Goldman Sachs is warning that multiple US government shut downs are possible

<p>Goldman Sachs says they expect any imminent shutdown to last only 2 to 3 weeks .</p><p>However, "more than one shutdown is possible":</p><ul><li>the two parties are far apart on spending proposals</li><li>any agreement to reopen the government after the likely shutdown is likely to expire before year-end</li><li>this potentially risks another funding lapse</li></ul><p>-</p><p>During the US session we got a warning from Moody's, the only major credit ratings agency that has a top credit rating for the US:</p><ul><li><a href="https://www.forexlive.com/news/moodys-warns-that-us-government-shutdown-would-be-credit-negative-20230925/" target="_blank" rel="follow" data-article-link="true">Moody's warns that US government shutdown would be 'credit negative'</a></li><li>"In particular, it would demonstrate the significant constraints that intensifying political polarization put on fiscal policymaking at a time of declining fiscal strength, driven by widening fiscal deficits and deteriorating debt affordability."</li></ul><p>What a mess. </p>

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