Analysts have noted the impact of the current shutdown is somewhat limited, because it’s only affecting agencies that represent about 25% of total government spending.
The ongoing shutdown has been sparked by a dispute over money for President Donald Trump’s proposed wall at the southern border. In a televised speech from the Oval Office on Tuesday night, Trump urged congressional Democrats to fund his long-promised wall, while Democrats in response accused him of appealing to “fear, not facts” and manufacturing a border crisis for political gain.
Shutdown-related worries have contributed in sending the stock market SPX, +0.52%sharply lower in recent weeks. The Dow DJIA, +0.76% has rallied about 2% so far in January, but it is still showing a loss of 2% over the past 30 days.
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