U.S. Government Shutdown Ends After Record 43 Days — Bill Signed, Agencies Reopen

Fast Summary Card

• The U.S. federal government shutdown ended on November 12, 2025, after 43 days, marking the longest such pause in history. (People.com)
• The Donald Trump administration signed a funding bill late Wednesday evening following the House’s 222-209 vote and earlier Senate approval. (The Guardian)
• The legislation provides full funding for major agencies and restores pay/back-pay to furloughed workers, while critical social programmes like Supplemental Nutrition Assistance Program (SNAP) will receive the necessary funds within 24 hours. (Politico)
• Key issues remain unresolved: the extension of Affordable Care Act (ACA) health-subsidies was delayed until December, setting the stage for a fresh funding showdown. (The Guardian)

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Why It Matters

This shutdown’s end carries significant implications across multiple fronts:

✅ For the economy & markets

• A 43-day shutdown meant nearly 900,000 federal workers furloughed with many more working unpaid. (Wikipedia)
• Critical economic data releases were halted, which had clouded decision-making by the Federal Reserve and other major institutions. (Wikipedia)
• With funding restored, market uncertainty begins to ease — though caution remains since unresolved issues could trigger another disruption. (Fortune)

🔍 For traders & policy watchers

• Government agencies are resuming operations, which means delayed data (jobs, inflation, etc.) will start flowing again — impacting FX, interest-rates, and equities.
• The SNAP payments resumption will ease social-stress signals, but sectors like transport might still face ripple effects from staffing shortages. (Politico)
• The unresolved ACA subsidies issue means budget-risk remains high — any renewed impasse could become a catalyst for volatility. (The Guardian)

🌍 For social and fiscal policy

• Food aid disruption has been significant: millions affected by SNAP payment delays during the shutdown. (Politico)
• The deal provides a temporary fix, but the deeper debate around entitlement spending and subsidies is far from settled — fiscal stress remains.

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Market Reaction

• U.S. stock futures and equity markets responded positively to the reopening news, as risk of immediate funding chaos receded. (Reuters)
• The U.S. dollar initially strengthened on relief, though long-term direction depends on upcoming data and Fed policy.
• Gold and safe-havens may see pressure if clarity returns, but remain sensitive to future budget negotiations.
• Treasury yields could rise as unfunded risk is reduced — but unresolved subsidy fights may offset gains.

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What Traders Should Watch Next

• Data releases: Watch for the backlog of delayed economic reports (employment, inflation, PMI) — these could move FX, interest rates, equities.
• Fed commentary: With clarity returning, the Fed will update its outlook; any hawkish/ dovish tilt will affect rates & USD-pairs.
• ACA subsidy vote: The promised December vote on subsidy extension is a wildcard — market will watch for signals of hardline standoffs or compromise.
• Transport/agency normalization: Staffing and service disruptions (e.g., air-traffic, TSA) remain; delayed normalization could continue to weigh on travel & consumer sectors.
• Next budget deadline: The current funding deal is temporary in parts — the next “must-pass” date could trigger renewed risk.

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🚨 End of Breaking News Report.