Aug 18, 2017

Goldman Sachs: 50% chance of government shutdown

Goldman Sachs believes there is a 50% chance that the federal government will experience a short shutdown next month, according to a note sent out today by firm economist Alec Phillips. Per CNBC:

Presidential approval continues to decline, and is the lowest for any first-term president in his first year in office. Low approval ratings raise legislative risks. In the near term, we believe there is a 50% chance of a brief government shutdown, as the president seeks to solidify support among his base by embracing more controversial positions.
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