Government shutdown on Oct 2nd may cause bank runs, with unforeseen consequences if 12 appropriations bills aren’t passed.
A government shutdown on Oct 2nd could trigger a series of bank runs as furloughed government employees + regular customers pull deposits to pay bills. These banks are already pushed to the brink. A failure to pass the 12 appropriations bills will have "unforeseen" consequences. https://t.co/gGJD4yrHah — Financelot (@FinanceLancelot) August 22, 2023 BREAKING: S&P downgrades …