As of November 3, 2025, the U.S. federal government shutdown, which began on October 1, continues with significant impacts across various sectors.
The Congressional Budget Office (CBO) estimates that the shutdown could cost the U.S. economy between $7 billion and $14 billion, depending on its duration. A shutdown ending this week could result in a $7 billion loss, while an eight-week shutdown could lead to a $14 billion loss. The economy faces up to a 2% reduction in GDP for the fourth quarter due to halted government spending on employee wages, procurement, and food assistance programs.
Federal judges have ruled that the Trump administration cannot suspend the Supplemental Nutrition Assistance Program (SNAP) during the shutdown. The U.S. Department of Agriculture (USDA) has been directed to use its $5.25 billion contingency fund and explore additional funding sources to continue providing benefits to the 42 million Americans who rely on SNAP. The administration must report by today on how it plans to comply with these orders.
A federal judge in San Francisco has indefinitely extended an order preventing the Trump administration from firing federal workers during the shutdown. The judge ruled that the layoffs, which affected sectors such as education and health, were likely politically motivated and exceeded the administration's legal authority. This decision follows a lawsuit filed by multiple labor unions claiming the reductions in force are retaliatory and an abuse of power.
The Federal Aviation Administration (FAA) announced that due to a staffing shortage, Orlando International Airport will be without certified air traffic controllers later this week, halting landings. This is part of a broader issue affecting major airports, including Dallas/Fort Worth and Reagan National, where the FAA has issued ground delay programs. Thousands of air traffic controllers and TSA officers are working without pay, leading to significant flight delays and cancellations nationwide.
Despite the ongoing shutdown, major stock indices have shown resilience. As of 10:55 AM UTC on November 3, the SPDR S&P 500 ETF Trust (SPY) is trading at $682.06, up 0.356% from the previous close. The SPDR Dow Jones Industrial Average ETF (DIA) is at $475.67, up 0.177%, and the Invesco QQQ Trust Series 1 (QQQ) is at $629.07, up 0.532%.
The situation remains fluid, with ongoing legal battles and economic repercussions. Further developments are expected as the administration responds to judicial orders and negotiations continue.
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