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Prediction markets indicate a 70% likelihood of a U.S. federal government shutdown on Wednesday, with odds rising after the Labor Department announced the delay of a key jobs report. Escalating disputes in Congress over spending levels and healthcare subsidies are contributing to the dysfunction. President Trump is scheduled to meet with congressional leaders amidst preparations for potential mass firings of federal employees, a departure from past shutdown precedents.

Prepared by Lauren Mitchell and reviewed by editorial team.