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U.S. Shutdown Looms as Talks Stall Hours Before Funding Deadline

Democrats are conditioning any stopgap on extending expiring health subsidies.

Overview

  • A White House meeting yielded no breakthrough, with Vice President J.D. Vance saying a shutdown is likely and both parties trading blame.
  • Republicans push a short-term funding bill through roughly November 21, while Democrats seek to tie it to Affordable Care Act tax-credit extensions and reversals of Medicaid cuts.
  • Senate leaders prepared a second vote on a GOP stopgap that already failed once and still requires at least seven Democratic votes to pass.
  • Federal agencies outlined contingency plans as the Labor Department said economic releases, including the September jobs report, would be paused during any lapse.
  • Trump escalated tensions with an AI-generated video mocking Democratic leaders and threatened mass firings, as markets tracked the risk and gold hit a record above $3,800 an ounce.