Goldman Sachs analysts predict that the U.S. government is "more likely than not" to shut down later this year due to spending disagreements, which could temporarily impact economic growth by reducing it by 0.15-0.2 percentage points per week, with past shutdowns having minimal impact on equity markets.
There is a significant chance of a government shutdown as lawmakers on Capitol Hill are divided on reaching a resolution, with Senator Ted Cruz suggesting that President Biden and Senator Schumer may want a shutdown for political gain.
Former House Majority Leader Eric Cantor advises Republican colleagues not to pursue a government shutdown unless they have a clear plan to come out as winners, citing the failed attempt to block Obamacare in 2013 as a major political headache that did little to hinder its rollout.
There is a possibility of a government shutdown as Congress faces a deadline to pass 12 spending bills, with the most likely scenario being a continuing resolution to extend last year's spending levels for a designated period of time.
Lawmakers in Congress have less than two weeks to reach a deal on funding the government past September 30, and there is a risk of a partial government shutdown if an agreement is not reached. Some GOP groups are discussing a 30-day stopgap spending patch with border security measures attached, but a shutdown is expected to be short-term.
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.
A full government shutdown in the US is likely at the end of the month, which could impact the Federal Reserve's decision to raise interest rates in November, according to analysts at PIMCO.
With just over a week until Congress hits their deadline, the possibility of a government shutdown grows as House Republicans remain divided on spending negotiations.
Summary: Investors shouldn't worry about a government shutdown as it is unlikely to significantly impact the stock market.
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.
The federal government is at risk of shutting down on October 1 if a last-minute spending deal is not reached, potentially leading to delayed paychecks for millions of federal workers and negative effects on the economy, according to the AP.
A potential government shutdown looms as Congress struggles to pass a funding bill by Saturday night, which could result in federal workers going without pay and essential services continuing while non-essential services halt.
The House and Senate are racing against time to prevent a government shutdown on October 1st by attempting to pass a measure to keep the government open for 45 days, but the outcome remains uncertain due to the opposition of extreme right-wing lawmakers.
Congress has four days to fund the government past Sept. 30 to avoid a shutdown, with the House and Senate each working on their own plans.
If Congress fails to act, a potential government shutdown this weekend could harm the U.S. credit rating, according to Moody's. The agency highlighted the U.S.'s weak fiscal planning and dysfunctional budgeting process as factors that may negatively impact its credit rating.
There is a 90% chance of a government shutdown, according to Goldman Sachs, as the deadline looms and little progress has been made in negotiations.
Federal agencies are warning their workers of a possible government shutdown, where employees may not receive pay, if Congress fails to reach a funding deal by the end of September 30th.
Goldman Sachs' top economist does not believe that Congress will be able to come up with a plan to avoid a government shutdown on Sunday.
The Senate voted 76-22 to keep a six-week government funding measure on track to pass this weekend, but it looks increasingly likely the federal government will shut down when funding runs out Saturday.
The U.S. government is facing a potential shutdown if Congress does not resolve a deadlock by this weekend, which would result in furloughs or unpaid work for federal workers and military employees, but experts believe the impact on the economy and stock market will be short-lived.
The Republican-controlled House attempts to pass a short-term spending measure with funding for 30 days to avert a federal government shutdown, while the Senate bill offers more time but lacks the same level of spending cuts.
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.
Summary: The potential government shutdown in the US is unlikely to have a significant impact on the stock market, as historical data shows that market returns have been relatively unaffected in the past, and the economic effects of a shutdown are limited with most government workers continuing to receive pay. However, a prolonged shutdown could complicate the Federal Reserve's efforts to control inflation and implement monetary policy changes.
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.
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 is likely to happen due to the incompetence and dysfunction of House Republicans, according to Democratic Congressman Jamaal Bowman.
A potential government shutdown in the United States could lead to furloughs, paused paychecks, and a significant economic impact, potentially costing upwards of $1 billion a week, while the stock market and interest rates may not be heavily affected.
The US government narrowly avoided a shutdown after Congress passed a last-minute funding bill and President Joe Biden signed it just before midnight, preventing an unnecessary crisis and ensuring the government remains open until at least November 17.
Congress averted a government shutdown by agreeing to 45 days of funding, with Democrats attempting to shut down the government over their desire for increases in Ukraine war funding, while Republicans opposed such funding.
