Stocks surged on Friday after Senate Minority Leader Chuck Schumer said he'll support a GOP spending bill, helping the government avoid a shutdown.

Stocks ended sharply lower again last night, pulling the S&P 500 into correction territory, defined as 10% pullback from a recent high, in the fastest such move since the Covid pandemic and the seventh-fastest since 1929.

What happens to federal employees, air travel and tax filing if lawmakers don’t pass new funding legislation by the weekend deadline?

The odds that the federal government will shut down Saturday morning have risen in recent days as a growing number of Senate Democrats have said they can’t go along with a Republican plan that funds government programs through September.

Typically during a government shutdown, hundreds of thousands of federal workers, those deemed nonessential, are furloughed, or sent home without pay. They are reimbursed when they return. But this year isn't normal: Government workers are already hurting amid President Donald Trump's mass firings.