Now, the budget is moving on to the presidential office where President Obama is expected to sign it, based on prior indications of support. The signature of the president will ensure another government shutdown is averted.
Despite the ability of the U.S. to service its debts, recent events have changed the opinion of ratings firm DBRS. The company is now questioning the willingness of the country to meet its debt payments in a timely manner.
With the first major debt ceiling deadline right around the corner, central banks are testing their contingency plans to ensure they can keep the financial markets working if lawmakers fail to come to an agreement.
A prolonged economic slowdown in the U.S. would endanger the eurozone recovery — growth is already expected to be below 1%. But there are some bright spots. There is a feeling that a resolution to the shutdown is progressing.
People are listening to real estate economists today in a way that anyone who covered the industry a decade or more ago would not recognize. Smoke is one of the members of this new wave of real estate economists. In fact, Smoke is actually the newest one on the block. The upstart economists at places like Trulia and Zillow are still new, Smoke is just the latest player to join the game..