Moody's Corp – Charm

What the government shutdown could mean for your investments

Cs news10 months ago10 months ago08 mins

The federal government shut down on Wednesday after lawmakers failed to agree on a short-term funding measure ahead of the Oct. 1 deadline. As a result, all “nonessential” government functions will come to a halt, with hundreds of thousands of federal workers finding themselves furloughed or working without pay. Certain essential government services —…

A possible risk to markets from a shutdown getting chatter on trading floors

Cs news10 months ago10 months ago05 mins

Markets have largely shrugged off previous government shutdowns, but this time could prove different if it shows U.S. government ineptitude has fallen to a new low. That could cause rating agencies to reexamine the high, but fragile condition of U.S. credit worthiness. On Monday the Labor Department said it’s preparing a contingency plan for what…