The Budget Fights Could Squeeze the Economy

Just as the U.S. economy is struggling to expand at a healthy pace, a pair of political standoffs threatens to slow growth and spook investors.

Unless Congress acts before Tuesday to fund federal spending, some of the government would shut down. Separately, the government will run out of money to pay its bills by late October unless Congress raises the federal borrowing cap. A 2011 fight over the borrowing cap rattled consumers, businesses and investors and likely slowed growth.

 

Read Full Article »
Comment
Show commentsHide Comments

Related Articles