Clients of private banks and private equity firms had taken steps to ensure themselves just in case the government shutdown would result to a US default.
Tags: Government shutdown
US Congress Negotiators Strike Deal on 12 Government Spending Bills
Bipartisan negotiators in the US Congress have reached an agreement on spending levels in the 12 bills crucial in preventing a government shutdown.
Housing sector growth slows, borrowing costs jump due to effects from US government shutdown
Analysts who were quoted at Reuters anticipated the effects stemming from the US Federal Reserve's moves after the government shutdown.
IRS moves start of returns submission to January 28
A final decision would be made on the commencement date for submission of tax returns for 2013 by the IRS in December.
Federal Reserve says US economy remains steady even budget battle started
The US Federal Reserve's Beige Book report reflected a somewhat stable US economy in its first week of the government shutdown.
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Chief executives of major banks and President Barack Obama on October 2 had met and discussed financial repercussions of the government shutdown.
A Reuters/Ipsos poll showed Americans were split on the issue of whether Obamacare should be linked to US government funding.
Judge Colleen Kollar-Kotelly had turned down the US Department of Justice's request to delay the hearing of the case against AMR Corp and US Airways Group Inc regarding the airlines' planned merger.
Saudi Arabia Central Bank Governor Fahad al-Mubarak remained confident that Washington would be able to resolve its political deadlock.
US Energy Information Administration Analyst Mike Conner said the agency still had funds to operate until October 11.
In a telephone interview, mortgage industry experts say that the shutdown would not only delay approvals but also put banks at risk as they work around the government's lack of services.
State officials who would be managing "Obamacare's" healthcare insurance said they are confident that they would still be able to access funds in the event of a government shutdown.
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