A potential government shutdown could have limited impact on the stock market, but could reduce economic growth by 0.15 percentage points per week and potentially cut 1.2 percentage points from fourth-quarter growth; however, the market tends to be unaffected by shutdowns and is more influenced by corporate developments and macroeconomic factors.
### Summary
The impending government shutdown due to a funding dispute between hard-right lawmakers in the House and Democrats could affect various government functions and services, causing delays and closures in areas such as air travel, national parks, and food safety inspections.
The White House warns that a government shutdown at the end of the month could have damaging consequences for the economy, national security, and the American public.
The US government faces a potential shutdown if Congress fails to agree on funding past September 30, which would be the first shutdown since December 2018 and could result in a longer standoff between parties.
Millions of federal employees and military personnel face the prospect of a government shutdown, which would result in financial hardships for American families, disruptions in services, and potential harm to the economy.
Investors should not be overly worried about the potential government shutdown's impact on the market, as historical trends indicate that any weakness will likely be a buying opportunity from a short-term trading perspective.
Conservative GOP Representatives Matt Gaetz and Marjorie Taylor Greene may face detrimental political consequences if their push for a government shutdown is successful, according to Rep. Jamie Raskin. Raskin believes that the shutdown plan is orchestrated by former President Trump and warns that participating in it could end their political careers.
The federal government is likely to face a shutdown that will affect various services, disrupt workers' pay, and create political turmoil as Republicans demand deep spending cuts.
The U.S. travel economy stands to lose nearly $1 billion per week during a government shutdown, as six in 10 Americans would cancel trips or avoid flying, according to analysis by the U.S. Travel Association. The previous government shutdown in 2018-2019 cost the economy $11 billion, with national parks, monuments, and tourism-dependent towns taking a significant hit. Closure of government-run museums and monuments in Washington, D.C., during a shutdown also leads to substantial economic losses. The hassle of traveling is exacerbated, further discouraging tourism and spending.
Google searches about the potential government shutdown in the US are increasing, with a particular interest in how it would affect Social Security, veterans' benefits, and the US dollar.
A U.S. government shutdown would negatively impact its credit assessment and highlight the weakness of its institutional and governance strength compared to other top-rated governments, according to Moody's, although the economic impact would likely be short-lived.
A government shutdown in the US may cause the Federal Reserve to delay an interest rate hike and could impact the recent strength of the dollar, analysts have warned. The shutdown could also lead to a delay in key inflation data, which would affect Fed policy decisions, and may put pressure on consumer spending.
The federal government is on the verge of a shutdown, with potential consequences for various areas of governance.
A government shutdown could have dangerous consequences for the nation's cyber defenses and efforts to combat violent crime, warns Deputy Attorney General Lisa Monaco.
The possibility of a government shutdown in the U.S. could have negative implications for the crypto industry's regulatory progress and projects, similar to the effects seen in the previous shutdown in 2018 and 2019, with delays in approvals and a withdrawal of a bitcoin ETF application.
The impending government shutdown may have an impact on the financial markets, according to Kristina Hooper, Chief Global Market Strategist at Invesco.
A brief government shutdown is unlikely to significantly slow down the economy, but a prolonged shutdown could hurt growth and potentially impact President Biden's re-election prospects.
A government shutdown in the U.S. could cause significant disruptions in the stock and bond markets, with the Securities and Exchange Commission being forced to furlough most of its staff and leaving the market oversight at a "skeletal" crew level.
A government shutdown is unlikely to have a negative impact on the stock market, as historical data shows that shutdowns have not affected markets in the past.
A government shutdown would severely impact the U.S. Securities and Exchange Commission's ability to approve IPOs and respond to market turmoil, according to its chair, Gary Gensler.
The White House has warned that the partial shutdown of the US government could hinder almost 2,000 long-term disaster recovery projects, impacting communities across the country.
Summarizing the text given, the US is preparing for a government shutdown as the funding deadline approaches, with potential consequences including delays in work authorizations for migrants, impacts on the Federal Aviation Administration, uncertainty in the House regarding a procedural vote, and concerns about the effects on small businesses and border security.
Lawmakers in the United States have less than 48 hours to prevent a government shutdown, which would have significant negative impacts on various sectors, including aid for babies, pay for military members, and the operation of national parks.
A government shutdown is looming as lawmakers have until the end of the day Saturday to reach a deal or the U.S. will face one of the largest government shutdowns in history, impacting millions of workers and services.
U.S. Treasury Secretary Janet Yellen warns that a potential government shutdown would harm economic progress, impacting key programs for small businesses and children and delaying infrastructure improvements.
A government shutdown could lead to disruptions in food aid, air travel, and financial markets, and increase the risk of cyber attacks on critical financial infrastructure, according to Karen Petrou of Federal Financial Analytics Inc.
A government shutdown in Virginia could have significant political consequences, potentially impacting the balance of power in the state and shaping Governor Glenn Youngkin's national ambitions.
