Quantcast
Connect with us

Goldman Sachs warns investors to expect government shutdown as Trump support tanks

Published

on

Wall Street powerhouse Goldman Sachs is warning investors of a potential government shutdown next month resulting from President Donald Trump’s falling approval rating.

“Presidential approval continues to decline, and is the lowest for any first-term president in his first year in office,” economist Alec Phillips warned clients Friday. “Low approval ratings raise legislative risks. In the near term, we believe there is a 50% chance of a brief government shutdown, as the president seeks to solidify support among his base by embracing more controversial positions.”

Gallup reported Friday that 57 percent of Americans disapprove of President Trump.

The United States Treasury has warned Congress that the debt ceiling must be raised by Sept. 29 to avoid a shutdown.

Goldman Sachs also warned that tax reform may be in jeopardy.

ADVERTISEMENT

“We continue to believe a tax cut is slightly more likely than not, but our conviction is low, as there has been little progress to date,” the briefing noted. “If tangible progress has not been made by October, after these fiscal deadlines have passed, tax legislation will start to look less likely, in our view.”


Report typos and corrections to [email protected].
READ COMMENTS - JOIN THE DISCUSSION
Continue Reading

Breaking Banner

‘White Identity Politics’ and white backlash: How we wound up with a racist in the White House

Published

on

Today's Republican Party is the largest, most powerful and most dangerous white racist organization in the United States -- if not the world. Donald Trump, the president of the United States, is its leader. These are plain if not understated facts. No embellishment is needed. The examples are many.  Over the last few days Donald Trump has repeatedly dug into his bucket of racist political scatology, saying on Twitter and elsewhere that four nonwhite members of Congress ("Progressive' Democrat Congresswomen," as he mockingly put it) should leave America and go back to their own "crime infested" and "totally broken" countries.

Continue Reading

Breaking Banner

Trump’s packed Supreme Court backs ‘forced arbitration’ that bars workers from taking abusive bosses to court

Published

on

Corporations are rapidly rendering sexual harassment, race and gender discrimination, life-threatening workplaces and wage theft immune to employee legal action.

They achieve this by forcing the vast majority of non-union private-sector workers to sign away their rights to go to court or use class or collective arbitration. Instead many millions of workers are being forced to forgo these efficient legal ways to resolve issues and to file individual arbitration claims.

A new report from the Economic Policy Institute and the Center for Popular Democracy says that by 2024 more than 80% of non-union private-sector workers will find courthouse doors chained shut by forced arbitration clauses that ban lawsuits and collective actions. (EPI is a nonprofit, nonpartisan think tank created in 1986 to press the needs of low- and middle-income workers in economic policy discussions.)

Continue Reading
 

Breaking Banner

Corporations can legally put carcinogens in our food without warning labels — here’s why

Published

on

A recent study by the Environmental Working Group revealed something horrifying: Glyphosate, the active ingredient in the popular weedkiller Roundup, was present in 17 of the 21 oat-based cereal and snack products at levels considered unsafe for children. That includes six different brands of Cheerios, one of the most popular American cereals.

I've written before about the limits of corporate free speech when it comes to public safety, but on that occasion I discussed this insofar as it involved corporate-sponsored climate change denialism. Yet here we have something more tangible, more direct: The safe glyphosate limit for children is 160 parts per billion (ppb), yet Honey Nut Cheerios Medley Crunch has 833 parts per billion and regular Cheerios has 729 ppb. While the potential risks of glyphosate are fiercely debated, many scientists believe that it is linked to cancer.

Continue Reading
 
 
 

Copyright © 2019 Raw Story Media, Inc. PO Box 21050, Washington, D.C. 20009 | Masthead | Privacy Policy | For corrections or concerns, please email [email protected]

close-image