Overview

• Hundreds of thousands of federal employees remain furloughed or unpaid, and agencies are executing OMB directives to identify nonessential programs for cuts.
• The Senate twice failed last week to advance rival stopgap bills, with neither party’s proposal reaching the 60-vote threshold despite Republican control of both chambers.
• Talks remain stalled over renewing Affordable Care Act subsidies and migration-related coverage, alongside Republican demands for spending cuts tied to longer-term fiscal goals.
• Market caution has intensified, with gold trading above $3,900 an ounce and analysts at UBS estimating a roughly 0.1 percentage point hit to GDP for each week of closure.
• Republican leaders prepared additional test votes for Monday that were not expected to clear a filibuster, as the White House warned thousands of federal positions could be eliminated if the impasse continues.