Blog Posts

3 Days Left Before Republican Goverment Shutdown: Markets React to GOP Dysfunction

September 27, 2013

With only three days left before Republican Government Shutdown, the GOP’s dysfunction and refusal to back-off their extreme, ideological demands is taking this nation down a dangerous partisan path that will hurt our economy, threaten job creation, and leave our families with less security, and our country with less certainty and stability.

As Leader Pelosi said this morning:

“Instead of legislating responsibly, they want to live dangerously, and that’s not good for the American people,” said Nancy Pelosi of California, the House Democratic leader.  “Their Tea Party ransom demands come at a significant cost to our economic security.”  [9/27]

It’s time for Speaker Boehner and Republican leaders to regain control of their conference and put an end to the Tea Party political games before it’s too late…

Concerns that the budget impasse will hurt economic growth helped send the Standard & Poor’s 500 index to its first weekly decline since August.  The S&P 500 fell 8.21, or 0.5 percent, to 1,690.46 at 10:18 a.m. in New York.  [9/27]