U.S. stock futures dropped as Congress failed to pass a funding bill, risking a government shutdown.

U.S. stock futures fell on Tuesday as a government shutdown loomed, with Congress deadlocked over funding legislation. Lawmakers had until Wednesday at 12:01 a.m. ET to pass a bill, but no agreement was reached, raising fears of a shutdown that could delay key economic data like the jobs report and CPI. The standoff, driven by partisan divisions over healthcare provisions and spending cuts, unsettled markets and reversed earlier gains. While Treasuries rose and the yen strengthened, corporate news included a surge in EchoStar Corp. on acquisition rumors. A potential shutdown could disrupt federal operations, furlough workers, and impact investor confidence, with broader economic consequences depending on duration.