The Everything Recession
Donald Trump
Last week, the federal government shut down, with both Republican and Democratic plans to finance ongoing appropriations failing to garner enough votes to pass the Senate. Donald Trump did not seem overly worried about the situation, calling it an “unprecedented opportunity” to throttle funds going to blue states and fire federal employees. The stock market surged higher and the bond market did not react. But up to 750,000 workers will be furloughed , losing out on $400 million in wages a day.
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