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Topline
The looming threat of a government shutdown this fall may shake up the U.S. economy and stock market, according to economists and strategists, further muddying the macro outlook after last week’s historic downgrade to the U.S.’ credit rating shook the confidence of some investors.
Key Facts
A possible federal government shutdown beginning October 1 would occur “at a particularly inopportune moment” after Fitch ratings agency lowered its grade for some U.S.-issued debt from AAA to AA+, according to Bloomberg economist Anna Wong.
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