US: Risk of government shutdown averted – Westpac

FXStreet (Delhi) - Sean Callow, Research Analyst at Westpac, notes that the speaker of the US House of Representatives John Boehner announced his resignation, both as Speaker and from Congress at the end of October.

Key Quotes

“The risk of another government shutdown from Oct 1 should now be averted, Speaker Boehner now free to ignore the demands of conservatives in his party who are agitating to shut down the government over its continued funding of Planned Parenthood. However the risks of political turmoil have now increased from Nov onwards, with most eyes on the need to raise the debt ceiling some time in Q4.”