Overview
- The funding lapse that began Oct. 1 is already the second-longest on record and will top the 35-day mark if it persists through midweek.
- Two federal judges ordered SNAP benefits to resume, and a separate ruling required the administration to draw on a $5 billion contingency fund to prevent a lapse in food aid.
- The House has not held a vote since Sept. 19 as a continuing resolution remains stalled in the Senate, underscoring deep legislative paralysis.
- Key crypto deadlines slipped, including a tentative Oct. 20 market-structure markup, and an SEC official said the shutdown is delaying 401(k) reforms that would permit crypto exposure.
- Policy watchers point to the Senate Agriculture Committee’s market-structure draft as a potential path to a Thanksgiving-era markup if funding is restored in time.