September 6, 2017 / 2:15 PM / 10 months ago

Goldman lowers chances of U.S. government shutdown to 15 percent

NEW YORK (Reuters) - Goldman Sachs economists on Wednesday downgraded the probability of a U.S. government shutdown to 15 percent from 35 percent last week on expectations that rebuilding efforts after Hurricane Harvey would reduce risks of a showdown over federal funding and the debt ceiling.

U.S. President Donald Trump speaks about tax reform during a visit to Loren Cook Company in Springfield, Missouri, U.S., August 30, 2017. REUTERS/Kevin Lamarque

“Hurricane Harvey has rearranged the fiscal policy agenda. In the short run, the outlook has become more benign,” the Goldman economists wrote in a research note.

Reporting by Richard Leong; Editing by Chizu Nomiyama

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