- The US government is more likely than not to shutdown by the end of the month, Goldman Sachs warned.
- But stocks could rebound quickly from any ensuing volatility, stock market experts say.
- Congress has a long history of missing deadlines to pass spending bills.
The US government looks it’s headed for a shutdown as policymakers reach an impasse on the nation’s budget for the next fiscal year. But the stock market’s top strategists aren’t much fazed by that possibility and there’s a high chance investors could come out of the situation doing just fine, experts say.
To avoid a shutdown, Congress needs to pass all 12 of its spending bills for the next fiscal year by September 30, something it’s historically been quite bad at. The last time it passed all of its spending bills on time was in 1997, according to an analysis from Charles Schwab.
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