Additional spending cuts in the order of 120 Billion Dollars in the new fiscal year. Speaking at a Congressional Black Caucus awards dinner, the us president warned them against the consequences of triggering a shutdown. Lets be clear, the government shuts down, that means members of congress and the us military or going to have to continue to work did not get paid. A Government Cut down damages everything. Funding the government is why the most basic responsibilities of congress and it is time for republicans to start doing the job america elected them to do. Lets get this done. That impasse over the Us Government budget comes at a time when the us economy is facing a significant number of challenges. The us auto industry, which is a key economic sector, is facing an expanding strike which could have an impact on growth. And while the Federal Reserve decided to leave rates unchanged when it met last week, it has signalled that it will raise rates again before the end of 2023. Earlier
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Brian Arcese, portfolio manager at investment firm Foord Asset Management, says he's taken two "slightly untraditional" approaches to investing in that space.