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The Latest Breaking News from Government Shutdown

Fed cuts rates again but throws cold water on a December rate cut

The move comes as the ongoing government shutdown restricts the release of critical economic data.

Axios

US could lose between $7bn and $14bn during shutdown, budget office says

Federal agency also estimates country’s GDP will reduce by one to two percentage points over shrinking demand

The Guardian - US

Powell cuts rates in the dark in historic move, with no jobs data and Trump heckling from abroad

For the first time in modern history, the Fed cut rates without jobs data, acting amid a government shutdown, rising unemployment, and open pressure from the president, who wants Powell gone.

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

Fed cuts interest rates for second time this year amid economic uncertainty

Central bank sets rates at range between 3.75% and 4% amid turbulence from government shutdown and Trump’s tariffs

The Guardian - US

SNAP Benefits at Risk Amid Government Shutdown

Iowa food banks brace for record demand as SNAP benefits risk suspension amid prolonged US government shutdown, leaving 270,000 residents in crisis.

International Business Times

SNAP Benefits at Risk Amid Government Shutdown: Des Moines Nonprofits Brace for Impact

Iowa food banks brace for record demand as SNAP benefits risk suspension amid prolonged US government shutdown, leaving 270,000 residents in crisis.

International Business Times UK

Jimmy Kimmel on government shutdown: ‘There is no Republican plan for healthcare’

Late-night hosts discussed the lack of Republican effort to end the shutdown as Trump paid a state visit to Japan

The Guardian - US

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Health insurance open enrollment begins this weekend. Americans face higher prices and less help as shutdown drags on

More than 24 million people enrolled in individual plans for 2025

The Independent UK

WIC Funding at Risk Amid Government Shutdown, Forcing House Republicans To Introduce New Bill

Funding for the Special Supplemental Nutrition Program for Women, Infants, and Children (WIC) is at risk amid the ongoing government shutdown.

International Business Times

Trump Administration Sued Over Suspending Food Benefits Amid Shutdown

A coalition of over two dozen states has filed a lawsuit against the Trump administration, demanding that funding for the Supplemental Nutrition Assistance Program (SNAP) be continued during the ongoing government shutdown.

Benzinga

Democrats embrace votes to make government shutdown hurt less

It's an attempt to make Republicans own more of the acute and escalating pain.

Axios

Air traffic controllers receive $0 paychecks as government shutdown stretches

Nearly 11,000 air traffic controllers, deemed essential workers, did not receive wages for two weeks of work

The Guardian - US

SNAP cutoff could hurt Texas grocers and the rest of the economy, experts say

The ongoing government shutdown means more than $600 million per month won’t go to millions of Texas SNAP beneficiaries who pump that money into the state economy.

The Texas Tribune

Here's How to Get Student Loan Help Despite Service Disruption Amid the US Government Shutdown

US student loan borrowers can utilise the Education Department's official website, contact their loan services, or reach out to nonprofits to resolve their queries.

International Business Times UK

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The Guardian - US

Two dozen states sue White House over food stamps suspension amid shutdown

Federal food assistance benefits for low-income families set to expire on 1 November due to government shutdown

The Conversation

Fed struggles to assess state of US economy as government shutdown shuts off key data

When it comes to setting monetary policy for the world’s largest economy, what data drives decision-making?

The Independent UK

What to know as federal food help and preschool aid will run dry Saturday if shutdown persists

A new lawsuit by Democratic state officials seeks to uncork emergency money to help tens of millions of Americans keep buying food for their families after federal SNAP funding is expected run dry Saturday due to the U.S. government shutdown

GOBankingRates

10 States With the Most Workers Impacted by Federal Furloughs

The federal government shutdown that began on Oct. 1 is creeping ever closer to the longest on record, which occurred during President Donald Trump's first term and lasted 35 days, as reported by AP...

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Benzinga

Solana's First US Staking ETF Could Be 'Huge', Bitwise's Matt Hougan Says

Solana's (CRYPTO: SOL) first-ever U.S. staking ETF has launched to overwhelming demand, despite a government shutdown and a consolidating crypto market.

The Independent UK

What happens to your flight now air traffic controllers are not getting paid

Over 8,000 flights were delayed on Sunday due to massive staff shortages caused by the government shutdown

Roll Call

Judge extends block on government shutdown layoffs - Roll Call

A federal judge issued an injunction Tuesday blocking the Trump administration from laying off workers during the government shutdown.

The Mary Sue

‘Most corrupt President in American history’: Senator Patty Murray lashes out at Trump, says she has never seen a President so ‘unwilling’ to work with

In a few days, it will be a month since the government shutdown started after Democrats and Republicans failed to reach an agreement on a funding bill. In this period, a lot has happened: from smear campaigns to lies, to deception and scare tactics, President Donald Trump and his supporters…

Barchart

Wall Street’s Fear Gauge Is Eerily Quiet Despite the Government Shutdown. Here’s 1 Options Trade That Could Pay When It Wakes Up.

Despite the ongoing U.S. government shutdown, market volatility has fallen to unusually low levels, with the VIX hovering near 16, well below its long-term average.

Roll Call

Shutdown, staffing cuts taking a toll at National Park Service - Roll Call

The government shutdown has advocates for national parks fearful for the future of America’s “crown jewels” as more layoffs are threatened.

Benzinga

Consumers Feel Like It's 2008 Again In DC As Shutdown Hits Wallets

A prolonged federal government shutdown is hitting Washington D.C.’s economy hard, with consumer spending now falling at rates not seen since the 2008 financial crisis, raising fears of deeper economic disruptions if the deadlock continues.

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