Back to today’s briefing

Story perspectives

US Government Shutdown Looms, Sparking Market Volatility

10/3/2025

36 4

Summary

Story summary

The risk of United States (US) government shutdown rises as Congress fails to pass budget.
A shutdown occurs when funding isn’t secured, potentially causing unpaid furloughs.
Investors react to the uncertainty, driving US equity volatility.
Delayed jobs data may affect the Federal Reserve's outlook; credibility could suffer, and Union Bank of Switzerland (UBS) notes past shutdowns had limited impact.

1 of 1

Story summary

The risk of United States (US) government shutdown rises as Congress fails to pass budget.
A shutdown occurs when funding isn’t secured, potentially causing unpaid furloughs.
Investors react to the uncertainty, driving US equity volatility.
Delayed jobs data may affect the Federal Reserve's outlook; credibility could suffer, and Union Bank of Switzerland (UBS) notes past shutdowns had limited impact.