Government shutdown looms in three weeks without budget deal

Government shutdown looms in three weeks without budget deal

Excerpt from Market Watch article featuring Horizon Investments’ Greg Valliere

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.”

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