Wed, Jul 30, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

What might be avoided if the US government shutdown comes to an end

Tuesday, October 15, 2013

amb
John Brynjolfsson
Benedicte Gravrand, Opalesque Geneva:

A political dispute was at the source of the partial shutdown of the American government, which started two weeks ago. President Obama put forward a reform program for US healthcare (the Affordable Care Act, or Obamacare), which Congress approved. There were legal challenges but the program was endorsed in court. But there was strong opposition to the program, mainly from the Republican Party. Opponents added amendments to legislation funding government operations, so that legislation could only be passed if the reform program was blocked or delayed. Opponents got their way through the blocking of funding of the government, and as supporters of the reform refused to give in, the legislation to fund the government failed and the government shut down.

The shutdown brought on the issue of the debt ceiling, a ceiling on the amount of debt the US government can have, which only Congress can vote to increase. The Republicans are currently using this power to protest against Obama’s healthcare reforms, by not voting for an increase. The ceiling is currently set at $16.7tln, which was hit in May this year. Since then, according to the BBC, the US Treasury has been scrapping together all that it can to keep the government funded. Reserves are estimated to run out on October 17th. If everything stays the same, by the end of the month, the government may be forced to delay ......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Hedge fund manager Winton Capital making headway with long-only strategy[more]

    From PIonline.com: North American investors are helping Winton Capital Management Ltd. make progress — albeit slowly — toward its founder's goal of becoming a $100 billion company. The firm's ticket to quadrupling its assets under management is unlikely to be one of its scientifically designed manag

  2. Opalesque Roundtable: Success in hedge fund marketing not linked to performance, but investor appetite[more]

    Komfie Manalo, Opalesque Asia: Success in marketing a fund is not linked to the performance, but to investor appetite, to the way you can market the fund, and to how much time you can spend to raise assets, said Antoine Rolland, the CEO of incubator and seeding firm

  3. Opalesque Radio: Now is a good time to buy protection cheaply in the options market[more]

    Benedicte Gravrand, Opalesque Geneva: Investors are showing an increased interest in risk parity funds and strategies, Opalesque reported last year. Risk parity strategies have the

  4. The Big Picture: Charlemagne Capital smoothes risk out of frontier market investing with portfolio approach[more]

    Benedicte Gravrand, Opalesque Geneva: Opalesque recently talked to one of the portfolio managers of the Oaks funds, which are emerging and frontier market hedge funds focusing on equity long/short with a directional approach. They are run by

  5. Winton’s low-cost equities fund tops $1bn for first time[more]

    From FT.com: Winton, the London-based hedge fund, has increased the assets in its low-cost equities fund to more than $1bn for the first time in a sign that traditional stock managers may come under increasing pressure from computer-driven rivals. Winton, which manages about $25bn in total ass