required that the DOJ put out its entire trove of documents by today.

But he blasted the document dump and singled out one file from a New York grand jury where all 119 pages were blacked out.

“This despite a federal judge ordering them to release that document,” Khanna said in a video posted on X. “And our law requires them to explain redactions. There’s not a single explanation. That entire document was redacted. We have not seen the draft indictment that implicates other rich and powerful men who were on Epstein’s rape island who either watched the abuse of young girls or participated in the abuse of young girls in the sex trafficking.”

He said Attorney General Pam Bondi has been “obfuscating for months” and called the files on Friday “an incomplete release with too many redactions.”

The Justice Department didn’t immediately respond to a request for comment.

In a separate X post, Massie agreed with Khanna, saying the DOJ “grossly fails to comply with both the spirit and the letter of the law” that President Donald Trump signed last month.

Deputy Attorney General Todd Blanche told Congress that the Justice Department had identified 1,200 victims of Epstein or their relatives and redacted materials that could reveal their identities, according to the New York Times.

Earlier on Friday, Blanche told Fox News that “several hundred thousand” pages would be released on Friday. “And then, over the next couple of weeks, I expect several hundred thousand more,” he added.

“Thomas Massie and are exploring all options,” Khanna warned. “It can be the impeachment of people at Justice, inherent contempt, or referring for prosecution those who are obstructing justice. We will work with the survivors to demand the full release of these files.”

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The Epstein files are heavily redacted, including contact info for Trump, celebs, and bankers

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The highly anticipated Epstein files have so far landed with a thud as page after page of documents have been blacked out, with many nearly totally redacted.

While hundreds of thousands of documents have been released so far on the Justice Department’s site housing the information, there isn’t that much to see.

“Simply releasing a mountain of blacked out pages violates the spirit of transparency and the letter of the law,” Senate Minority Leader Chuck Schumer said in a statement. “For example, all 119 pages of one document were completely blacked out. We need answers as to why.”

That appeared to refer to a document titled “Grand Jury NY.” 

The data dump came late Friday, the deadline that Congress established last month for disclosing the trove of files, though other documents had already been released earlier by the DOJ, Congress and the Epstein estate.

One document listed thousands of names with their contact information redacted, including Donald Trump as well as Ivana and Ivanka Trump.

Numerous celebrities were also in that document, such as Rolling Stones singer Mick Jagger and the late pop idol Michael Jackson, who also appeared in photos with Epstein.

Former Senators John Kerry and George Mitchell were on the list as were Jes Staley, a former JPMorgan and Barclays executive, and Leon Black, a cofounder and former CEO of Apollo Global Management.

Appearing in the files doesn’t necessarily imply any wrongdoing as Epstein mingled in wider social circles and was ofter asked for charitable donations.

But Staley said he had sex with a member of Epstein’s staff, and Black was pushed out of Apollo over his Epstein ties, which Black maintains were for tax- and estate-planning services.

Numerous hotels, clubs and restaurants are listed too, plus locations simply described as “massage.” Banks included the now defunct Colonial Bank as well as Bear Stearns and Chemical Bank, which both eventually became part of JPMorgan.

Other entries fell under country categories like Brazil, France, Italy and Israel. Former Israeli prime ministers Ehud Olmert and Ehud Barak were on the list.



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Epstein files: Trump, Clinton, Summers, Gates not returning any results in search bar

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The Justice Department released a massive trove of files related to the late sex trafficker Jeffrey Epstein on Friday, but the site housing the information was failing to turn up any results.

The data dump came on the deadline that Congress established last month for disclosing the highly anticipated information, though a top Justice official suggested that not all the documents would come out at once with more due in the coming weeks.

While President Donald Trump, former President Bill Clinton, former Treasury Secretary Larry Summers, Microsoft cofounder Bill Gates and scores of other powerful men have been linked to Epstein, their names failed to come up in a search of DOJ’s “Epstein Library.”

“No results found. Please try a different search,” the site says after queries for their names.

The site adds that “Due to technical limitations and the format of certain materials (e.g., handwritten text), portions of these documents may not be electronically searchable or may produce unreliable search results.”

However, Clinton also appears in photos that were released as does the late pop singer Michael Jackson. Other records were heavily redacted.

Deputy Attorney General Todd Blanche told Congress that the Justice Department had identified 1,200 victims of Epstein or their relatives and redacted materials that could reveal their identities, according to the New York Times.

Last month, an overwhelmingly bipartisan vote in Congress produced legislation to force the Trump administration to release the DOJ files, though emails and photos from Epstein’s estate had already come out.

One of the sponsors of that legislation, Rep. Ro Khanna, warned on Friday that if DOJ doesn’t show that it’s complying with the law, Congress could hold impeachment hearings for Attorney General Pam Bondi and Blanche.

Earlier on Friday, Blanche told Fox News that “several hundred thousand” pages would be released on Friday. “And then, over the next couple of weeks, I expect several hundred thousand more,” he added.

This story was originally featured on Fortune.com



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