Bank of America expect the US to avoid a government shutdown, but its close to 50% chance

<p>Bank of America expects Congress to pass a continuing resolution and thus avoid a government shutdown on October 1.</p><p>BoA say, though, that its a 'close call':</p><ul><li>situation remains fluid</li><li>likelihood of a shutdown, a brief one, is edging closer to 50%</li></ul><p>-</p><p>This reminds me of that time Fitch downgraded the US citing:</p><ul><li>repeated debt limit standoffs and last-minute resolutions</li><li> a steady deterioration in standards of governance</li><li>expected fiscal deterioration over the next three years</li></ul><p>And everyone who had been screaming about the dangers of shutdown and debt default did a flip and laughed at Fitch. Two-faced I guess. </p><p>ps. the downgrade was 6 weeks ago:</p><ul><li><a href="https://www.forexlive.com/news/fitch-downgrades-usa-long-term-credit-rating-to-aa-from-aaa-20230801/" target="_blank" rel="follow">Fitch downgrades USA long-term credit rating to AA+ from AAA</a></li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.