Goldman Sachs (GS) has issued a warning about the high likelihood of an impending US government shutdown, with a predicted 90% probability. The shutdown could potentially commence on October 1, 2023, as reported on Wednesday.
GS highlights the minimal progress in arranging a funding extension past September 30, 2023, despite the remote possibility of Congress achieving such an extension. The financial institution emphasizes the pressing time constraints faced by lawmakers.
Even if a temporary funding resolution is achieved, GS suggests that another shutdown may surface in the fourth quarter of 2023. This would add further uncertainty to an already tense fiscal situation in the United States.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
Read the full article here