A Historic Government Shutdown
The U.S. government is in Day 24 of a partial government shutdown, which is now the longest in U.S. history. The closure reached an inflection point on Friday, when government workers’ first payday during this closure passed without a paycheck.
While past shutdowns have largely been a nonevent for the U.S. economy, the current shutdown has lasted for an unprecedented amount of time, and there is still no end in sight. As of now, we believe this shutdown will have limited long-term ramifications for economic growth, but it’s important to recognize that we’re in uncharted territory.
Another Headwind... Read more