A federal judge’s preliminary injunction, issued October 13-14, continues to block enforcement of the Trump administration’s September press credential revocations targeting CNN, MS NOW, and Politico while their First Amendment and due process lawsuit proceeds. The ruling by U.S. District Judge Timothy Kelly found the September ban likely retaliatory and viewpoint-based, rejected post-hoc national security justifications, and preserved access pending further litigation. The Justice Department promptly appealed, signaling continued legal engagement rather than defiance of the order. With the injunction in effect and no reported violations or contempt motions filed in the ensuing days, traders see limited basis for a contempt finding against administration officials by the October 31 deadline. The short remaining window and ongoing appeals process further reduce the near-term probability of such an outcome.