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Fastest Four: The Government is Shut Down
Manage episode 510311983 series 3033836
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A government shutdown began on October 1st, and while markets are still sitting at all-time highs, the impact could grow the longer it drags on. In this week’s Fastest 4 Minutes in Finance, Scott Inman breaks down:
- Why Social Security, Medicare, and Medicaid benefits keep flowing (but with possible delays)
- How a prolonged shutdown could trigger market volatility and impact Federal Reserve decisions
- The real economic cost — from furloughed workers missing paychecks to GDP shrinking
Bottom line: short-term uncertainty can rattle investors, but sticking to your financial independence plan is key.
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