Tue, 01 Oct 2013 06:09:04 GMT
First U.S. government shutdown in 17 years
At midnight the U.S. government went for partial shutdown as Republicans and Democrats did not manage to reach consensus on Obamacare, yet major negotiations on debt limit increase still to come. The shutdown will hurt consumers' and businesses' confidence and is expected to decrease GDP by 300 million Dollars a day, which will weaken pace of country's economic recovery.