Us Government Shutdown

The White House has also pledged to reverse the firings of federal employees and provide back pay for the hundreds of thousands affected during the shutdown that began on October 1.

US shutdown’s ripple effects: How missed pay-cheques and shuttered agencies are starting to hurt Americans

As the federal government enters its third week closed, communities beyond Washington are beginning to feel the financial and social strain.

Why a handful of Democrats hold the key to reopening the US government

Republicans need eight Democratic votes to reopen the government, but the party has stayed unified so far.

Why US air traffic control system straining amid the government shutdown

The US government shutdown has left key air traffic control centres short-staffed, causing flight delays across major airports. Controllers continue working without pay, raising safety concerns and prompting calls for urgent action.

US Senate to vote on dueling plans to end shutdown, though neither likely to pass

Lawmakers do not appear to have made any headway toward a deal that would allow them to resume government funding

Visas, passports and embassy delays: What the US govt shutdown means for Indian applicants

Embassies globally have warned that their public communications -- social media updates, routine notices -- will be suspended except for urgent safety or security alerts.

What if the US government shuts down tonight? Here's what’s at stake, what services will stop, and who will be affected

If Congress cannot strike a deal, Americans could wake up tomorrow to a partial federal shutdown, leaving vital services strained and political tensions at their peak.

US shutdown fears add to gold's safe haven lure as rally nears best month in 14 years

Investors feared that the uncertainty around a US government shutdown may also delay the release of economic data seen as crucial in determining the rate cut trajectory by the Federal Reserve.

US stares at govt shutdown: What it means, what's causing it and how it will hit Americans | Explained

The confrontation has become about far more than just budget numbers, pitting President Donald Trump’s push for sweeping federal workforce reforms against Democratic leaders’ resistance to cuts in healthcare and domestic programmes.

US government shutdown: Military, national security, air travel, other services to be hit

The imminent shutdown - the country's fourth partial shutdown in the past decade - will trigger a likely dip in consumer confidence, causing widespread cutback on spending. The stock market would also be volatile during this period.

There's still risk of a full-blown bear market, says Robert Shiller

His view that narratives weigh on people's mind differs with experts who believe fundamentals drive the market.

Democrats seek vote to end US government shutdown

But the bill's future appeared uncertain. The text does not include financing for the US-Mexican border wall sought by President Donald Trump to halt illegal immigration.

Gold edges up but risk-on sentiment limits gains

Spot gold rose 0.4 percent to $1,271.85 per ounce by 0102 GMT. In the previous session, the metal hit $1,279.06 an ounce, its highest since June 19.

March 2014 most likely date for tapering: Goldman

The labor market plays a key role in the Fed`s monetary policy decisions. In December 2012, the central bank said interest rates would remain near zero until unemployment falls to at least 6.5 percent.

Aftermath of US shutdown continues to jolt dollar

"The dollar has traded very poorly on the back of the debt ceiling resolution against the Japanese yen, the euro and the Australian dollar," said Jens Nordvig, Global Head of G10 FX Strategy at Nomura.

Gold is so yesterday, the VIX is the new safe haven

As a traditional safe-have asset, gold typically rallies during periods of heightened economic risk, but in recent years gold's behavior has befuddled many analysts. Over the course of the over two-week US government shutdown, for example, gold has fallen 3.35 percent.

US Senate clinches deal to end shutdown; avoid debt default

The new compromise agreement, will fund the government through January 15, 2014 and averts default through February 7, during which time they can work toward a long-term budget agreement that prevents these frequent crises, said Senator Harry Reid

Why investors lost money trading the UK pound

Analysts now see the US Fed delaying the 'tapering' of its asset-purchase program which means the US dollar has slipped after a rally in mid 2013, and investors are opting for sterling and the euro now. The pound was trading at USD 1.597 on Monday morning after starting the year at USD 1.624 and collapsing to a low of USD 1.486 in July.

Wall Street ends up on hopes of debt solution in Washington

Buyers on Friday were motivated by the chance an agreement could come over the weekend. The Senate is expected to vote over the weekend on extending the federal debt limit through January 2015.

Why the taper may not happen until 2015

"Given what`s happening in the US Congress right now, I don`t see the Fed tapering on October 29th and 30th," said Vasu Menon, vice president for wealth management at OCBC.

See volatility in EM bonds, currencies ahead: Macquarie

Not just the US government shutdown, but there are many other issues that will cause major tremors in bonds and currency markets of emerging markets over the next three-six months, says Viktor Shvets of Macquarie.

Why Japan should fear US shutdown: IMF

The IMF's warning follows comments from Japanese finance minister Taro Aso on Friday, who sounded fears over how the political impasse in the US could lead to further US dollar selling and yen buying, which would be bad news for Japanese exporters and the success of Abenomics overall.

Wall Street falls as no progress seen to resolve shutdown

The S&P has fallen for two weeks and is down nearly 3 percent from its all-time closing high on concerns about Washington dysfunction. The benchmark index closed below its 50-day moving average, a sign that near-term momentum may be to the downside.

Wall St ends up, but Dow, S&P 500 down for week on shutdown

The Nasdaq composite index ended the week higher as Friday's advance accelerated in the afternoon, but gains by the Dow and the S&P 500 were not enough to cancel the week's losses.

Three pressure points that may end the shutdown

"We are looking for three pressure points to induce a return to common sense in Washington," said Ethan S. Harris, global economist at BoAML.