Weekly Market Thought of the Week – Understanding the Impact of the Government Shutdown

The partial U.S. government shut down started on December 22, 2018, when Congress could not agree on a funding deal to keep it open. The current shutdown is now the longest on record, beating the 21-day record set in 1995. The current shutdown is only a partial one, as Congress has already funded 75% of the federal government until September 2019. An estimated 800,000 federal workers remain without pay until a resolution is reached. Several (but not all) government services are closed, including parts of the IRS and the SEC. Other financial regulatory services remain open to support securities trading and market operations.

Archives

Categories