December 20, 2024
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3:34Now PlayingShutdowns are complicated. Most immediately, thousands of US government workers are furloughed, most without pay while it lasts. Taxpayers won’t get calls returned, and there may be longer lines at airports during one of the busiest travel periods of the year. Many national parks will close. Even so, many of the routine functions of government — national defense, benefit checks and mail delivery — continue as usual. All of this comes, ultimately, at a cost. So what's the impact to stocks and financial markets? For details, Paul Sweeney and Norah Mulinda speak with Christopher Smart, managing partner at Arbroath Group, and former Special Assistant to the President for International Economics.
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