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The government shutdown costs taxpayers $400 million every day to pay federal employees who are not actively working, totaling $1.2 billion as of Friday, Congressional Budget Office (CBO) data published by Sen. Joni Ernst’s, R-Iowa, office estimates. 

‘Schumer’s Shutdown Shenanigans mean taxpayers will be on the hook for another $400 million today to pay 750,000 non-essential bureaucrats NOT to work,’ Ernst said in comment to Fox News Digital Friday. 

‘Democrats’ political stunt to fight for taxpayer-funded healthcare for illegal immigrants has officially become a billion-dollar boondoggle,’ she added. ‘Enough has to be enough for the radical left. We must reopen the government and get Washington back to work serving veterans, families, and hardworking Americans.’ 

A law passed in 2019 requires furloughed employees receive backpay after a funding agreement is reached and a shutdown ends. The CBO found that the furloughed employees’ daily cost of compensation sits at about $400 million, or a total of $1.2 billion as of Friday. 

‘Using information from the agencies’ contingency plans and the Office of Personnel Management (OPM), CBO estimates that under a lapse in discretionary funding for fiscal year 2026 about 750,000 employees could be furloughed each day; the total daily cost of their compensation would be roughly $400 million,’ a letter from the Congressional Budget Office to Ernst stated Tuesday. The data was released after the Iowa Republican requested CBO provide a data cost breakdown of the shutdown in September as the deadline clock ran out. 

The CBO data largely was based on statistics from a five-week partial shutdown that ran from Dec. 22, 2018, until Jan. 25, 2019, under the first Trump administration, the office noted in its letter to Ernst.

The letter added that the number of furloughed federal employees, which is currently estimated to sit at about 750,000 staffers, could vary by the day ‘because some agencies might furlough more employees the longer a shutdown persists and others might recall some initially furloughed employees.’ 

The government shut down early Wednesday morning after Senate lawmakers failed to reach a budget agreement. House lawmakers had approved a short-term extension of fiscal year 2025 funding earlier in September that aimed to keep the government funded through Nov. 21. 

The Trump administration and Republicans have since pinned blame for the shutdown on Democrats, claiming they sought taxpayer-funded medical benefits for illegal immigrants. Democrats have denied they want to fund healthcare for illegal immigrants, and instead have blamed Republicans for the shutdown.

Fox News Digital reached out to Schumer’s office for comment on the CBO data and Ernst’s remarks but did not immediately receive a reply. 

White House spokesman Kush Desai slammed Democrats as ‘not serious people’ when asked about the CBO data Friday morning. 

‘Democrats are burning $400 million a day to pay federal workers not to work because they want to spend $200 billion on free health care for illegal aliens,’ Desai told Fox News Digital. ‘These are not serious people.’ 

Trump repeatedly has said he did not want a shutdown to unfold, but noted Tuesday as the clock ran out that some ‘good’ could come from it. 

‘A lot of good can come down from shutdowns,’ he told reporters. ‘We can get rid of a lot of things that we didn’t want, and they’d be Democrat things. But they want open borders. They want men playing in women’s sports. They want transgender for everybody. They never stop. They don’t learn. We won an election in a landslide.’ 

The administration is expected to lay off federal employees across various agencies amid the shutdown, with Trump meeting Office of Management and Budget chief Russell Vought Thursday to map out which departments and programs to target for cuts. 

White House press secretary Karoline Leavitt told reporters Thursday that ‘thousands’ of employees will likely be laid off. 

‘Look, it’s likely going to be in the thousands,’ Leavitt said. ‘It’s a very good question. And that’s something that the Office of Management and Budget and the entire team at the White House here, again, is unfortunately having to work on today.’ 

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The FBI says two men have been indicted in connection with an alleged money-laundering scheme tied to Venezuelan dictator Nicolás Maduro’s children.

The indictments come after a years-long investigation that dates back to 2019 when the FBI’s Miami Field Office launched the probe based on indications that Arick Komarczyk opened U.S. bank accounts for Maduro’s children and their U.S.-based associates. Suspicious Activity Reports allegedly showed that Komarczyk received wire transfers from individuals and businesses in Venezuela, according to the FBI.

An undercover operation in 2022 revealed that Komarczyk and his associate, Irazmar Carbajal, agreed to move $100,000 of what the FBI believed to be sanctioned money belonging to members of Venezuela’s government. The FBI said the men moved about $25,000 into the U.S.

The bureau noted that when confronted about the situation, Kormarczyk was not alarmed, rather he called it ‘sexy business.’

FBI Director Kash Patel said money-laundering schemes linked to Maduro were ‘criminal lifelines’ for his regime.

‘Nicolás Maduro is not just another corrupt strongman, he is an indicted narcoterrorist dictator with a $50 million bounty on his head from the United States Department of Justice,’ Patel said in an exclusive statement to Fox News Digital. ‘His regime’s laundering schemes are nothing more than criminal lifelines for a failing dictatorship, and under my leadership, this FBI will continue to choke off every dollar, every account, and every enabler. America will never be a safe haven for Maduro’s blood money.’

On Sept. 25, both Kormarczyk and Carbajal were indicted in Florida. Kormarczyk was indicted on charges of money laundering and conspiracy to commit unlicensed money transmitting, while Carbajal was indicted for conspiracy to commit unlicensed money transmitting.

Carbajal traveled from his home country of Uruguay to the Dominican Republic, but he was deported on Oct. 2. The deportation flight made a layover in the U.S., where Carbajal was arrested, the FBI said. Meanwhile, Komarczyk is believed to be living in Venezuela, according to the bureau.

‘The Maduro regime’s alleged efforts to attempt evasion and conduct money laundering in the United States through third-party individuals will not go unchecked,’ FBI Miami Special Agent in Charge Brett Skiles said in an exclusive statement to Fox News Digital.

‘Komarczyk and Carbajal’s indictments should demonstrate the FBI’s commitment to investigating alleged international money laundering involving [Office of Foreign Assets Control] sanctioned governments and individuals,’ Skiles added. ‘The United States and our financial institutions will never be a safe haven for international corruption and money laundering, particularly for those countries which pose significant risks to our national interests.’

The U.S. does not recognize Maduro as a legitimate leader and the Department of Justice has an active reward for information leading to his arrest and/or conviction.

Patel’s remarks echoed the Trump administration’s condemnation of the Maduro regime.

In July, on the one-year anniversary of an election in which Maduro declared himself the winner, Secretary of State Marco Rubio issued a statement expressing solidarity with the people of Venezuela. He vowed the United States would continue working with its partners ‘to hold accountable the corrupt, criminal and illegitimate Maduro regime.’

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U.S. ambassador to the United Nations Mike Waltz said he believes President Donald Trump’s new Gaza peace plan could represent a ‘once-in-a-generation opportunity for Middle East peace.’

On Monday, Trump released his Gaza peace plan, which Israel agreed to. Despite U.S. criticism of the U.N.’s actions in Gaza, the plan relies on the international body’s assistance. When asked how this would work, Waltz said that the U.S., while working with the U.N. in Gaza, will ‘continue to call it out’ and will ‘demand reforms.’

In an interview with Fox News Digital, Waltz highlighted a key issue with the U.N.: aid delivery in Gaza. The U.N.’s numbers show that nearly 90% of its aid trucks were intercepted by armed groups or crowds of hungry people between May 19 and Aug. 5. The U.S. has pointed to Hamas as the main culprit, saying operatives of the terrorist organization steal the aid to make money by selling it.

‘We can’t have a situation where U.N. agencies — the U.S. pays for about a quarter of their costs — are actually delivering aid in a way that Hamas takes it over. Hamas uses it to make money reselling it on the black market,’ Waltz told Fox News Digital.

The U.S.- and Israel-backed Gaza Humanitarian Foundation, which has been heavily criticized by the U.N., said on Friday that it had delivered more than 178 million meals since starting its operation in May.

Waltz hit the ground running after his appointment to the role on Sept. 19, just days before the international body held its ‘High-level Week.’ During that week, leaders from around the world, including Trump, addressed fellow member states in New York City.

Trump has made it clear that his goal is to be a peacemaker, something Waltz emphasized during his sit-down with Fox News Digital. However, that doesn’t mean he isn’t bringing his own experience to the role.

‘Green Berets are called ‘warrior diplomats.’ We often have a big stick behind us,’ Waltz, who was the first Green Beret elected to Congress, told Fox News Digital.

He compared this ethos to Trump’s handling of Iran over the summer.

‘He gave them opportunity after opportunity to walk away from a weaponized nuclear program, to handover their enriched materials, to engage in diplomacy and when they didn’t, our amazing B-2s went and took it out,’ he said.

Waltz said he was looking to follow Trump and Secretary of State Marco Rubio’s visions to carry out America First policies and ‘make the U.N. great again.’ He said the institution had moved away from its roots and was not acting as a place where everyone from around the world could work out issues, but the U.S. is looking to bring that back.

The other major priority for the U.S. at the U.N., according to Waltz, is to get rid of ‘the bloat.’

‘Like any bureaucracy over 80 years, it has gotten too big, too bureaucratic, and therefore less effective. So I’m not going to say that we’re going to pull the DOGE up here, but we definitely need to make some cuts,’ he told Fox News Digital.

Waltz pointed to a recent vote on Haiti as an example of the U.S. working to achieve results at the U.N. As a former congressman from Florida, he noted that the lawlessness in Haiti has spilled onto U.S. shores. However, Waltz believes the U.N.-backed gang-suppression force will restore law and order, without making the U.S. foot the bill.

‘In line with what the president has demanded, we’re going to share the burden,’ Waltz said. ‘Other countries are involved. Kenya has taken the lead, El Salvador is taking a key role. Other countries are paying for it. It’s not just all on the United States’ shoulders.’

Waltz acknowledged Americans’ skepticism about the U.N., but he argued that it’s essential for the world’s leaders to meet on U.S. soil, and for Washington to remain at the table. He also pointed to the growing influence of international bodies on the American economy through regulation.

‘There’s all these international bodies that can directly affect our economy and our way of life that touch aviation and how we fly around the world, space, telecommunications, radio, data,’ he said. ‘And just as we fight for deregulation in our own federal government, we certainly don’t want global overregulation on many of our industries.’

Waltz stressed that staying engaged globally is critical to protecting U.S. interests and preventing bad actors from filling the void.

‘We have to say engaged, I think, to fight for the values that we hold dear. And if anything, this president is a fighter. We’re going to keep fighting for our way of life,’ Waltz said.

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President Donald Trump on Saturday announced Israel has agreed to the ‘initial withdrawal line’ in Gaza, which the U.S. has shared with Hamas.

Pending Hamas confirmation, the agreement will trigger an immediate ceasefire and exchange of Israeli hostages and Palestinian prisoners.

‘After negotiations, Israel has agreed to the initial withdrawal line, which we have shown to, and shared with, Hamas. When Hamas confirms, the Ceasefire will be IMMEDIATELY effective, the Hostages and Prisoner Exchange will begin, and we will create the conditions for the next phase of withdrawal, which will bring us close to the end of this 3,000 YEAR CATASTROPHE,’ Trump wrote in a Truth Social post Saturday. ‘Thank you for your attention to this matter and, STAY TUNED!’

The announcement comes hours after Israeli Prime Minister Benjamin Netanyahu released a statement Saturday morning noting they were ‘on the verge of a very great achievement.’

‘It is not yet final; we are working on it diligently, and I hope, with God’s help, that in the coming days, during the Sukkot holiday, I will be able to inform you about the return of all our hostages, both living and deceased, in one phase, while the IDF remains deep within the Strip and in the controlling areas within it,’ Netanyahu said.

Netanyahu claimed that after intense military and diplomatic pressure, Hamas was pressured into agreeing to Israel’s proposed plan — rejecting the fact that Hamas had previously been ready to release the Israeli hostages without a full withdrawal from Gaza.

In the first stage of the withdrawal plan, he said Hamas will release all Israeli hostages while the IDF redeploys but maintains control over key strategic areas deep inside the Gaza Strip.

Netanyahu will send his negotiating team, headed by Minister Ron Dermer, to Egypt to finalize the technical details of the hostage release, which he expects to conclude within a few days. 

The prime minister emphasized that both Israel and the U.S. intend to prevent any stalling or delay tactics by Hamas. 

In the second stage of the plan, Netanyahu said Hamas will be disarmed and the Gaza strip demilitarized—either through diplomatic means under the Trump Plan or, if necessary, by military force. 

‘I also said this in Washington: Either it will be achieved the easy way, or it will be achieved the hard way—but it will be achieved,’ he said. 

‘Together, we pushed back our enemies’ plans of destruction. From Gaza to Rafah, from Beirut to Damascus, from Yemen to Tehran, together we have achieved great things,’ Netanyahu added. ‘From victory to victory—we are changing the face of the Middle East together. Together we will continue to act to ensure the eternity of Israel.’

Netanyahu thanked Trump for his assistance in dispatching the B2 planes to bomb the nuclear facility in Fordo, and for his ‘steadfast support.’

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House Speaker Mike Johnson, R-La., said Republicans are winning the messaging war over the ongoing government shutdown and urged his conference to keep the heat on congressional Democrats during a private call with lawmakers on Saturday.

The call came on the fourth day of the shutdown, a day after Senate Democrats again rejected a GOP-led plan to keep federal agencies funded through Nov. 21.

During the call, Johnson and other House GOP leaders urged fellow Republicans to use this next week in their districts to tell constituents about what the ongoing shutdown means for them, Fox News Digital was told.

The House speaker expressed confidence that the shutdown would end quickly if Republicans ‘hold the line,’ Fox News Digital was told, and praised the House GOP’s unity so far amid the fallout.

Johnson also told Republicans toward the end of the call that the House would return only after Senate Democrats voted to reopen the government, a source said.

House and Senate GOP leaders have signaled that they will not budge from their current federal funding proposal, a short-term spending bill called a continuing resolution (CR) that would keep spending levels roughly flat for seven weeks.

That measure passed the House — largely along party lines — on Sept. 19. The House has since been out of session in a bid to put pressure on Senate Democrats to accept the plan.

It is also why Johnson opted on Friday to designate the next week as a district work period, canceling a previously planned legislative session from Tuesday through Friday.

Johnson told House Republicans on the Saturday call that it was the best way to prevent ‘Democrat disruptions,’ Fox News Digital was told. 

No Republicans voiced disagreement with the plan, Fox News Digital was told, signaling the GOP’s unity on the issue.

He told reporters during a press conference Friday morning that the House may not return until Senate Majority Leader Chuck Schumer, D-N.Y., and Democrats agreed with Republicans’ bill.

‘We passed it, and it’s been rejected by the Senate,’ Johnson told reporters during a news conference. ‘So the House will come back into session and do its work as soon as Chuck Schumer allows us to reopen the government. That’s plain and simple.’

Democrats, who were infuriated by being sidelined in the federal funding negotiations, have been pushing for an extension of Obamacare subsidies enhanced during the COVID-19 pandemic. Those enhancements would expire by the end of 2025 without congressional action.

Democrats have also introduced a counter-proposal for a CR that would keep the government funded through Oct. 31 while reversing the GOP’s cuts to Medicaid made in their ‘One Big, Beautiful Bill’ (OBBB).

The counter-proposal would have also restored federal funding to NPR and PBS that was cut by the Trump administration earlier this year.

Republicans have panned that plan as a non-starter full of partisan demands, while pointing out that Democrats have voted for a ‘clean’ measure similar to the GOP proposal 13 times during former President Biden’s time in office.

On the Saturday call, House GOP leaders encouraged Republicans to emphasize that Democrats’ counter-proposal would restore funding for illegal immigrants receiving Medicaid dollars that was cut by the so-called Big, Beautiful Bill, Fox News Digital was told.

Democrats have accused Republicans of lying about that line of attack.

GOP leaders also emphasized on the call that military members are not paid during government shutdowns, urging Republicans to make that point in their districts, while also warning that federal flood insurance funding is also in danger of drying up.

Fox News Digital was also told that House Majority Leader Steve Scalise, R-La., said the next important date in the shutdown fight would be Oct. 15, the date of servicemembers’ next paycheck — which they could miss if the shutdown is ongoing.

Senate Democrats have now rejected the GOP’s funding plan four times since Sept. 19. The Senate is expected to next vote on the bill again on Monday.

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Iran reportedly executed six prisoners Saturday who the regime claimed carried out deadly attacks in the country’s oil-rich southwest on behalf of Israel, marking the latest surge in executions that rights groups say have reached levels unseen in decades.

The six executions were reported by The Associated Press, as well as Iranian news agency Mizan. 

A seventh prisoner, accused of killing a Sunni cleric in 2009, along with other crimes, was executed in Kurdistan province. 

Saturday’s executions follow the 12-day Iran-Israel war in June, which ended with Tehran vowing it would target its enemies at home and abroad.

According to Amnesty International, Iranian authorities have executed more than 1,000 people so far in 2025, the highest annual figure recorded by the group in at least 15 years.

Iran said the six men linked to Israel killed police officers and security forces, as well as orchestrated bombings targeting sites around Khorramshahr in Iran’s restive Khuzestan province. Iranian state television aired footage of one of the men talking about the attacks, saying it was the first time the details were being made public.

A Kurdish group called the Hengaw Organization for Human Rights said the six were actually Arab political prisoners who had been arrested during the 2019 protests. Hengaw said Iran accused them of having links to the Arab Struggle Movement for the Liberation of Ahvaz, a separatist group blamed for pipeline bombings and other attacks in the region.

The group insisted the men were tortured and forced into giving televised confessions under duress.

The seventh prisoner, Saman Mohammadi Khiyareh, a Kurd, was convicted over the 2009 assassination of Mamousta Sheikh al-Islam, a pro-government Sunni cleric in the Kurdish city of Sanandaj.

Activists have questioned Khiyareh’s case, noting he was only 15 or 16 at the time of the assassination, was arrested at 19 and was held for more than a decade before his execution. His conviction, they said, relied on confessions extracted under torture — a practice activists accuse Iranian courts of using regularly.

The number of state executions has drastically escalated since President Massoud Pezeshkian took office in July 2024. At least 975 people were executed in 2024, according to figures from the United Nations. Pezeshkian answers to Supreme Leader Ayatollah Ali Khamenei, who holds ultimate authority in the country.

Iran has been putting prisoners to death at a pace unseen since 1988, when it executed thousands at the end of the Iran-Iraq war.

Independent U.N. human rights experts have sounded the alarm about the sheer number of executions, calling it ‘a dramatic escalation that violates international human rights law,’ according to a recent press release from the Office of the High Commissioner for Human Rights.

‘With an average of more than nine hangings per day in recent weeks, Iran appears to be conducting executions at an industrial scale that defies all accepted standards of human rights protection,’ the body said.

The Associated Press and Reuters contributed to this report

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Japan is on track to get its first female prime minister after the leading conservative party elected Sanae Takaichi as its new leader. 

Takaichi, the former economic security minister of Japan, beat Agriculture Minister Shinjiro Koizumi, the son of popular former Prime Minister Junichiro Koizumi, in a runoff in an intraparty vote on Saturday by the ruling Liberal Democratic Party.

Takaichi is replacing Prime Minister Shigeru Ishiba as the party looks to regain public support and stay in power. 

Despite suffering major election losses, the Liberal Democratic Party remains by far the largest in the lower house and determines Japan’s leader because opposition groups are highly splintered.

In the first round of voting, Takaichi finished first with 183 votes and Agriculture Minister Shinjiro Koizumi placed second with 164. Because neither candidate reached a majority in the first round, the winner was determined in an immediate two-way runoff. 

The LDP, whose consecutive losses in parliamentary elections in the past year have left it in the minority in both houses, sought a leader who can quickly address challenges both domestic and international, while seeking cooperation from key opposition groups to implement its policies.

Takaichi, a hard-line conservative who’s cited former British Prime Minister Margaret Thatcher as her hero, has called for strengthening Japan’s military, and taking a tougher stance against China and North Korea. She also opposes same-sex marriage and retains ties to nationalist groups. 

Takaichi also faces a possible summit with President Donald Trump, who could demand that Japan increase its defense spending. A meeting is reportedly being planned for late October. Trump will travel to the Asia-Pacific Economic Cooperation summit in South Korea starting Oct. 31.

The LDP also needs help from the opposition, which it has long neglected. The party will likely look to expand its coalition with the moderate centrist Komeito with at least one of the key opposition parties, which are more centrist.

A parliamentary vote is expected in mid-October.  

The Associated Press contributed to this report.

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Senate Democrats blocked Republicans’ attempt to reopen the government again, all but guaranteeing that the government shutdown rolls through the weekend.

After a day off to observe Yom Kippur, lawmakers made little progress in finding an off-ramp to end the shutdown, which entered its third day on Friday. And as the government remains closed, both sides appear to be digging further into their positions.

Senate Republicans’ attempt to reopen the government failed on a largely party-line 54-44 vote for a fourth time, with the same trio of Senate Democratic caucus members — Sens. John Fetterman, D-Pa.; Catherine Cortez Masto, D-Nev.; and Angus King, I-Maine — joining most Republicans in backing the bill.

Senate Majority Leader John Thune, R-S.D., plans to bring the bill to the floor again and again in a bid to chip away at Democrats’ largely unified front. He lamented the work that could be happening, like advancing spending bills and negotiating other bipartisan priorities, on the Senate floor rather than repeating the same exercise of trying to reopen the government. 

‘They have taken hostage the federal government and, by extension, the American people, who are the only losers in this,’ Thune said. ‘Everybody’s talking about who wins and who loses and who gets the blame. That’s not what this is about. This is about doing what’s in the best interest of the American people. And what’s in the best interest of the American people is keeping the government open and operating so it can continue to work on their behalf.’ 

Senate Democrats, led by Senate Minority Leader Chuck Schumer, D-N.Y., demand that they get a seat at the table to negotiate a bipartisan continuing resolution (CR).

Their main rallying cry has been pushing for an extension to expiring Obamacare tax credits, which Senate Republicans have said they would consider only after the government is reopened. While the credits don’t expire until the end of the year, Democrats argue that if Congress doesn’t act now, people who use Obamacare will see their healthcare premiums skyrocket.

‘We know Americans want this, and we know many of my Republican colleagues want this as well,’ Schumer said. ‘But failure to act would be devastating. And Republicans know it. Even Donald Trump knows it. He talked about it a little bit with us in the White House.’

When asked if the pressure would mount to a point where Democrats cave, Sen. Gary Peters, D-Mich., told Fox News Digital, ‘We’re on the right side of history right now.’

Republicans largely agree it is an issue that should be dealt with, but they also want reforms in the program rather than the blanket, permanent extension that Democrats suggested in their counter-proposal.

Some Democrats also view the shutdown as a way to stand up to President Donald Trump.

‘The truth is, we shut down the government because Republicans wouldn’t negotiate, because Donald Trump wants to shut down,’ Sen. Chris Murphy, D-Conn., said. ‘He’s just bragging in the Oval Office about how good a shutdown will be for him. And we’re going to talk about the consequences of Republicans continuing to push these giant healthcare increases on people and the consequences of a lawless president.’

The administration is not resting on its laurels either and has targeted funding in blue cities and states, along with threats of mass firings beyond the typical furloughs of nonessential federal employees to get congressional Democrats to blink.

Office of Management and Budget Director Russ Vought announced Friday that $2.8 billion in Chicago infrastructure project funding would be put on hold to prevent ‘race-based contracting,’ a move that came on the heels of $18 billion in infrastructure money in New York City and $8 billion in ‘Green New Scam’ funding from going to 16 blue states being withheld earlier this week.

Thune argued that the administration is what Democrats ‘have wrought’ by continuing to withhold their votes. 

‘They are allowing the administration to do the very thing that, back in March, they said they didn’t want to give them the authority to do,’ he said. ‘And that’s to make decisions just like that. But that’s what’s going to happen.’ 

Meanwhile, bipartisan talks are brewing in the background, though no real deal nor compromise has materialized.

There have been suggestions of extending the credits for another year after the government is reopened or doing a shorter CR to match up with the beginning of open enrollment on Nov. 1. But Republicans engaged in talks are more keen to keep the government open until at least Nov. 21 to allow appropriators to finish their work on spending bills.

‘Nobody’s married to any of this, but we’ve got to get the 45 days in effect first,’ Sen. Mike Rounds, R-S.D., said. 

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The silver price kept surging on Friday (October 3), breaking US$48 per ounce.

The white metal last reached this level in 2011, the same year it nearly hit US$50 for only the second time in history. Silver’s first run to the US$50 level came in 1980, when the Hunt brothers attempted to corner the market.

Silver price chart, December 31, 2024, to October 3, 2025.

Known for lagging behind gold before outperforming, silver is now ahead of its sister metal in terms of percentage gains — it’s up close to 60 percent year-to-date, while gold has risen around 47 percent.

Still, silver remains below its all-time high, while gold continues to set new records — it’s been closing in on US$3,900 per ounce this week, buoyed by the US government shutdown.

Gold is also seeing underlying support from strong central bank buying, global geopolitical uncertainty, concerns about the US dollar and other fiat currencies and expectations of lower interest rates.

Silver acts as both a precious and industrial metal, meaning that it’s driven by many of the same factors as gold, but also has additional sources of demand. According to the Silver Institute, industrial demand for silver reached a record 680.5 million ounces in 2024, driven by usage in grid infrastructure, vehicle electrification and photovoltaics.

Total silver demand was down 3 percent year-on-year in 2024, but still exceeded supply for the fourth year in a row, resulting in a deficit of 148.9 million ounces for the year.

Watch five experts share their thoughts on the outlook for silver.

As silver gets closer to surpassing its all-time high, investors are wondering about its long-term prospects.

While many experts have lofty expectations for silver, including triple-digit price predictions, there’s a broad consensus that the white metal may correct before continuing on upward.

However, there’s also recognition that silver’s situation today is different than it was previously.

‘If you have something happen with the supply, and then on top of that at some point you’re running into issues with debt loads and currencies, that would certainly leave us probably into a much different environment for silver than either 1980 or 2011,’ said Chris Marcus, founder of Arcadia Economics.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

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House Democrats’ campaign arm is rolling out new ads to pressure Republicans to return to the negotiating table as the 2025 government shutdown is poised to enter its second week.

Democrats have sought to make the ongoing standoff into a healthcare fight, with House Minority Leader Hakeem Jeffries, D-N.Y., and Senate Minority Leader Chuck Schumer, D-N.Y., insisting their caucuses will not vote for a funding bill that does not include an extension of expiring Obamacare subsidies enhanced during the COVID-19 pandemic.

The Democratic Congressional Campaign Committee (DCCC) is investing in a four-figure ad buy across 13 districts where Democrats believe they can hold or flip seats in the 2026 midterms.

The ads point out that ‘Republicans control the government’ and say, ‘They just shut it down.’ The ads in Democrat-held districts say lawmakers there are ‘protecting affordable health care.’

Three of those districts are held by Republicans, while 10 are held by Democrats.

Both the House and Senate are out this weekend after the upper chamber tried and failed for a fourth time on Friday to advance the GOP’s plan to fund federal agencies through Nov. 21.

The bill, called a continuing resolution (CR), is an extension of fiscal year (FY) 2025 federal funding levels, which also include $88 million in security spending for lawmakers, the White House and the judicial branch amid a heightened political threat environment.

Democrats have argued that Americans who rely on the enhanced Obamacare subsidies are in imminent threat of seeing their health care premiums skyrocket if not dealt with in this measure.

The Obamacare subsidies were given a temporary enhancement during the COVID-19 pandemic under former President Joe Biden’s American Rescue Plan, and later extended through 2025 under his Inflation Reduction Act.

Republican leaders have said they are willing to discuss reforming and extending the subsidies at a later date, while accusing Democrats of holding the government hostage at the expense of vulnerable Americans who rely on federal services.

‘Vulnerable House Republicans shut down the government because they don’t care about working Americans having access to affordable health care,’ DCCC spokesperson Nebeyatt Betre told Fox News Digital. ‘While Republicans create a health care crisis, House Democrats will keep working to lower Americans’ health care costs. Make no mistake: vulnerable House Republicans own this shutdown, and the DCCC is making sure voters know who to blame.’

House Republicans’ campaign arm, meanwhile, released an ad earlier this week on the heels of the government shutting down at midnight on Wednesday.

Their own ads, also a four-figure investment, accused Democrats of refusing to ‘fund the government’ at the expense of military paychecks, veterans, farmers and small businesses.

Republicans have been pointing to Democrats’ counter-proposal for a CR as proof that Democrats are fighting to restore health care for illegal immigrants. The left’s plan called for repealing the health care changes made in the GOP’s ‘One Big, Beautiful Bill,’ which, among other measures, tightened restrictions on who can access Medicaid.

Democrat leaders have denied fighting for illegal immigrants, however.

‘Out of touch Democrats shut down the government to bankroll handouts for illegal immigrants and appease their radical base. Voters won’t forget who betrayed them, and the NRCC will make sure Democrats pay the price,’ NRCC spokesman Mike Marinella told Fox News Digital at the time.

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