PIMCO says Another Government Shutdown Odds Quite Low

Posted 38 minutes agoShare

Fibo Quantum Scalper

The odds of another government shutdown are “quite low,” Libby Cantrill, the head of public policy at Pimco, told CNBC on Monday.

Talks to avoid the partial shutdown have stalled, with members of Congress unable to find common ground on border security. The deadline to reach a deal is end of day Friday.

“If you are a member of Congress, you are going to try to extract everything you can from the opposite party; however, you realize that the political cost and the economic cost are simply just too high,” Cantrill told CNBC’s “Closing Bell” on Monday.

via CNBC

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

All copyrights for this article are reserved to Market News