meta_pixel
Tapesearch Logo
Log in
WSJ What’s News

What Would It Take to Reopen the U.S. Government?

WSJ What’s News

The Wall Street Journal

News, Daily News

44K Ratings

🗓️ 1 October 2025

⏱️ 13 minutes

🧾️ Download transcript

Summary

P.M. Edition for Oct. 1. As hundreds of thousands of government workers receive furlough notices, lawmakers take to press conferences to point fingers. WSJ White House reporter Natalie Andrews discusses the latest on the shutdown and what it might take to end it. Plus, payroll processor ADP says the U.S. lost 32,000 jobs in September, surprising economists. We hear from WSJ economics reporter Konrad Putzier about what this says about the labor market. And for years luxury housing has been a bright spot in the broader housing market. But now its growth is slowing. Journal residential real-estate reporter E.B. Solomont digs into what’s behind it. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

In today's market, one of the most precious commodities you can add to your portfolio,

0:04.8

is certainty, the kind you get with a multi-year guarantee annuity from American National Insurance Company.

0:11.1

Your money grows at a steady rate, guaranteed, no hidden fees, no market risk, no surprises,

0:17.8

just a bedrock of certainty you can depend on to be there when you need it most.

0:22.7

You can get more details and fund an annuity online at annuities.americanational.com.

0:28.9

You got this.

0:33.7

It's day one of the government shutdown, and the path to reopening looks murky.

0:38.8

Plus, new payroll data gives an unwelcome surprise on the state of the jobs market.

0:44.0

And it's not just your average home buyers, even the luxury housing market is starting to crack.

0:49.2

When luxury buyers and sellers pull back, because they feel some uncertainty, that's an uncertainty that's going to be shared by everyone throughout the market.

0:56.6

It's Wednesday, October 1st.

0:58.5

I'm Alex O'Sullough for the Wall Street Journal.

1:00.4

This is the PM edition of What's News, the top headlines and business stories that move the world today.

1:10.1

Hundreds of thousands of workers across the federal government received furlough notices today,

1:15.2

and it's not clear when or if they'll be coming back to work.

1:18.7

At the center of the debate over a spending deal between lawmakers,

1:22.4

enhance subsidies for Affordable Care Act health insurance plans that are set to expire at the end of the year.

1:28.7

Republicans had pushed to temporarily extend current government funding levels to buy time for

1:33.3

negotiations, but Democrats say they won't vote for any bill that doesn't extend the ACA subsidies.

1:40.3

Top members of each party took to cable news and held press conferences on Capitol Hill today to point fingers.

1:46.9

On Fox News, Vice President J.D. Vance laid out the terms under which he'd be willing to negotiate.

1:52.0

I'd offer right now to the Senate Democrats, I'm happy I will go to the Capitol right now to talk to Chuck Schumer and Senate Democrats about premium support for the Affordable Care Act,

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from The Wall Street Journal, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Wall Street Journal and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.