Financial Markets Slump as US Government Shuts Down
kenhuculak754Financial markets slumped as the US government shuts down, albeit partially, for the first time in almost 2 decades with as many as 800K federal employees taking no pay leaves. If the congress still fails to raise the debt ceiling by October 17, it would debt default for the first time in history. The IHS estimated that the shutdown would cost the country at least US$300M in lost economic output at the start compared with the country’s economy of US$15.7 trillion.
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Financial Markets Slump as US Government Shuts Down
