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TSA Shutdown Threatens Holiday Travel Amid Funding Crisis

Wall Street Journal Markets •
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Republican lawmakers are pushing for a national emergency declaration to fund TSA operations as the agency faces a severe staffing shortage during peak travel season. With spring break, Easter, and Passover approaching, millions of travelers are confronting long security lines as Transportation Security Administration workers continue calling in sick. The White House is exploring options to mitigate the impact of what Press Secretary Karoline Leavitt calls a "Democrat shutdown crisis."

Senate Democrats and Republicans are racing to reach a Department of Homeland Security funding deal before a self-imposed weekend deadline, having already missed the previous deadline. The staffing crisis comes as global markets show signs of strain, with the tech-heavy index dropping more than 10% from its recent high. Meanwhile, the Dow Jones Industrial Average is on track for its largest one-month percentage decline since 2022.

Oil prices have surged past $100 a barrel as geopolitical tensions persist. President Trump announced he would pause strikes on Iran's energy sites after Iran allowed several Pakistan-flagged oil tankers through the Strait of Hormuz. Trump described this as a "present" to the U.S., suggesting Tehran is serious about negotiations. Pakistan confirmed indirect talks between Washington and Tehran are underway through messages it is relaying.