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OCT 02, 2013 - San Francisco Chronicle

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Global stocks jittery after US government shutdown

BANGKOK (AP) — Global stocks remained jittery Wednesday on fears that a partial shutdown of the U.S. government could undermine the country's fragile economic recovery. The shutdown, which furloughs some 800,000 federal employees, went into effect after a politically divided Congress failed to approve short-term funding to keep the government functioning past Monday, the end of its fiscal year. Analysts said they expect the budget stalemate to be resolved before the shutdown inflicts damage on the economy, which has been struggling with a weak housing market and high unemployment in the ... Read More

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