Subscribe / Unsubscribe Enewsletters | Login | Register

Pencil Banner

BLOG: US Government shutdown is mildly bad for US tech market

Andrew Bartels, Forrester | Oct. 10, 2013
However, US debt default would be far worse

Fortunately, Speaker Boehner has been quoted as saying privately that he would not allow the US government to default.  This implies that before October 17 he would allow a bill to raise the debt ceiling to come to a vote without an amendment to defund Obamacare, with a combination of Democrats and moderate Republicans allowing it to be adopted.  If this happens as we expect, then we will avoid the worse case of a Federal debt default, and "merely" suffer the bad effects of a three-to-four week shutdown of the US government.  It is a sad state of affairs that this looms as the best-case outcome of the current political environment.

 

Previous Page  1  2 

Sign up for Computerworld eNewsletters.