Tag: Goldman Sachs

Goldman Sachs Predicts 50:50 Odds of Government Shutdown

Buck Banks

50%

Goldman Sachs believes there is a 50% chance that the federal government will experience a short shutdown next month, CNBC reports. From the statement: “Presidential approval continues to decline, and is the lowest for any first-term president in his first year in office. Low approval ratings raise legislative risks. In the near term, we believe there is a 50% chance of a brief government shutdown, as the president seeks to solidify support among his base by embracing more controversial positions.”

Cruz Failed to Disclose Campaign Loan from Goldman Sachs

Buck Banks

$1.1 million

Sen. Ted Cruz (R-TX) “improperly accounted for loans he received from Goldman Sachs Group Inc. and Citigroup Inc. during his 2012 campaign, saying the funds were his own personal contributions to the Senate race,” Bloomberg reports. “The finding, released on the FEC website, marked a rare instance of agreement among the agency’s five commissioners, who voted unanimously that the $1.1 million of loans from the banks should have been disclosed to voters.”