Goldman Sachs warns of a government shutdown due to spending disputes and political issues.
Goldman Sachs sees a shutdown as "more likely than not" this year, citing fights over aid, investigations, and border security.
Past shutdowns didn't severely hurt the economy or markets, unlike the debt default threat. Investors remain relatively calm.
Shutdowns are more manageable economically as key payments like debt interest continue. This reduces pressure for compromise.
Less economic risk makes a shutdown more likely. Politicians might favor it to achieve their goals, but timing is uncertain.
Some House conservatives may support a shutdown to cut spending and ease the national debt, despite potential disruptions.
Expert predicts a 60% chance of a shutdown by December, with potential challenges for House Speaker Kevin McCarthy.
The longest shutdown in 2018-2019 didn't fatally harm markets, but real disruptions affected federal workers, immigration, and more
Federal workers faced delayed pay, and some worked without pay during the last shutdown.
Tens of thousands of immigration hearings were canceled, impacting legal processes.
Shutdowns caused delays in releasing important economic reports, affecting decision-making.
Taxi and ride-sharing drivers saw fewer rides, potentially affecting their income.
Employers couldn't use federal systems to confirm workers' legal status, creating complications.