The good news is that the engine of growth for the US economy is the private sector. But the government’s share of GDP isn’t trivial, which means that a potential government shutdown that could start at midnight tonight will be a non-trivial event.
Daily Archives: December 20, 2024
Macro Briefing: 20 December 2024
US government shutdown approaches after House rejects Trump-backed spending bill. To keep the government running, the Republican House Speaker Mike Johnson must find a way to pass legislation before midnight tonight (Dec.2). Meanwhile, the US 10-year Treausry yield shot higher again yesterday (Dec. 19), rising to 4.57%, the highest since May.
