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US Government Shutdown: Nothing to See Here?

From blog.commonwealth.com

One of the top headlines on the New York Times website is about how Congress is working to pass a bill to avert a government shutdown later this week, postponing it until after the midterms. Sounds like an important story! Yet when I look at both the Wall Street Journal and the Washington Post, there is nothing to be seen. Strange, that! For those who haven’t been paying attention (which, as we will see, is almost everyone), a stopgap funding bill needs to be passed by Friday to continue paying for the government, because the new fiscal year starts on Saturday. At that point, the old spending authorization expires, ... (full story)

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  • Category: Fundamental Analysis