Prediction markets are indicating a 70% chance of a government shutdown on Wednesday, with bets increasing after the Labor Department announced it won’t release Friday’s key jobs report in case of a shutdown. Congress is deadlocked over spending levels, with Democrats pushing for Affordable Care Act extensions and Republicans delaying the debate.
President Trump is set to meet with congressional leaders to discuss averting a shutdown after directing federal agencies to prepare for mass layoffs if a deal is not reached. This move would break from past shutdown precedent of furloughing employees rather than permanently laying them off.
Read more at CNBC: Odds of a government shutdown rise to 70% in prediction markets
