Government Shutdown, Followed By Default?
- Tuesday, October 1, 2013, 19:59
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The federal government’s fiscal year officially ended at midnight on September 30. The House and Senate have not been able to reconcile their differences in time to pass a spending bill to fund the federal government into the new fiscal year. Also, the U.S. Treasury claims it will run out of wiggle room after mid-October and will need to have the debt ceiling raised. Are these things to worry about? It depends on who you are, but for investors, probably not.
http://www.forbes.com/sites/brianjacobsen/2013/10/01/government-shutdown-followed-by-default/