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The Economic Fallout of a Government Shutdown & Why Fermi Will Be the Worst IPO of 2025

October 1, 2025·25m

Ed Elson is joined by Stephanie Roth, chief economist at Wolfe Research, to unpack how a government shutdown could impact the economy. Then, he dives into Fermi America, a new company going public, and explains why he thinks it may be the year’s worst IPO.