Greetings N2K reader!

This week’s world famous News Haiku^TM competition theme is that Peloton is recalling 833,000 Bike+ units after seat post failures that hurt people’s butts (and other bits). Send me your entry — to our spiffy new email address, haiku at cheddar dot com — by noon ET on Thursday for consideration by your Cheddar peers. And now for something completely different.

—Matt Davis, Need2Know Chedditor

News You Need2Know

What’s the stock market up to, eh?

$SPX ( ▲ 1.54% )   $DJI ( ▲ 0.81% )   $NDX ( ▲ 2.27% )

Companies mentioned in today’s newsletter

  $BRK.B ( ▼ 0.42% )   $SPX ( ▲ 1.54% )   $DAX ( ▲ 1.36% )   $CAC40 ( 0.0% )  

What’s in the bill to end the federal government shutdown?

The federal government shutdown, the longest in U.S. history, may soon come to an end as key legislation moves forward in Congress. A bipartisan deal is in the works to fund the federal government temporarily, ensure backpay for furloughed workers, and provide critical funding for programs like SNAP.

Although the package is expected to pass the Senate and move to the House, its provisions have drawn mixed reactions from lawmakers.

“This shutdown has gone on far too long,” said Sen. Susan Collins, Republican of Maine, chair of the Appropriations Committee. She highlighted the inclusion of funding for several government operations, such as agricultural programs and Veterans Affairs, through 2026 as a positive step. “It would be wonderful if we get the full-year Veterans Affairs bill signed into law,” she added.

However, significant disagreements persist regarding healthcare subsidies. Senate Democrats had pushed to extend these Affordable Care Act subsidies, which help about 24 million Americans with insurance costs, but the issue was deferred for a December vote. “The American people want us to stand and fight for health care,” said Sen. Elizabeth Warren of Massachusetts.

Democrats had strong showings in the recent election cycle and analysts have credited their messaging on the shutdown, affordability and tariffs as among the reasons.

Song of the day: Mavis Staples, ‘Sad and Beautiful World’

Mavis Staples has been singing for over seven decades, traveling as a performer during the Jim Crow era, and helping soundtrack the Civil Rights movement. She’s 86 and just produced this latest new album. Enjoy.