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02.10.2013 17:51:41

US shutdown raises debt ceiling concerns and other latest News on Talkingpoint

Schroders News on Axel Springer 20131002

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Abe reveals tax plan as economic confidence in Japan rises

US shutdown raises debt ceiling concerns

October 2013

 

Schroders Quickview: Abe reveals tax plan as economic confidence in Japan rises 
On the first day of the month Prime Minister Abe announced the long-anticipated decision to raise consumption tax from 5% to 8% in April 2014.

Schroders Quickview: US shutdown raises debt ceiling concerns
A Congressional impasse over putting in place a fiscal year 2014 budget has resulted in suspension of 'non-essential' government services and furlough of approximately 800,000 workers. The government shutdown comes ahead of a mid-October need to raise the US debt ceiling which has potentially more important consequences.

Schroders Quickview: Deja vu. Another US budget deadline
Haven't we dealt with this before? With political gridlock over the 2014 budget, we are about to breach another US government deadline. And once we get past this issue, there is another one right behind it surrounding the need to raise the debt ceiling by mid-October.

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