Overview

• Senators voted 47–53 to block a Democratic short-term funding bill on Oct. 1, keeping the shutdown in effect with no immediate path to a deal.
• Republicans seek a clean extension into late November, while Democrats insist on adding an extension of Affordable Care Act subsidies and restoring Medicaid funding.
• The Congressional Budget Office estimates about 750,000 federal employees will be furloughed, with roughly $400 million in lost pay per day, as essential personnel work without pay.
• The Bureau of Labor Statistics will suspend key releases, including the monthly jobs report, and agencies are curtailing operations under OMB “orderly shutdown” directives, with NASA posting closure notices.
• Markets signaled strain, with U.S. stock futures falling and gold hitting record highs as investors brace for delayed data and service disruptions.