First Government Shutdown in Seven Years - One Casualty Will Be the Data Releases
The key nonfarm payrolls report on Friday will be delayed by the shutdown, and CPI could also be affected.
Key Takeaways
Shutdown Starts with No Deal in Sight: There was no last-second deal this time to kick the proverbial can down the road, with the Democrats digging in their heels and forcing a government shutdown (refusing to accept the GOP stopgap bill). As many as 750k federal civil servants have been furloughed (their pay is delayed until the government reopens). You have to go back a good seven years to find the last time we hit such an impasse.
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