NEW YORK (Reuters) – U.S. stocks fell on Monday, extending two weeks of losses, as a lack of progress in ending the partial U.S. government shutdown or the debt-ceiling standoff kept investors nervous.
http://ca.news.yahoo.com/stock-futures-down-washington-stalemate-continues-113551834–sector.html
The U.S government partial shutdown due to the fact that the politicians on Capitol Hill have failed to agree a new budget for the 2013-2014 financial year. Therefore, there’s no legal agreement to pay non-essential staff.At the beginning of the shutdown of U.S government, both American and people in other country treated the event as a farce cause it happened for several times before.
Right now the things changed. Up to a million workers being furloughed. Investors are also looking ahead to the upcoming debate over the debt ceiling, which could result in a default on U.S. debt if a deal isn’t reached cause then America would run out of borrowing room in the mid-October.
Another fact is that about 70 percent of Nasdaq-listed shares closed lower while more than three-fourths of stocks traded on the New York Stock Exchange ended down.
We always compliment the combination of free-market and government control. Then we notice that the legislation is another vital factor in economics. What I mean is that how the government works and what the works based on really make a difference in the real world. The things should catch up and fit the modern pace rather than stick to the tradition. Even though America is the world largest economics. Now that we see the negative impact.
http://www.theguardian.com/world/2013/sep/30/us-shutdown-explainer-non-americans