Article: Wall Street Uneasy in Face of Government Shutdown

The government need to step up their game and figure out what they are going to do. This is not the first government shut down but it causes people to worry about the future. According to NY Times, “House Republicans passed legislation over the weekend that would keep the government operating only if funding for President Obama’s health care bill is delayed for a year and a tax on medical devices is permanently repealed. The Democrats who control the Senate have said they will not agree to those conditions.” Because of the disagreement government decided to shut down. Even though the shutdown would be relatively insignificant, “many strategists say that the outcome of the debate over the shutdown is important because it will set the backdrop for the battle over the debt ceiling.” This disagreement would just mean they are not making progress on the debt ceiling.