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(NECN) - Markets set to open lower, and the government shut down could impact your 401k.
For more on the economic impact, we go to CNBC’s Courtney Reagan.
She says investors are starting to get a little uneasy over the prospect of a U.S. government shutdown come midnight. And there is concern that this would set the state for an even more contentious fighting Congress over raising the debt ceiling. If there’s no deal on that by mid-October, the US could default on its bills, which would threaten to push us back into recession, and that’s what we’re worried about right now.
What can we worry about from past experiences?
Reagan says historically stocks recover once Washington resolves the fiscal crisis.
She says some sectors will be hurt more than others, like defense contractors for instance.
Watch the attached video for more.