Key Takeaways
- The U.S. government agreed an eleventh-hour deal on Saturday night, avoiding a government shutdown over the federal budget
- Hundreds of federal departments were set to shut down, costing the economy’s growth and impacting livelihoods
- The trouble is set to rise again in November, as the bill was only a stopgap measure
On Saturday night, the U.S. government stunned the world by agreeing to a bill that narrowly avoided a government shutdown. Of course, it’s only a stopgap measure until November – but when the bar is this low on Republicans and Democrats working together to get vital measures passed so the economy doesn’t tank, we’ll take what we can get.
After suffering a poor September, the stock market had a mixed reaction to the news – likely recognizing the worst isn’t over yet and a few headwinds on the horizon for the U.S. economy. Bond yields, however, are on the rise again.
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