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A Government Shutdown Is Looming and That’s Not All Congress Has on Its Plate. Here’s What to Know.

Barrons2021-09-29

Congress has a lot on its plate this week. The federal government is facing a looming shutdown, the debt ceiling needs to be raised or the country soon won’t be able to pay its bills, and two spending...

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  • Residue
    ·2021-10-02
    👍🏻
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  • Dreamchaser9
    ·2021-09-29
    Ok
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  • SGboy
    ·2021-09-29
    Debt ceiling and many more thing need to settle, wait till 10 Oct, hope all dust settle, the Stock will start function Normally. --- Up Up Up.🐃🐂
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  • Betterjob
    ·2021-09-29
    US is spending beyond its means and until they become prudent the problem will not be solved. The offshore US$ bonds mainly in the hands of China is another problem. 
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  • KCmax
    ·2021-09-29
    Please like my comment, thank you 🙏🏻 
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  • Greg2021
    ·2021-09-29
    Come on guys, quickly reach an agreement and move on!
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  • winsolutions
    ·2021-09-29
    What's the point of seeking approval then? Is  BS full of actors and actresses fooling the public. Boring movie.[鬼脸] 
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  • JcJc
    ·2021-09-29
    😱 
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    收起
    • 滚股怪
      Watching
      2021-09-30
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  • Universe宇宙
    ·2021-09-29
    What's at stake:The U.S. Treasury will run out of money to pay its financial obligations by mid-October, if lawmakers do not reach an agreement on raising the debt ceiling by then. This would mark the nation's first-ever debt default and roil the financial market.What's the holdup: The U.S. government spends more than it brings in via taxes and other revenue, so it must borrow huge sums of money to pay its bills. But there is a cap on the total amount of money it can borrow, and any debt beyond that needs to be authorized by Congress.Either cut spending or print more money?Print more money, money value drop.Money value drop, goods become expensive.Goods become expensive, inflation rise.Inflation rise, interest rate will rise.Interest rate rise,  stocks go down further.If inc
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  • No need to be alarmed..it will get sorted out eventually. Buy the dip!
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  • Short
    ·2021-09-29
    Government shutdown sounds like a yearly thing… In a couple of days they are open again… unpaid leave for the government employees
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  • 老Uncle
    ·2021-09-29
    R   I   P  ☠️
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