House of Representatives considers a government expenditure bill with border wall finance and so sets up a shutdown stalemate with Senate.

Laura Hermes

2018-12-23 13:39:00 Sun ET

The House of Representatives considers a government expenditure bill with border wall finance and therefore sets up a shutdown stalemate with Senate. As frenetic negotiations persist at Capitol Hill, the House adjourns without a final government expenditure deal. This impasse leads to a partial government shutdown, whereas, President Trump demands at least $5 billion for his presidential campaign promise of a Mexican border wall. The Trump top envoys work hard to broker a last-minute compromise with Democrats and some Republican lawmakers.

The partial government shutdown would disrupt public service operations as many federal employees face furlough and work without pay only a few days before the festive Christmas holiday season. While many market watchers expect the partial government shutdown to be temporary, this shutdown echoes the previous Trump verbal threat that he would be proud to shut down the government for better border security.

Stock market investors respond to this shutdown with negative consequences. Key stock market indices from S&P 500 and NASDAQ to Dow Jones reach historical low levels with near-term 5%+ losses in the prior decade. Several economic media commentators expect the next stock market rally to emerge in light of better stock market investor optimism early-2019.

 


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House Judiciary Committee summons senior executive reps of the tech titans to assess online platforms and their market power.

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U.S. Treasury officially designates China a key currency manipulator in the broader context of Sino-American trade dispute resolution.

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2019-09-15 14:35:00 Sunday ET

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Former Fed Chair Paul Volcker releases his memoir, talks about American public governance, and worries about plutocracy in America.

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2018-10-23 12:36:00 Tuesday ET

Former Fed Chair Paul Volcker releases his memoir, talks about American public governance, and worries about plutocracy in America.

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2018-10-13 10:44:00 Saturday ET

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Apple upstream suppliers such as Foxconn and Pegatron experience sharp share price declines during the Christmas 2017 holiday quarter.

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2018-11-21 11:36:00 Wednesday ET

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A 7-year $1.3 billion hedge fund manager Chelsea Brennan shares her investment advice.

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2018-10-05 10:38:00 Friday ET

A 7-year $1.3 billion hedge fund manager Chelsea Brennan shares her investment advice.

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