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Federal Budget
Four Political Issues That Could Tank the Markets

 

 

Four Political Issues That Could Tank the Markets

 

By Jeff Cox, CNBC

 

August 18, 2015

 

 

 

 

Donald Trump's raucous presidential campaign won't be the only thing lighting the political fires this fall.

A handful of significant deadlines and policy decisions loom for Washington and Wall Street that could bring volatility to the financial markets, though perhaps not on a fiscal cliff-type level.

Among the big events to remember:

1. The Iran nuclear agreement: Congress has 60 days to review the pact between the White House and Iran, and it could end up as an impasse wherein lawmakers pass a resolution rescinding the agreement that President Barack Obama vetoes.

2. The end of the fiscal year: Sept. 30 concludes the budgetary cycle and could bring with it more of the same tango between the warring Washington parties. "There is a greater risk of a federal government shutdown from Oct. 1 than at any point since the last one occurred two years ago, though a shutdown this fall is not quite our base case," Goldman Sachs economist Alec Phillips said in a note.

Continue reading at …. http://www.thefiscaltimes.com/2015/08/18/Four-Political-Issues-Could-Tank-Market