The markets know US and China depend on each other.The markets know interest rates have to come down.The markets know the government can’t stop printing money.The markets know asset prices are going higher. ...

The US was cut by one notch at Scope Ratings after more than three weeks of Washington stalemate over government spending triggered action by the European credit assessor https://t.co/AHulBg5PXA ...

All right, it is day 23. Day 23 of the government shutdown and the effects are hitting communities across the nation. From missed paychecks to threats to food services, millions of Americans are feeling the strain.But Donald Trump is focused on something else entirely. You know it, the White House itself. Donald Trump has torn down the entire east wing of the White House, which belongs to the American people, to add a ballroom named after himself.It's something President Barack Obama actually joked about 14 ...

Government Shutdown Impact - US government shutdown continues with no end in sight [1] - Senate Democrats blocked a Republican measure to pay military troops and some federal workers during the shutdown [1]

Most European governments have spent too little on defence. But puniness is not the continent’s only problem. We explain why many countries also have the wrong sorts of forces https://t.co/DCJLHFgHcV ...

Government Spending & Fiscal Policy - The IMF suggests the UK could decrease inequality by reallocating government expenditure from welfare, wages, and overheads to investment [1] - Shifting government spending towards investment could strengthen the UK's public finances [1]

Government Shutdown & Workforce Impact - The Trump administration is potentially using the government shutdown to reduce the federal workforce, possibly impacting thousands of employees [1] - The administration might leverage the shutdown to cut funding from disfavored programs [2] - OMB's plan suggests that approximately 23% of federal employees could be furloughed if the shutdown persists [3] - Around 154,000 federal employees accepted buyouts earlier in the year [4] Fiscal & Political Dimensions - The government faces a significant financial challenge, potentially leading to insolvency [3] - The shutdown is viewed as a matter of political priorities, with conservatives aiming to reshape the federal bureaucracy [9] - Project 2025 aims to change the dynamics within the federal workforce, potentially reducing the influence of unions [10][11] - Democrats are seeking a 15 trillion increase in spending, which Republicans oppose [5] Spending & Debt - Mandatory spending on programs like Social Security, Medicare, and Medicaid constitutes over 75% of federal spending and grows faster than the economy [6] - A Republican reconciliation bill previously increased the deficit by approximately 4 trillion over ten years [7] - Some analysts believe tax cuts could stimulate more growth than tax increases [8]

A Japan bond auction eased investor nerves over concerns that Sanae Takaichi's near-certain elevation to the country's premiership will trigger more government spending and fan inflation: Here is your Evening Briefing. https://t.co/fbaEAcx6n2 ...

Core Insights - The ongoing government shutdown is expected to last until at least October 15, with a 70% probability of extending beyond that date, primarily due to budgetary disagreements between Democrats and Republicans [1][2][3] Budgetary Disagreements - The impasse is largely centered around healthcare spending, with Republicans proposing cuts while Democrats seek to maintain and extend enhanced Affordable Care Act (ACA) subsidies, which could add $1.5 trillion to the national debt over the next decade [4] Market Impact - Historically, government shutdowns have had minimal impact on the stock market, with the S&P 500 often performing well during such periods; for instance, during the 2018 shutdown, the S&P 500 rose by 10% [6] - Essential services like Social Security are expected to remain unaffected by the shutdown, alleviating some concerns regarding public benefits [5] National Debt Concerns - Despite the shutdown, government spending continues unabated, contributing to a rapid increase in national debt, which has risen by $1.7 trillion in less than three months, approaching $38 trillion [7] - The prolonged shutdown underscores ongoing fiscal challenges, with investors focusing on the implications of sustained government spending rather than the temporary nature of the shutdown [8] Price Action - The SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ Trust ETF (QQQ) experienced declines, with SPY down 0.0015% and QQQ down 0.42% [10]

Japanese defense and tech shares soared on speculation they’ll benefit from more government spending, as pro-stimulus conservative Sanae Takaichi looks likely to become the nation’s next prime minister https://t.co/TvzB6DRJa8 ...