It's day one of the government shutdown, and the path to reopening looks murky.
Plus, new payroll data gives an unwelcome surprise on the state of the jobs market.
And it's not just your average home buyers, even the luxury housing market is starting to crack.
When luxury buyers and sellers pull back because they feel some uncertainty,
that's an uncertainty that's going to be shared by everyone throughout the market.
It's Wednesday, October 1st.
I'm Alex Oselev for the Wall Street Journal.
This is the PM edition of What's News,
the top headlines and business stories that move the world today.
Hundreds of thousands of workers across the federal government received furlough notices today,
and it's not clear when or if they'll be coming back to work.
At the center of the debate over a spending deal between lawmakers,
Enhance subsidies for Affordable Care Act health insurance plans that are set to expire at the end of the year.
Republicans had pushed to temporarily extend current government funding levels to buy time for negotiations.
But Democrats say they won't vote for any bill that doesn't extend the ACA subsidies.
Top members of each party took to cable news and held press conferences on Capitol Hill today to point fingers.
On Fox News, Vice President JD Vance laid out the terms under which he'd be willing to negotiate.
I'd offer right now to the Senate Democrats.
I'm happy.
I will go to the Capitol right now to talk to Chuck Schumer and Senate Democrats about premium support for the Affordable Care Act,