The Senate votes to reopen government. The deal will extend government funding through January. The bipartisan bill still needs to pass the House and get signed by President Trump before the government can reopen.

Federal Reserve Bank of St. Louis President Alberto Musalem said he expects the US economy to bounce back strongly early next year. “We’re going to get, I think, a substantial rebound in the first quarter,” he said Monday.

President Donald Trump suggested creating a new, 50-year mortgage plan as a way to encourage young people to buy real estate. The US Director of Federal Housing Bill Pulte said that the agency was working to institute the new housing proposition.

The US faces an unprecedented surge in electricity demand, primarily fueled by the rapid expansion of artificial intelligence data centers, manufacturing reshoring, and the broad electrification of society. “We have increased load, increased demand like we’ve never seen in the last 30 to 40 years,” said Calvin Butler, CEO of Exelon, on the nation’s largest utilities.

US small business sentiment fell slightly in October, based on the NFIB Small Business Optimism Index. Small business owners “report lower sales and reduced profits. Additionally, many firms are still navigating a labor shortage and want to hire but are having difficulty doing so, with labor quality being the top issue for Main Street,” said NFIB chief economist Bill Dunkelberg.

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