It's Day 4 of the government shutdown - which means Day 4 of your life being more dangerous than it was in September...
You see, besides the effects of 800,000 workers being furloughed, the government shutdown affects the general public in ways most of us don't realize.
Some are downright scary.
Here are 10 you should know now:
To continue reading click here...
810,000 federal workers, give or take a few, were furloughed this week as Shutdown 2013 began. Those employees had to report to work to "prepare" for a shutdown, in many cases simply reporting, signing a form acknowledging the furlough, and leaving again. The "average" American lives 16 miles from wherever they work, driving 32 miles round trip in a car that averages 24.6 miles per gallon. This trip uses 1.3 gallons of gas, at an average price of $3.39 per gallon, which comes out to $4.41 per trip. Going on national averages for fuel economy, commuting distance, and gasoline, these 810,000 furloughed federal employees collectively shelled out at least $3,572,100 on gas for a short, short workday.
To continue reading click here...
It's Day 4 of the government shutdown - which means Day 4 of your life being more dangerous than it was in September...
You see, besides the effects of 800,000 workers being furloughed, the government shutdown affects the general public in ways most of us don't realize.
Some are downright scary.
Here are 10 you should know now:
To continue reading click here...
The government shutdown is a big headache for the entire country, but it's also having an impact on individual investors. With several key agencies closed for business, investors can't get something they must have in order to make sound financial decisions...
Yesterday, CNBC hosted Money Morning Chief Investment Strategist Keith Fitz-Gerald to talk about what the government shutdown is doing to the markets.
To continue reading, please click here...
While the stock markets so far have reacted mildly to the government shutdown, the looming Washington fight over the need to raise the federal debt ceiling could lead to a U.S. debt default.
And that, everyone agrees, would trigger a much more pronounced reaction from Wall Street.
To continue reading, please click here...
Biggest stock market news today, before the opening bell: The government shutdown that kicked in yesterday after lawmakers could not agree on a federal budget last night has done little in the way of dampening the stock market. With politicians at odds now, investors are anticipating a faster resolution to another issue -- the debt ceiling issues that will come to the foreground in about two weeks.
While some 800,000 government employees are now furloughed with another million asked to work without pay, investors seem to believe this closure will be short-lived. The shutdown is the first in the U.S. in since 1995.
To continue reading, please click here...
Today has surprised some people who went about their daily business without knowing what's closed in a government shutdown.
Another surprise: Markets didn't plummet. There are a few reasons for that:
And assuming a deal is reached sometime within the next few weeks, the impact on fourth-quarter economic growth from this U.S. government shutdown is expected to be relatively minimal. Any loss is expected to be easily made up in Q1 of 2014.
To continue reading, please click here...
As of midnight Monday, the government shutdown is upon us. But this is only the first of several budget-battle flashpoints coming over the next few months that will thrash the markets. And despite the angst it will bring, every Washington screwup has a silver lining for investors who know how to play it...
To continue reading, please click here...
