PIMCO says Another Government Shutdown Odds Quite Low

The odds of another government shutdown are “quite low,” Libby Cantrill, the head of public policy at Pimco, told CNBC on Monday.

Talks to avoid the partial shutdown have stalled, with members of Congress unable to find common ground on border security. The deadline to reach a deal is end of day Friday.

“If you are a member of Congress, you are going to try to extract everything you can from the opposite party; however, you realize that the political cost and the economic cost are simply just too high,” Cantrill told CNBC’s “Closing Bell” on Monday.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza