Washington Panics, Markets Shrug: The Shutdown Reality Check
The government closed its doors this week after the Senate Democrats blocked Republican attempts to pass appropriations bills or a stopgap resolution. While this has captured the attention of the denizens of the nation’s capital, the actual financial capital and labor of the U.S. is likely to proceed as if nothing much has changed.
Shutdowns are not cataclysmic events but accounting quirks with political theater layered on top. The real questions are how long this shutdown lasts and whether President Trump uses the lapse to shrink the federal workforce in ways that allow for a…
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