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Goldman Sachs says a 2 to 3 week November US government shutdown is its base case

Goldman Sachs notes after the US House elected a speaker. Finally. The election of a speaker does not substantially change our view on a shutdown in Q4. While operating under a temporary speaker created uncertainty, if the November 17 deadline had been reached with only a temporary speaker, the most likely outcome would have been another temporary extension, we think. With a newly elected speaker, it seems likely that House Republicans will press to cut spending by up to $120bn, which will make... Read More

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Posted: Oct 25 2023, 23:39

Author Name: forexlive

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