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.
### 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.
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.
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 impending federal shutdown, combined with other economic challenges such as rising gas prices, student loan payments, and reduced pandemic savings, is expected to strain American households and potentially weaken economic growth in the last quarter of the year.
A potential government shutdown in Washington could have far-reaching consequences, causing financial losses for millions of people, disrupting medical research and food access, delaying regulatory efforts, and hampering the Biden administration's agenda on energy, climate, and infrastructure.
A government shutdown on October 1 is likely, but it is not expected to have a significant impact on financial markets or cause an economic recession.
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.
A government shutdown due to a short-term spending bill will cause financial hardship for federal employees and contractors, but there are steps they can take such as contacting their landlord or mortgage loan servicer for assistance.
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.
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 potential government shutdown could have significant economic and social consequences for the Washington, D.C. region, impacting small businesses, tourism, and the local social safety net, especially if the shutdown lasts for an extended period of time.
The near-shutdown of the U.S. government highlights the dysfunction and inability of Congress to pass essential laws and fund the government, raising concerns about its ability to function effectively.
