Long shutdown may worsen volatile markets


WASHINGTON: A short government shutdown would likely have little impact on the overall US economy, but a protracted budget fight during a time of heightened stock market volatility could worsen an already murky outlook, economists say.

The partial US government closure entered its sixth day on Thursday as President Trump and Congress remained at an impasse over his demand for more funding for a border wall, leaving 800,000 federal workers furloughed or working without pay.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Wall St set to open higher as tech rebounds, Micron earnings eyed
More stranded oil tankers exit Hormuz, adding to global supply
Eckem IPO oversubscribed 8.09 times ahead of ACE Market debut
Mi Technovation proposes listing of semiconductor unit on SGX
Sealink seeks higher offer price for Carimin privatisation proposal
Ringgit extends gains on strong Malaysian economic data
LB Aluminium cautiously optimistic on profitability
ES Sunlogy sees growth opportunities in M&E, renewable energy
Kee Ming bags M&E sub-contract job
Hong Seng changes name to Aimax Bhd

Others Also Read