USA Faces Shutdown as Federal Budget is Rejected - Implications for Economy, Military & Gov't - JB [View all]

The Federal Budget for new financial has been REJECTED by the House of Representative in the USA which means that the US Government is now facing SHUTDOWN. In this video I provide more details on what is going on, why the USA is in this position and what the implications are for the USA Economy.

Chapters:
0:00 Intro
2:12 USA SHUTDOWN
4:36 IMPACT
6:18 SHUTDOWN HISTORY
7:24 USA ECONOMICS
11:02 SUMMARY & CONCLUSION

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Expect Moody's, the last credit rating agency that has the USA with a AAA rating, to downgrade its rating. The GOP with its austerity packages and vindictiveness will achieve the notoriety of being responsible for credit rating downgrades by all three major credit rating agencies. Helluva job.