US: Shutdown will hit the overall economy – Danske Bank

Mikael Olai Milhøj, senior analyst at Danske Bank, points out that the US House of Representatives controlled by the Democrats has passed another bill to end the ongoing shutdown, but as it does not include any funds for President Trump’s wall, the Senate will not vote on it, as Trump would veto it anyway.

Key Quotes

“Despite the shutdown being the longest in US history and that missing pay checks are beginning to hurt families, nothing suggests the two sides are getting closer to each other.”

“There is an increasing risk that the shutdown will hit the overall economy the longer it drags out. Trump’s State of the Union address has been cancelled.”