February 8, 2018
Negotiations in Congress to keep the government open are reportedly moving forward and a favorable vote is expected late tonight, one that would push the next deadline out to March. This would be the fifth continuing resolution as Congress wrestles with passing a budget for fiscal year 2018. The failure to reach an agreement would result in a partial government closure and would likely disrupt the flow of economic information to investors. The ongoing impasse led to a brief government shutdown last month and delayed the release of advance data for goods trade and inventories. A protracted shutdown in October 2013 caused postponements for key data including the employment situation report.