Is the stock market affected by the government shutdown

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Would A Government Shutdown Boost the Market? | nihoyuyipe.web.fc2.com

Congress must pass legislation — and President Trump must sign it — by April 28 to appropriate money to fund government operations and agencies.

That may be easier said than done.

The House of Representatives could simply pass a continuing resolution to fund the government at current levels, but that might not pass muster with the conservative House Freedom Caucus. In addition, any funding bill requires 60 votes to pass in the Senate. Inclusion of budget priorities favored by House Republicans and President Trump — increased defense spending, money to build a wall along the U.

Soon after, both houses of Congress approved a proposal to fund the government and President Obama signed it into law. It is estimated that the U. For investors, the good news is that government shutdowns historically have had limited impact on the stock market.

Ready or not, a government shutdown may soon be upon us. So, folks, get ready for absolutely no noticeable difference. However, the nation did notice and demanded that Congress act. Follow OppFunds for more news and commentary.

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Does the Stock Market Care About Government Shutdowns? - nihoyuyipe.web.fc2.com

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How A Potential Government Shutdown Could Affect Financial Markets | International Business Times

No Impact on Essential Services End times are here, right? Government shutdowns are not without precedent.

The government has shut down 13 times since modern Congressional budgeting began in , with shutdowns lasting an average of 5. The most recent shutdown, in September , lasted 16 days.

Essential government functions will continue to operate on April 29 and beyond. These include, but are not limited to, air-traffic control, border patrol, federal prisons, the power grid, mail delivery, disaster relief, food-safety inspections, military, and tax collection.

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Seniors will continue to receive their Social Security and Medicare benefits. Veteran benefits, unemployment benefits, and food stamps will be unaffected. Essential workers will stay on the job and receive retroactive pay when Congress eventually agrees on a bill that funds the government.

Non-essential federal workers will be furloughed and non-essential government activities will cease. For example to name a select few , the Justice Department will suspend civil cases; NASA will furlough most of its employees but continue to provide support to the International Space Station; the National Institutes of Health will continue clinical trials but no new trials will be started; the National Zoo will be closed the animals will be fed ; and national parks will be closed.

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