Austerity of sorts. Big deficits but smaller that last year. Goldman has more
A federal shutdown appears much less likely this year than it had a month ago, when funding looked very likely to lapse Oct. 1, for two reasons.
First, the attack on Israel and other emerging geopolitical situations (e.g., recent US air strikes in Syria) lower the probability that Congress will allow a shutdown to occur that affects the military. While essential defense functions would continue even in a shutdown, the timing would be inopportune.
