Tourists walk past the U.S. Capitol more than a month into the continuing U.S. government shutdown in Washington, D.C., U.S., Nov. 7, 2025. Nathan Howard | Reuters
This is CNBC's Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Here are five key things investors need to know to start the trading day:
1. Light at the end of the tunnel?
All eyes were on Capitol Hill last night when the Senate approved the first step of a deal that could end the federal government shutdown. Effects of the 41-day closure escalated in the last week, as the FAA ordered airlines to cancel some flights and as the Trump administration refused to fund food stamps. Here's the latest: A group of eight Democratic Senators broke with party leadership to vote yes on the agreement that would fund the government through January. The procedural measure passed with a vote count of 60-40.
The package doesn't include an extension for enhanced Affordable Care Act tax credits, which Democrats made a lightning-rod issue during the shutdown. However, it contains a guarantee by Republicans for a vote on the matter next month.
The measure's passage sets up more votes on the agreement starting today. The House of Representatives and President Donald Trump will also need to sign off on the deal to officially end the shutdown, which is now the longest in American history.
Transportation Secretary Sean Duffy warned earlier Sunday that U.S. air travel would be slowed to "a trickle" ahead of Thanksgiving after the Trump administration ordered the cancellation of hundreds of flights amid the shutdown.
The Department of Agriculture, meanwhile, told states not to issue full SNAP benefits for this month and said it would slap penalties on any that didn't "undo" full payments already made.
The Supreme Court on Friday temporarily paused a federal judge's order directing the Trump administration to fully fund food stamps for November.
2. Bridge over troubled water
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