Posts tagged 'government shutdown'

“Gainful Employment” survives shutdown negotiations

| Apr 11 2011 20:37 | Comment |

And we’re not just talking about national zookeepers.

Here’s a Steve Eisman-friendly tidbit from the government shutdown negotiations, courtesy of the Higher Ed Watch blog on Saturday: Read more

Grossly unimpressed: Pimco shorts US government debt

| Apr 11 2011 15:32 | Comment |

Pimco is not amused with the political impasse in Washington.

From Reuters on Monday morning: Read more

Shutdown averted, at least until Thursday

| Apr 09 2011 06:24 | Comment |

There’s a deal, for now.

The particle accelerator will keep whizzing, kids will see pandas this weekend and Wall St can still just about function. Read more

A guide to economic data during a shutdown

| Apr 08 2011 20:32 | Comment |

Courtesy of Nomura’s US economics team, here’s a quick guide to the data that would and would not be disrupted by an ongoing shut-show in Washington.

This list is not exhaustive, but it does cover the main indicators. The italicised releases are those due next week. Read more

The disputed budget cuts in perspective

Cardiff writes mostly about US macroeconomic issues, with daily excursions into other topics about which he claim no expertise. Before Alphaville, Cardiff spent a little more than two years as a reporter at Dow Jones Financial News covering investment banking, asset management, and private equity. Along the way he has written freelance pieces on a variety of other topics from behavioural psychology to Muay Thai, the latter also being a personal interest that involves frequently getting kicked in the shins (and torso, and head).

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| Apr 08 2011 13:38 | Comment |

From Hamilton Place Strategies, with a hat tip to Morning Money, over this might the US government shut down at midnight:

 Read more

Another federal shutdown victim: IPOs

Joseph joined FT Alphaville way back in March 2010. He likes all the politically and legally fiddly bits of finance. He also likes credit, rates, global macro, tail risk, and all that stuff. (You should email him story ideas. He’ll take anything.)

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| Apr 08 2011 09:40 | Comment |

The Securities and Exchange Commission has announced that it would be unable to process company filings in the event of the government shutting down, according to a statement. This means companies in the late stages of rolling out public offerings – or who want the SEC to accelerate their applications – face an unwelcome interruption, Reuters reports. Companies facing SEC questioning following recent IPO filings, such as Linkedin and Toys R Us, may experience problems in particular. Read more

Further further reading

| Apr 07 2011 22:22 | Comment |

For the commute home, where the carry trade means helping your better half unload the car in exchange for first dibs on the remote,

- The FT visits Bernie Madoff. Read more

Parties fail to break US budget deadlock

| Apr 06 2011 21:33 | Comment |

The US began preparations to stand down nearly 1m workers and suspend services ranging from processing tax returns to national parks as a government shutdown loomed over stalled budget talks, reports the FT. Republicans and Democrats in Congress remained deadlocked over a budget agreement for the final six months of the current fiscal year, ahead of a deadline on Friday when funding for the government runs out. Read more

Shutdown shenanigans: something for the weekend?

Cardiff writes mostly about US macroeconomic issues, with daily excursions into other topics about which he claim no expertise. Before Alphaville, Cardiff spent a little more than two years as a reporter at Dow Jones Financial News covering investment banking, asset management, and private equity. Along the way he has written freelance pieces on a variety of other topics from behavioural psychology to Muay Thai, the latter also being a personal interest that involves frequently getting kicked in the shins (and torso, and head).

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| Apr 05 2011 17:32 | Comment |

Across the tape a little while ago, from Reuters:

NO BUDGET AGREEMENT REACHED AT WHITE HOUSE MEETING, REPUBLICAN HOUSE SPEAKER JOHN BOEHNER’S OFFICE SAYS Read more

Fiscal fight overshadows Obama launch

Tracy Alloway used to be deputy editor of FT Alphaville. Here she learned the details of derivatives, the absurdities of accounting and the various structures of ... erm ... structured finance. She now covers big US banks for the FT paper, including Goldman Sachs and Morgan Stanley. She pops up on FT Alphaville every once in a while.

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| Apr 05 2011 09:05 | Comment |

Republicans in the House of Representatives are gearing up for a federal shutdown, amid stalled talks on a deal to fund the government for the rest of the fiscal year, the FT says. John Boehner, House speaker, on Monday night said lawmakers would be given guidance on how the lower chamber of Congress would function in the event of a shutdown, which could come as early as Friday night if no deal is reached with Senate Democrats and the White House. Amid the standoff, President Barack Obama on Monday launched his re-election campaign for the November 2012 presidential poll, seeking to gain a fundraising jump on Republicans in what is expected to be by far the most expensive race in US history. The Caucus adds that the US government is expected to hit its $14,290bn debt ceiling “no later than May 16.” Read more

Shutdown averted, again, perhaps, or maybe not

| Mar 31 2011 18:40 | Comment |

Shutdown fears seemed to have shutdown on Wednesday evening when lawmakers allegedly found the contours of a deal to fund the government through the end of FY 2011.

Unsurprisingly, John Boehner on Thursday says no deal is imminent. The proposed details are still worth glancing at, however, as the rough size of any final package now seems a bit clearer. Read more

Meanwhile, in Washington…

Cardiff writes mostly about US macroeconomic issues, with daily excursions into other topics about which he claim no expertise. Before Alphaville, Cardiff spent a little more than two years as a reporter at Dow Jones Financial News covering investment banking, asset management, and private equity. Along the way he has written freelance pieces on a variety of other topics from behavioural psychology to Muay Thai, the latter also being a personal interest that involves frequently getting kicked in the shins (and torso, and head).

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| Mar 15 2011 20:31 | Comment |

We covered the economics of a government shutdown earlier this month, when we found ourselves awaiting passage of another continuing resolution to fund the government a few more weeks, buying time for negotiators on both sides to hammer out a deal for the Fiscal Year 2011 budget.

Two weeks have passed and we now find ourselves… awaiting passage of another continuing resolution to fund the government a few more weeks, buying time for negotiators on both sides to hammer out a deal for the Fiscal Year 2011 budget. Read more

Shutdown averted, for now

Cardiff writes mostly about US macroeconomic issues, with daily excursions into other topics about which he claim no expertise. Before Alphaville, Cardiff spent a little more than two years as a reporter at Dow Jones Financial News covering investment banking, asset management, and private equity. Along the way he has written freelance pieces on a variety of other topics from behavioural psychology to Muay Thai, the latter also being a personal interest that involves frequently getting kicked in the shins (and torso, and head).

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| Mar 02 2011 18:12 | Comment |

A two-week stay of compromise, we suppose.

The Senate has approved the continuing resolution that the House passed yesterday, keeping the government funded for two more weeks. Read more

Government shutdown, economy slowdown?

| Mar 01 2011 17:32 | Comment |

Well, it’s a start.

The FT reported Monday evening that the House of Represenatives will on Tuesday vote on a two-week continuing resolution (CR) that funds the federal government through March 18 and reduces FY 2011 discretionary authority by $4bn. Read more