Debt Ceiling Debacle Had Limited Impact On Q3 Earnings: Goldman Sachs

With third quarter earnings rolling in, most companies are saying that the government shutdown and debt ceiling fight didn’t have much financial impact, though there are still concerns about ongoing political risk. Debt ceiling debate “Both firms and consumers were concerned about the 16-day government shutdown, and the continued debt ceiling debate at the end of 3Q. Although some firms were affected by the government dysfunction, and many commented on the uncertainty of the political environment, the financial impact was less eventful than expected. Most firms have already looked past the issues, and expect fiscal resolution in 2014,” wrote Goldman…