Ready to Join the Next Class of AI Millionaires?

90% of new "hot AI stocks" will NOT make it to the next stage. Serious investors trust Weiss Ratings to separate true winners from big talkers. This system has identified 10 AI stocks that are strong buys right now. It's totally free of cost inside this presentation.

Government shutdown begins as nation faces new period of uncertainty

LISA MASCARO
October 01, 2025

WASHINGTON (AP) -- Plunged into a government shutdown, the U.S. is confronting a fresh cycle of uncertainty after President Donald Trump and Congress failed to strike an agreement to keep government programs and services running by Wednesday's deadline.

Roughly 750,000 federal workers are expected to be furloughed, some potentially fired by Trump's Republican administration. Many offices will be shuttered, perhaps permanently, as Trump vows to "do things that are irreversible, that are bad" as retribution. His deportation agenda is expected to run full speed ahead, while education, environmental and other services sputter. The economic fallout is expected to ripple nationwide.

"We don't want it to shut down," Trump said at the White House before the midnight deadline.

But the president, who met privately with congressional leadership this week, appeared unable to negotiate any deal between Democrats and Republicans to prevent that outcome.

This is the third time Trump has presided over a federal funding lapse, the first since his return to the White House this year, in a remarkable record that underscores the polarizing divide over budget priorities and a political climate that rewards hard-line positions rather than more traditional compromises.

Plenty of blame being thrown around

The Democrats picked this fight, which was unusual for the party that prefers to keep government running, but their voters are eager to challenge the president's second-term agenda. Democrats are demanding funding for health care subsidies that are expiring for millions of people under the Affordable Care Act, spiking the costs of insurance premiums nationwide.

Republicans have refused to negotiate for now and have encouraged Trump to steer clear of any talks. After the White House meeting, the president posted a cartoonish fake video mocking the Democratic leadership that was widely viewed as unserious and racist.

What neither side has devised is an easy offramp to prevent what could become a protracted closure. The ramifications are certain to spread beyond the political arena, upending the lives of Americans who rely on the government for benefit payments, work contracts and the various services being thrown into turmoil.

"What the government spends money on is a demonstration of our country's priorities," said Rachel Snyderman, a former White House budget official who is the managing director of economic policy at the Bipartisan Policy Center, a think tank in Washington.

Shutdowns, she said, "only inflict economic cost, fear and confusion across the country."

Economic fallout expected to ripple nationwide

An economic jolt could be felt in a matter of days. The government is expected Friday to produce its monthly jobs report, which may or may not be delivered.

While the financial markets have generally "shrugged" during past shutdowns, according to a Goldman Sachs analysis, this one could be different partly because there are no signs of broader negotiations.

"There are also few good analogies to this week's potential shutdown," the analysis said.

Across the government, preparations have been underway. Trump's Office of Management and Budget, headed by Russ Vought, directed agencies to execute plans for not just furloughs, as are typical during a federal funding lapse, but mass firings of federal workers. It's part of the Trump administration's mission, including its Department of Government Efficiency, to shrink the federal government.

What's staying open and shutting down

The Medicare and Medicaid health care programs are expected to continue, though staffing shortages could mean delays for some services. The Pentagon would still function. And most employees will stay on the job at the Department of Homeland Security.

But Trump has warned that the administration could focus on programs that are important to Democrats, "cutting vast numbers of people out, cutting things that they like, cutting programs that they like."

As agencies sort out which workers are essential, or not, Smithsonian museums are expected to stay open at least until Monday. A group of former national park superintendents urged the Trump administration to close the parks to visitors, arguing that poorly staffed parks in a shutdown are a danger to the public and put park resources at risk.

No easy exit as health care costs soar

Ahead of Wednesday's start of the fiscal year, House Republicans had approved a temporary funding bill, over opposition from Democrats, to keep government running into mid-November while broader negotiations continue.

But that bill has failed repeatedly in the Senate, including late Tuesday. It takes a 60-vote threshold for approval, which requires cooperation between the two parties. A Democratic bill also failed. With a 53-47 GOP majority, Democrats are leveraging their votes to demand negotiation.

Senate Majority Leader John Thune has said Republicans are happy to discuss the health care issue with Democrats -- but not as part of talks to keep the government open. More votes are expected Wednesday.

The standoff is a political test for Senate Democratic leader Chuck Schumer, who has drawn scorn from a restive base of left-flank voters pushing the party to hold firm in its demands for health care funding.

"Americans are hurting with higher costs," Schumer said after the failed vote Tuesday.

House Speaker Mike Johnson sent lawmakers home nearly two weeks ago after having passed the GOP bill, blaming Democrats for the shutdown.

"They want to fight Trump," Johnson said Tuesday on CNBC. "A lot of good people are going to be hurt because of this."

Trump, during his meeting with the congressional leaders, expressed surprise at the scope of the rising costs of health care, but Democrats left with no path toward talks.

During Trump's first term, the nation endured its longest-ever shutdown, 35 days, over his demands for funds Congress refused to provide to build his promised U.S.-Mexico border wall.

In 2013, the government shut down for 16 days during the Obama presidency over GOP demands to repeal and replace the Affordable Care Act, also known as Obamacare. Other closures date back decades.

___

Associated Press writers Matt Brown, Joey Cappelletti, Will Weissert, Fatima Hussein and other AP reporters nationwide contributed to this report.

Continue Reading...

Popular

FBI Director Kash Patel Bought 2 Stocks In 2025 — One's Already A Meme Favorite

FBI Director Kash Patel was asked about two stocks he bought earlier this year by a member of Congress on Wednesday and gave a surprising answer. The transactions come as members of Congress are working on legislation to ban lawmakers and cabinet members from buying and selling stocks.

US auto safety regulators investigating Tesla due to door handle issue

Auto safety regulators in the United States are investigating certain Tesla Model Ys for a possible defect in the electronic door handles that can leave passengers trapped inside the vehicle.

Gold Surges Past $3,600... But This Has Beat Gold by 1,000X - Ad

Weiss Ratings' in-house gold expert Sean Brodrick believes gold could surpass $6,900 very soon. Here's what Sean knows that most people don't... Every time gold has made big moves, there's another investment that has done WAY better.

America Has A New No. 1 Beer — And It's Got Bud Light DNA

When it comes to beer in the United States, there's a new bestselling brand.

Cathie Wood Dumps $5.2 Million Worth of This AI Stock, Here's What Ark Bought Instead

Ark Invest decided to sell shares of Tempus AI (TEM), despite positive news of FDA clearance for its diagnostic device. They also made other key trades.

Warning: Is Nvidia About to Crash? - Ad

While some analysts think the stock is overvalued or a bubble ready to pop... Nvidia could actually be about to shock the world with... This new invention that could be 1,000 times more powerful than AI. If you missed out on Nvidia's 150X boom...

Super League Enterprise (SLE) Shares Soar After Hours: What's Happening?

Shares of micro-cap playable media company Super League Enterprise are soaring in extended trading Monday after the company announced an investment from Evo Fund.

Rigetti Computing Stock Soars On $5.8 Million Air Force Contract

Rigetti Computing Inc (NASDAQ:RGTI) shares are gaining traction on Thursday after the company announced a major quantum networking contract.

[Revealed] the Best Stocks to Buy in AI's Second Wind - Ad

You don't have to be a Silicon Valley insider or a venture capitalist to get in on the next AI disruptor early. Weiss Ratings' proven AI stock rating system is now flashing GREEN on a new batch of AI stocks. These stocks could turn out to be the biggest AI winners of 2025 and beyond.

Ex-Trump Lawyer Raises Alarms: 'I Have Never Been As Concerned As To Whether Our System Can Withstand The Pressure'

Abbe Lowell, a lawyer who once represented President Donald Trump's family, has expressed grave concerns over the potential harm the current administration could cause to the country's institutions.

Shiba Inu Lead Kaal Dhairya Calls $4 Million Hack 'Serious Incident' — Vitalik Buterin Says Focus On Low-Risk DeFi Than Memecoins

Kaal Dhairya, the lead developer of the Shiba Inu (CRYPTO: SHIB) ecosystem, labeled the recent hack incident as “serious” on Sunday, but indicated that the team was able to contain the immediate damage.

Is Nvidia About to Trigger Another 150X Opportunity? - Ad

Nvidia gave investors a chance to make more than 150 times their money with its AI chips known as graphic processing units. Legendary investor Louis Navellier believes this new invention could be even more revolutionary and mint a new wave of millionaires.

Donald Trump Orders Release of Amelia Earhart Files Nearly 90 Years After Her Disappearance

President Trump has declared his intention to declassify and make public all government records pertaining to the disappearance of aviation pioneer Amelia Earhart,

The surprising truth about dividend growth stocks

Dividend growth investing isn’t about maximizing current income, nor should it be confused with traditional growth investing. In fact, the currently falls on the value side of the US stock market.

Bigger Returns With Less Capital? The Multiplier Strategy Explained - Ad

Instead of paying thousands for an ounce of gold, why not multiply your returns by investing in the companies that mine it? As gold prices climb, their profit margins can skyrocket - and so can their stock price. The gold multiplier effect means bigger profits with lower investment.

Appeals court rejects Trump's bid to unseat Federal Reserve governor Lisa Cook ahead of rate vote

WASHINGTON (AP) — An appeals court ruled Monday that can remain a Federal Reserve governor, rebuffing President Donald Trump’s efforts to remove her just ahead of a key vote on interest rates.

Family says a man who died after going on a Universal roller coaster never let wheelchair stop him

ORLANDO, Fla. (AP) — A 32-year-old man who from blunt impact injuries after going on a roller coaster at Universal Orlando Resort’s newest park used a wheelchair. But his family said it never stopped his unwavering spirit.

Your Bank Could Change Forever on October 16 - Ad

If you have money in a checking or savings account... this could affect you directly. Treasury warns it could drain $6.6 trillion from traditional banks. Meanwhile, investors who make the right moves before the wealth transfer begins could make up to 40X by 2032...

Denmark leads an exercise in Greenland, with Russia in mind at a time of tensions with the US

NUUK, Greenland (AP) — Denmark is leading a military exercise with hundreds of troops from several European NATO members in Greenland, a maneuver that coincides with over the Trump administration's desire for U.S. jurisdiction over the vast Arctic territory.

Lennar Shares Are Trading Lower Friday: What's Going On?

Lennar shares are trading lower Friday after the company reported worse-than-expected third quarter financial results on Thursday after the market closed.

October 16: The Day Reagan's Futurist Says Everything Changes - Ad

There are just DAYS remaining before the bombshell announcement George Gilder has been tracking for months. He says this October 16 event could dwarf the $6.5 trillion wealth creation from his Reagan predictions. Three companies are positioned to benefit most.

Trump Slams Report Alleging Hundreds of FBI Agents Were Embedded in Capitol Riot Crowd

President Trump has expressed his indignation over a report suggesting the involvement of 274 undercover FBI agents during the Capitol riot on January 6, 2021.

Asian shares mostly climb after US stocks remained near record levels following the Fed's rate cut

MANILA, Philippines (AP) — Asian shares, led by tech stocks, were mostly higher Thursday after Wall Street indexes churned between gains and losses but ultimately remained near their record levels following the Federal Reserve’s decision to cut its main interest rate.

A Market Set to Explode - Ad

By 2030, US energy storage is projected at $465 billion. That's nearly 75% growth. One small US stock is racing ahead of the curve with government programs and rising institutional backing.

Dan Ives Once Explained What's Wrong With You If You Dread Mondays, Here Is What The Investment Guru Said

Wedbush Securities tech analyst Dan Ives once said that passion, not prestige or money, should drive career choices — indicating that if Mondays feel like a burden, you're likely in the wrong profession.

Will Elon Musk Join Trump Administration This Year? Here's What Betting Markets Are Predicting

Betting markets are buzzing with speculation about Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk potentially joining the Trump Administration by the end of 2025.

Triple-Digit Growth in Energy Storage - Ad

The storage industry is growing fast, and one company is leading the charge with triple-digit revenue growth. With a market cap of only $177 million, the upside could be enormous.

Small Caps Rally, Intel Rockets On Best Day Ever: What's Moving Markets Thursday?

The Russell 2000, which tracks small caps, rallied on Thursday, outpacing large-cap benchmarks as investors piled into interest-rate-sensitive stocks a day after the Federal Reserve cut rates by 25 basis points and signaled more easing ahead

He Spotted 9 Major Tech Convergences - October 16 Is The Biggest Yet - Ad

George Gilder has identified 9 major tech convergences throughout history. Each created massive new wealth for the few who saw it coming. Now he's tracking something he calls "Convergence X" - and he says a bombshell announcement is when it goes mainstream. Three companies sit at the epicenter.

MediaTek Adopts Taiwan Semiconductor 2nm Breakthrough For Flagship Chip

MediaTek partners with TSMC to develop a flagship SoC using the new 2nm process, a major leap for both companies.

The Underdog in a $465B Market - Ad

Tesla, Enphase, and Generac are household names. But the fastest upside rarely comes from the giants. A small US company with 200%+ growth is stepping into the spotlight.

Why Wall Street Could Be Late Again - Ad

The giants already proved the model. Tesla made $10 billion from storage last year. Enphase and Generac booked hundreds of millions. But a smaller US stock is showing even faster growth at a fraction of the size.

One in Five Americans Gets News From TikTok — Up From Just 3% In 2020

A study by the Pew Research Center reveals that TikTok has become a significant news source for one in five Americans.

Luigi Mangione due in court amid double jeopardy fight in UnitedHealthcare CEO’s killing

NEW YORK (AP) — Luigi Mangione is due in court Tuesday as his lawyers push to have his state murder charges thrown out in the killing of . They argue that the New York case and a parallel federal death penalty prosecution amount to double jeopardy.

Ready to Join the Next Class of AI Millionaires? - Ad

90% of new "hot AI stocks" will NOT make it to the next stage. Serious investors trust Weiss Ratings to separate true winners from big talkers. This system has identified 10 AI stocks that are strong buys right now. It's totally free of cost inside this presentation.

Nio, Rivian, Moderna, Meta And Bitmine Immersion: Why These 5 Stocks Are On Investors' Radars Today

On Tuesday, U.S. markets slipped, with the Dow Jones Industrial Average falling about 0.3% to 45,757.90, the S&P 500 retreating 0.1% to 6,606.76, and the Nasdaq edging down 0.07% to 22,333.96.These are the top stocks that gained the attention of retail traders and investors throughout the day.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright systemtrading.ca
Privacy Policy | Terms of Service