Money Clip: Impact of government shutdown

To view this site, you need to have Flash Player 9.0.115 or later installed. Click here to get the latest Flash player.

September 30, 2013, 9:27 am
SHARE THIS POST
Print Article


(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.

Tags: CNBC, Stock Market, government shutdown, Courtney Reagan, money clip
RELATED STORIES
COMMENTS
On last day of the expo at Hynes Convention Center, veteran runners spoke as massive crowds congregated at Copley Square
'Carbo-loading' event on eve of Boston Marathon featured upbeat music and high spirits
Boston buried Detroit in Easter matchup; first round of Stanley Cup Playoffs even at 1 game apiece