President Trump's threat to shut down the government limits his options and will mostly harm him.
Ray Dalio, the billionaire founder of the world's largest hedge fund--Bridgewater, said in a LinkedIn post on Monday that he's...“tactically reducing” his risk because he’s concerned about growing internal and external conflict “leading to impaired government efficiency” in the US. But are Dalio and other big investors writing off President Trump too early?
U.S. stocks remained lower on Wednesday as investors mulled President Donald Trump's threat to shut down the government if funds are not secured to build a Mexico border wall. Stocks did briefly pare losses after comments from U.S. House Speaker Paul Ryan that a government shutdown was unnecessary. Wall Street analysts estimate Congress has just 12 working days when it returns from its summer recess on Sept. 5 to raise the debt ceiling before the U.S. Treasury exhausts the last of its options to remain current on all of the federal government's obligations.