Overview

• Senators voted down two competing seven-week funding bills from each party, leaving no temporary measure in place.
• OMB Director Russell Vought directed agencies to execute orderly shutdown plans as closures and service disruptions begin.
• The Congressional Budget Office projects about 750,000 federal employees will be furloughed, with essential staff working without immediate pay.
• The dispute centers on expiring Obamacare subsidies that Republicans oppose renewing and Democrats call non-negotiable.
• President Trump said the pause could be used to dismiss federal workers, while markets stayed calm and analysts estimate a 0.2 percentage-point weekly drag on annual GDP.