Thu, Mar 23, 2017
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 liquidations in 2016 surpass 2009 levels, new launches decline[more]

    Benedicte Gravrand, Opalesque Geneva: Even as the hedge fund industry's total assets exceeded the $3tln milestone last year, hedge fund liquidations increased. So much so that 2016 had the highest number of liquidations since 2008, claims the latest HFR Market Microstructure Report, re

  2. Hedge funds find no joy in macro as returns lag Trump rally[more]

    From Gulfnews.com: In 2017, macro hedge funds were expected to shine. So far? Not so much. It's been a far from impressive first two months for funds that trade around macroeconomic events. Discretionary funds rose just 0.3 per cent through February, according to Hedge Fund Research Inc., while the

  3. Strategies - Billionaire investor Marc Lasry shares how he's playing markets right now, Classic models are failing FX hedge funds desperate for return[more]

    Billionaire investor Marc Lasry shares how he's playing markets right now From CNBC.com: Buy on the prospect of deregulation. Sell on the enactment of deregulation. That's the strategy that billionaire investor Marc Lasry is implementing, according to an interview with CNBC in Las Vegas

  4. Opalesque Exclusive: Aberdeen makes the case for the lower mid-market[more]

    Bailey McCann, Opalesque New York: Aberdeen Asset Management has released a new paper focused on lower mid-market private equity. According to the paper, this segment of the private equity market is gaining popularity with private equity investors that are looking for multiple expansion and less

  5. Hedge funds await outcome of French elections, feel pinch on lower oil prices & weak dollar[more]

    Komfie Manalo, Opalesque Asia: Hedge funds felt the pinch of lower oil prices and weak U.S. dollar as the Lyxor Hedge Fund Index was marginally down as of the week ending 14 March, Lyxor Asset Management said in its Weekly Briefing. The Lyxor He