Former Treasury Secretary Larry Summers says Ukraine's needs are 'enormously expensive' for the US to finance - and frozen Russian assets should be used instead

Tech Insider : Economy
Larry Summers
Former US Treasury secretary Larry Summers.

Michel Euler/AP Photo

Americans are 10 days away from a federal government shutdown and Republicans still can't agree on a way out

Tech Insider : Economy, Politics, Economy
kevin mccarthy facepalm
Rep.-elect Kevin McCarthy (R-Calif.) reacts after a fourth round of voting for a new House Speaker on the second day of the 118th Congress, Wednesday, January 4, 2023, at the US Capitol in Washington DC.

Getty

The US should be able to avoid a recession this year. A government shutdown could change that.

Tech Insider : Economy, Politics
Janet Yellen
US Treasury Secretary Janet Yellen.

Andrew Harnik/AP

  • There are positive signs that the US will avoid a recession.
  • However, Janet Yellen warned about the economic impact of a government shutdown.
  • If the government shuts down and the economy slows, finger-pointing will follow.

Will we recession? Will we not recession?

Student loans, strikes, and a government shutdown will all drag on the economy for the rest of 2023, Goldman Sachs warns

Tech Insider : Economy, Economy
Detroit 3 autoworkers went on strike Friday – and that could drag on fourth-quarter GDP growth, according to Goldman Sachs.
Detroit 3 autoworkers went on strike Friday – and that could drag on fourth-quarter GDP growth, according to Goldman Sachs.

Matthew Hatcher/AFP via Getty Images

Moderate House Republican says his hard-right colleagues say crazier and crazier things to become famous and juice their fundraising numbers

Tech Insider : Politics
Rep. Dave Joyce of Ohio outside the Capitol in June 2019.
Rep. Dave Joyce of Ohio outside the Capitol in June 2019.

Bill Clark/CQ Roll Call

Former GOP leader thinks the Republicans would lose if the government shuts down

Tech Insider : Politics
Er
House Minority Whip Eric Cantor addresses supporters at the Conservative Political Action Conference annual meeting February 19, 2010 in Washington, DC.

Win McNamee/Getty Images

The S&P 500 is poised to fall - and a government error could crush the US economy, one veteran trader warns

Tech Insider
Peter Borish
Peter Borish.

Youtube/Bloomberg/Peter Borish

A US government shutdown looks likely, and it'll hit stock and the economy, Goldman Sachs says

Tech Insider
us capitol government shutdown 2018

Associated Press/Carolyn Kaster

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