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Goldman Sachs No Longer Expects U.S. Government Shutdown in 2023

However, it believes risks exist for 2024

Goldman Sachs removed its forecast for a U.S. government shutdown this year given new geopolitical risks and the election of a speaker at the House of Representatives, but warned of risks in 2024.

The brokerage's previous base case was for a shutdown for up to 2-3 weeks in the current quarter ended December, which now seems "much less likely," Goldman Sachs economists led by Jan Hatzius said.

The conflict in Israel and other emerging geopolitical tensions such as the recent U.S. air strikes in Syria would make the Congress less likely to allow a shutdown, which also affects the military, the brokerage said.

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