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---
title: Donald Trump: Government Shutdown May Happen in Fall
description: Trump called for ending the filibuster on legislation or letting the government shut down this fall to overcome Democratic opposition
canonical: https://time.com/4763228/donald-trump-government-shutdown-tweet/
author: TIME
article:opinion: false
article:content_tier: free
article:published_time: 2017-05-02T15:26:04.000Z
article:modified_time: 2026-10-08T09:00:36.236Z
article:section: Politics
og:title: President Trump Warns of Government Shutdown in Fall
og:description: He said it may be needed to "fix mess."
og:url: https://time.com/4763228/donald-trump-government-shutdown-tweet/
og:site_name: TIME
og:image: https://static.time.com/v3/assets/bltea6093859af6183b/bltb22fcb8def3efc13/6988cb94a988ca46156bc0a6/trump-white-house.jpg?branch=production&width=1200&quality=75&auto=webp&crop=16:9
og:image:width: 2000
og:image:height: 1125
og:image:alt: Donald Trump
og:type: article
twitter:card: summary_large_image
twitter:title: President Trump Warns of Government Shutdown in Fall
twitter:description: He said it may be needed to "fix mess."
twitter:image: https://static.time.com/v3/assets/bltea6093859af6183b/bltb22fcb8def3efc13/6988cb94a988ca46156bc0a6/trump-white-house.jpg?branch=production&width=1200&quality=75&auto=webp&crop=16:9
video:duration: 01:15
video:published: 2017-03-21
section: personal-finance
topics: social media and investing, Twitter rumors, stock market hysteria, Starbucks boycott, Snapchat IPO, online hoaxes, 401(k) and IRA, compound interest, retirement saving
genre: explainer, advice
tones: cautionary, instructive, conversational
emotions: caution (medium), reassurance (low), skepticism (medium)
sentiment: neutral
audience: retail investors, young adults, people saving for retirement, social media users
organizations: GEICO, Starbucks, Snapchat
products: 401(k), IRA, Grande Mocha Frappuccino
transcript_source: automatic transcription
transcript_reviewed: not applicable
---

![](https://static.time.com/v3/assets/bltea6093859af6183b/bltb22fcb8def3efc13/6988cb94a988ca46156bc0a6/trump-white-house.jpg?branch=production&width=1200&quality=75&auto=webp&crop=16:9)


# President Trump Warns of Government Shutdown in Fall

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<!-- video src="https://cdn.jwplayer.com/manifests/GEJQ9J4p.m3u8" -->
## Video: Twitter Shouldn't Pick Your Stocks: Here's Why Money

[Watch (HLS stream): Twitter Shouldn't Pick Your Stocks: Here's Why Money](https://cdn.jwplayer.com/manifests/GEJQ9J4p.m3u8) (1:15)

![Twitter Shouldn't Pick Your Stocks: Here's Why Money](https://cdn.jwplayer.com/v2/media/GEJQ9J4p/poster.jpg?width=720)

_Published 2017-03-21. You shouldn't be making financial decisions based on tweets._
Description, summary, key points, chapters, key quotes, questions and transcript, where present, were produced automatically from the video or its captions and were not reviewed.

## Summary
The video explains why viewers should not make financial decisions based on tweets or social media hype. It cites the Starbucks boycott and the Snapchat IPO as examples of overstated online news, and warns about trolls spreading hoaxes. It advises saving 10 to 15 percent of income each year in a 401(k) or IRA and leaving that money alone to let compound interest grow. The segment is presented by GEICO.

## Key points
- Rumors about companies spread quickly on Twitter, and hypes and backlashes can be overblown. (00:05)
- Reports about the Starbucks boycott were overstated, and the company is doing just fine. (00:16)
- Whether Snapchat will be profitable long term remains to be seen, despite the buzz around its IPO. (00:26)
- Online trolls spread hoaxes about celebrity deaths and wild business announcements. (00:36)
- People on social media tend to overreact to the news, and the stock market may see waves as a result. (00:45)
- Investments should be placed in a 401(k) or IRA with a trusted company. (00:49)
- Viewers should save 10 to 15 percent every year. (00:55)
- Viewers should not touch the saved money, no matter what people are tweeting, so compound interest can grow it. (00:55)

## Chapters
- [00:00 to 00:26] Twitter rumors and the Starbucks boycott. The segment describes how rumors and hype spread on Twitter and cites the Starbucks boycott as an overstated example.
- [00:26 to 00:45] Snapchat IPO and online hoaxes. The segment notes the uncertain long-term profitability of Snapchat's IPO and warns about trolls spreading hoaxes online.
- [00:45 to 01:15] Saving and investing advice. The segment advises against trading on tweets and recommends saving 10 to 15 percent annually in a 401(k) or IRA and leaving it alone.

## Key quotes
- [00:55] narrator: "Don't touch the money, no matter what people are tweeting."
- [00:45] narrator: "People on social media tend to overreact to the news"
- [00:00] narrator: "Twitter is the wild, wild west of the news cycle."

## Questions this video answers
- Should financial decisions be based on tweets? [00:40]
- Were the reports about the Starbucks boycott accurate? [00:11]
- How much should people save each year for retirement? [00:55]
- What should people do with their savings to benefit from compound interest? [00:55]


by 

[Ryan Teague Beckwith](https://time.com/author/ryan-teague-beckwith/)


## Ryan Teague Beckwith


May 2, 2017 3:26 PM UTC

You shouldn't be making financial decisions based on tweets. 

by 

[Ryan Teague Beckwith](https://time.com/author/ryan-teague-beckwith/)


## Ryan Teague Beckwith


May 2, 2017 3:26 PM UTC

[President Trump](http://time.com/4710456/donald-trump-time-interview-truth-falsehood/) called for ending the filibuster on legislation or letting the [government shut down](http://time.com/4753249/trump-government-shutdown-border-wall-2017/?iid=sr-link2) this fall to overcome Democratic opposition.

In a Tuesday morning [tweet](https://twitter.com/realDonaldTrump/status/859393829505552385), Trump referenced the fact that it can take 60 votes to get a bill through the Senate, blaming that for a spending deal that [did not include some of his legislative priorities](https://www.nytimes.com/2017/05/01/us/politics/winners-and-losers-of-the-spending-deal-spoiler-alert-trump-lost.html?%5Fr=0), such as cuts to the National Institutes of Health and more military spending.

> [](https://twitter.com/realDonaldTrump/status/859392449181093888)

> [](https://twitter.com/realDonaldTrump/status/859393829505552385)

Republicans currently hold 52 seats in the Senate. They abolished the 60-vote threshold on Supreme Court nominations last month in order to seat Justice [Neil Gorsuch](http://time.com/4728558/neil-gorsuch-filibuster-senate-confirmation-vote/?iid=sr-link4), but the filibuster remains for legislation.

Most of Trump’s legislative failures so far have come in the House, where infighting has paralyzed Republicans.

This is not the first time Trump has called for a rules change. Though some Republicans were wary of ending the filibuster on the Supreme Court, Trump eagerly endorsed the so-called [nuclear option](http://time.com/4723610/neil-gorsuch-supreme-court-nuclear-option-filibuster/?iid=sr-link1) long before it was clear the GOP would need to.

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