Government shutdown looms in three weeks without budget deal
Congress is back from a seven-week recess with less than a month to prevent a government shutdown.
Greg Valliere, chief global strategist of Horizon Investments, said in a note Tuesday morning that Senate Majority Leader Mitch McConnell “wants no drama — and certainly no shutdown; he’s fighting to maintain GOP control of the Senate, and doesn’t want to rock the boat.”
Valliere believes there will be a continuing resolution at the last minute. But he thinks such a stopgap bill would keep the government open through early December, and thus “another crisis will arrive.”