Overview

• President Trump’s Monday meeting with congressional leaders ended without an agreement ahead of the Tuesday midnight funding deadline.
• Republicans are pressing a clean short-term continuing resolution, while Democrats seek to extend ACA premium subsidies and reverse recent Medicaid cuts.
• The Office of Management and Budget directed agencies to prepare plans for permanent staff reductions in programs that lose funding, beyond routine furloughs.
• The Labor Department said it would pause key economic data, including Friday’s September jobs report, if a partial shutdown begins.
• Prediction markets and analysts put shutdown odds high and warn of near-term market volatility and a modest, duration‑dependent drag on GDP.