"Goldman Sachs Predicts 90% Chance of Government Shutdown Lasting Weeks"

Goldman Sachs predicts that there is a 90% chance of a government shutdown in the U.S., which could last two to three weeks starting from October 1. The chief economist at Goldman Sachs argues that the shutdown is likely to last this long due to political pressure from missed pay dates for active-duty military members and a deterioration in essential operations. Another economics team supports this view, stating that a longer shutdown is possible. Lawmakers have the option to prevent a shutdown by passing a short-term extension of funding, but controversial provisions in the proposed extensions make them unlikely to pass. The shutdown could have a greater impact on the economy this time, potentially delaying key data releases that the Federal Reserve relies on for monetary policy decisions.