United States shutdown and its impact on the global stock markets!! What should Indian investors do?
United States shutdown and its impact on the global stock markets!! What should Indian investors do? Dear Readers, Greetings!! A US government shutdown is a situation in which the United States (US) federal government cannot operate because Congress has not passed a budget or a continuing resolution (CR) to keep the government funded. This can happen when Congress is unable to agree on a budget, or when the President vetoes a budget bill. Short-term bill is proposed to avoid the shutdown, as i t extends funding for appropriations bills till October 31, while instituting a 7.8% cut to discretionary funding. There have been 14 government shutdowns since 1981. (Source: https://coopwb.in/info/will-there-be-a-government-shutdown-in-october-2023/ ) When the government shuts down, non-essential government services are suspended and employees are sacked (temporarily laid off without pay). Essential services , such as the military, the police, and fire departments...