By Lewis Krauskopf NEW YORK (Reuters) - The U.S. government looks
STORY CONTINUES BELOW THESE SALTWIRE VIDEOSBy Lewis Krauskopf
The Goldman economics analysts said prior shutdowns - which occur if Congress fails to pass annual spending bills - have stemmed either from disagreement on the level or distribution of spending, or a dispute over other issues that one party wants to address in spending legislation.A broad government shutdown stands to directly reduce growth by around 0.15 percentage points for each week it lasts, while the reduction could be 0.
Markets have not had strong reactions to three past shutdowns, in 1995-1996, 2013, and 2018-2019, according to the note.
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