Core Points - The U.S. House of Representatives is set to vote on a spending bill to end a record-long government shutdown that has lasted 43 days since October 1, affecting hundreds of thousands of federal employees and causing significant disruptions in various sectors [1][4] - The shutdown has led to delays in flights, hindered the release of key economic data, and threatened food assistance for millions of families, with national parks and museums also closed [1][5] - The Congressional Budget Office estimates that a six-week shutdown will reduce fourth-quarter GDP by 1.5 percentage points, resulting in a net loss of approximately $11 billion [1][5] Legislative Developments - The bill includes a controversial provision allowing senators to claim $500,000 if their phone records were collected without their knowledge, which has sparked bipartisan backlash [2][3] - Some Republican lawmakers plan to propose separate legislation to repeal this provision after the government reopens [3] - House Minority Leader Hakeem Jeffries stated that Democrats will continue to push for an extension of healthcare subsidies, indicating that the legislative battle is not over [3] Government Operations - The government will require several days to fully restart operations after the bill is passed and signed by the President, with some agencies potentially not resuming until the following week [4] - Transportation Secretary Sean Duffy indicated that flight restrictions would begin to be lifted within a week of the government reopening, coinciding with the Thanksgiving travel peak [4] Economic Impact - The economic impact of the shutdown is expected to be significant, with estimates suggesting that each week of the shutdown costs the economy between $10 billion and $15 billion [6] - While back pay will be issued to federal employees, the process of recalculating salaries may take time, and some costs associated with the shutdown will be irrecoverable [5][6] - The shutdown has also delayed the release of important economic data, creating a potential data gap that could distort future economic forecasts [6]

Core Points - The U.S. Senate passed a bipartisan funding bill with a vote of 60-40, marking a significant step towards reopening the federal government [1] - The bill is now sent to the House of Representatives for review, with a vote expected as early as November 12 [1] - The bill includes funding for essential services, such as food assistance, and salary payments for federal employees who were furloughed during the shutdown [1] - The omission of the extension of Affordable Care Act (ACA) subsidies from the final text has caused dissatisfaction among the left wing of the Democratic Party [1] - The House has been in recess since mid-September, and the political and economic pressure from the shutdown has prompted Republican leadership to expedite the reopening process [1] - House Speaker Mike Johnson faces internal party challenges in pushing the bill through due to divisions within the Republican Party [1] - Trump's support for the Senate agreement may alleviate some opposition within the House Republican caucus [2] - If passed, the temporary funding bill will provide financial support for key social programs until the end of the 2026 fiscal year [2] - There are warnings that Congress may face another funding deadlock when the new round of funding expires, potentially reigniting disputes over healthcare subsidies [2]