Lawmakers have just four days to pass annual budget legislation that would prevent the fourth partial shutdown of the U.S. government this decade, but according to Jan Hatzius, Goldman Sachs’ chief economist and head of global investment research, they probably won’t reach an agreement. The Wall Street veteran expects a two-to-three-week-long government shutdown, beginning Oct. 1.
“A government shutdown this year has looked likely for several months, and we now think the odds have risen to 90%,” he wrote in a Wednesday note. “While there is still a chance that Congress can reach a last-minute deal to extend funding past Sep. 30, there has been little progress made and there is little time left.”
