- Thread starter
- #21
The Dems are not taking the foot off the gas
Shut er down boyz
-Geaux
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Treasury Bills Begin To Fear Government Shutdown, Goldman Explains
Yields on very short-dated T-Bills are up notably over the last week hinting at the potential tonight's Cromnibus Bill to fail and the potential for government shutdown therefore looms. Whatever the outcome, Goldman does not expect a prolonged shutdown like the one that occurred in 2013...
As Goldman explains,
Attempts to pass full-year funding legislation for almost all of the federal government appear to be unsuccessful this evening, increasing the risk of a short-term partial shutdown of the federal government for the second time in just over a year. Whatever the outcome, we don't expect a prolonged shutdown like the one that occurred in 2013, because (1) the issues in dispute are not central to the bill and can be more easily addressed, and (2) there appears to be sufficient political support for a short-term (e.g., three-month) measure, even if the year-long measure stalls.
Separately, following a review of the Monthly Treasury Statement (MTS), we are reducing our Q4 GDP tracking from 2.6% to 2.3% in light of lower-than-expected defense spending.
Q: The federal government runs out of funding at midnight, but neither chamber has passed spending legislation. What's going on?
Treasury Bills Begin To Fear Government Shutdown Goldman Explains Zero Hedge
Shut er down boyz
-Geaux
==========================
Treasury Bills Begin To Fear Government Shutdown, Goldman Explains
Yields on very short-dated T-Bills are up notably over the last week hinting at the potential tonight's Cromnibus Bill to fail and the potential for government shutdown therefore looms. Whatever the outcome, Goldman does not expect a prolonged shutdown like the one that occurred in 2013...
As Goldman explains,
Attempts to pass full-year funding legislation for almost all of the federal government appear to be unsuccessful this evening, increasing the risk of a short-term partial shutdown of the federal government for the second time in just over a year. Whatever the outcome, we don't expect a prolonged shutdown like the one that occurred in 2013, because (1) the issues in dispute are not central to the bill and can be more easily addressed, and (2) there appears to be sufficient political support for a short-term (e.g., three-month) measure, even if the year-long measure stalls.
Separately, following a review of the Monthly Treasury Statement (MTS), we are reducing our Q4 GDP tracking from 2.6% to 2.3% in light of lower-than-expected defense spending.
Q: The federal government runs out of funding at midnight, but neither chamber has passed spending legislation. What's going on?
Treasury Bills Begin To Fear Government Shutdown Goldman Explains Zero Hedge