Overview

• The Bureau of Labor Statistics did not release September nonfarm payrolls, and agencies have paused retail sales, inflation, housing, trade and GDP reports.
• Economists estimate the shutdown is shaving roughly $15 billion a week from growth, while the CBO puts daily lost compensation near $400 million for sidelined staff.
• A White House Council of Economic Advisers memo drawing on Goldman Sachs, Fiserv and Federal Reserve analysis projects a $30 billion drop in consumer spending if the closure lasts a month.
• Hundreds of thousands of federal employees are furloughed or working without pay, including air-traffic controllers, security officers and military personnel, and some public health and nutrition services are suspended.
• Talks remain stuck over health-program funding after a Senate stopgap faltered, and White House talk of layoffs and agency restructuring is adding to investor and credit-rating worries.